With acquisition multiples for advisory practices climbing, many firm founders considering a sale face tough questions. They might look longingly at a possible windfall but worry about what happens to their team after the deal is done. For next-gen advisors trying to buy an ownership stake in a thriving practice, it’s a math question: How can they afford it?

Judging from today’s headlines, it might seem that artificial intelligence is the only thing worth investing in. Investors have flocked to chip makers, power companies, businesses with AI transformation stories—anything that smells like artificial intelligence has drawn interest. For this week’s Barron’s Advisor Big Q, we thought we’d ask investment professionals which non-AI investment themes deserve more attention. Below, they make compelling cases for everything from emerging markets to structured products in ETF packages.