Podcasts about shaping wealth

When markets are volatile, your clients look to you for clarity—but before they can truly hear your technical advice, they may need something deeper: to feel emotionally steady and heard. In this episode, Dr. Meghaan Lurtz, behavioral scientist and partner at Shaping Wealth, joins host Cary Sinnett to explore the power of a question-led approach for CPA financial planners. You'll learn how leading with well-timed questions—not immediate answers—can reduce client panic, build trust, and actually enhance the effectiveness of your financial guidance.

In this episode, Rory speaks with Dr. Meghaan Lurtz, a leading expert in the psychology of financial planning and Partner at Shaping Wealth, about how advisors can create more meaningful client connections through the power of questions. Meghaan unpacks why simple phrases like “Would you be willing?” can spark internal motivation and how financial professionals can use invitation-based language to lower anxiety and increase engagement. Discover the Fix, Find, Flourish framework to strengthen ongoing client relationships and why group accountability, social connection, and vision-based planning lead to greater financial well-being. Learn how questions like “What have you been thinking about?” or “What would make this a 7 instead of a 6?” can drive better conversations and outcomes. Are you ready to help clients move from financial fear to hope and purpose? Want to create a less lonely money experience? Find out the answers to these questions and more in this human-first episode with Dr. Meghaan Lurtz.

Money and meaning are often treated as separate conversations, but what if they were deeply connected? How can we redefine wealth beyond financial success? What role does mindset play in achieving fulfillment? In this episode of Mitlin Money Mindset®, Larry Sprung speaks with Brian Portnoy, founder of Shaping Wealth, about the psychology of money and how financial well-being can lead to a more fulfilling life. Brian shares his concept of "funded contentment," the distinction between being rich and being wealthy, and how financial advisors can support clients beyond just numbers. Brian shares: His multifaceted career journey and how it led to founding Shaping Wealth The profound difference between being rich and being wealthy The concept of funded contentment and its transformative impact Insights on guiding the next generation toward meaningful financial planning The paradigm shift in financial planning from a product-focused approach to a relationship-centered one  And more! Resources: Mitlin Financial   The JOY and Productivity Journal by Lawrence Sprung  Download Your Free Copy of the Couple's JOYful Money Guide The Geometry of Wealth: How to shape a life of money and meaning Paperback by Brian Portnoy Connect with Larry Sprung:  LinkedIn: Larry Sprung Instagram: Larry Sprung Facebook: Larry Sprung X (Twitter): Larry Sprung Connect with Brian Portnoy:  LinkedIn: Brian Portnoy X: Brian Portnoy Instagram: Brian Portnoy Website: Shaping Wealth About our Guest: Brian Portnoy, Ph.D., CFA, is an expert in the psychology of money. He is the founder of Shaping Wealth, the global wealth industry's premier learning & training platform for human-first financial guidance. Brian's three behavioral finance books have been published in 15 languages, and one of them, The Geometry of Wealth, inspired his current venture. He previously worked for nearly 20 years in the hedge fund and mutual fund industries as an investor, researcher, and educator. He serves on the ambassador's council of the Alliance for Decision Education, is a CFA Charterholder, and is a member of the Economic Club of Chicago. Brian earned his doctorate at the University of Chicago and his undergraduate degree at the University of Michigan. Disclosure: Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site.  

Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.   Recent research from PensionBee reveals that financial disengagement might cost savers up to £500,000 over their lifetime - that's a substantial amount! When was the last time you reviewed your savings? Are you aware of how much you've saved for retirement? Making small, informed decisions today can greatly impact your financial future. The great news is that staying engaged with your finances isn't difficult.   Join our host, Philippa Lamb, and our expert panel as they explore a simple truth: the most effective way to max out your chances of retiring comfortably. Behavioural Expert and Co-Founder of Shaping Wealth, Neil Bage; Financial Adviser, Money Columnist and Author, Bola Sol; and Head of Consumer PR at PensionBee, Laura Dunn-Sims.   Episode Breakdown: 01:31 Common financial pitfalls 03:52 Visualising our ‘future selves' 06:08 Overcoming complacency with pensions 06:42 The £500,000 ‘cost of disengagement' 08:00 How can we make the numbers feel real? 10:20 Transitioning from an ‘immediate return' to ‘delayed return' environment 13:16 How to retire with more money 17:23 Automate your way to compound interest 20:02 Understanding investment risk 23:30 Balancing greed and fear 26:27 How to make (and keep) good habits   Further reading, listening and watching: To learn more about the cost of disengagement, check out these articles, podcasts and videos from PensionBee: E37 transcript (Blog) Bonus: How to stick to your financial resolutions (Podcast) Do you know what pension plan you're in? (Blog) E32: How to understand your pension balance (Podcast) E34: Unpacking 10 years of pension changes (Podcast) How much do you need to pay into a pension? (Video) How much income do you need in retirement? (Blog) How much should you save for retirement? (Video) How to catch up on pension payments (Blog) How to check your pension contributions (Article) How to trace a lost pension (Article) How to understand your pension balance (Blog) Pension Calculator (Calculator) Top 10 money apps for your smartphone (Blog) What income would a £100,000 pension pot give you? (Blog) What is compound interest? (Blog)   Other useful resources: 56% of UK adults feel like they don't understand the stock market (YouGov Survey) Almost 9 million UK adults are missing an old pension pot (PensionBee) Brits missing £31.1b in unclaimed pension pots (Pensions and Lifetime Savings Association) Government's free Pension Tracing Service (Gov.uk) How the 'end of history' illusion shapes your life choices (BBC) Over half of Brits are in the dark or ‘dangerously underestimating' the minimum cost of retirement (PensionBee) Pension disengagement could cost you up to £500,000 in retirement (PensionBee) Pot for life significantly more popular than stapling for managing multiple pots (PensionBee) Your Future Self: How to Make Tomorrow Better Today by Hal Hershfield (Book)   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube   Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads. Follow Shaping Wealth (@shapingwealth) on YouTube, Instagram, LinkedIn and X. Follow Bola Sol (@bolasol) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

Colin and Karyn are joined by special guest Brian Portnoy, founder of Shaping Wealth and author of The Geometry of Wealth. Together, they explore how investors can avoid repeating the same financial mistakes. Listen in to learn how to build a more intentional financial future!

Conventional wisdom claims that mixing emotions with financial decisions can lead to poor, even impulsive decisions. But what if we instead viewed emotions as super powers that we can harness to not only make wiser, but more meaningful choices for ourselves and our financial goals? In this episode, we sit down with Brian Portnoy, author and founder of the financial advisor coaching and e-learning platform Shaping Wealth. The lessons on Shaping Wealth apply wisdom from psychology, behavioral science, as well as emotional intelligence to coach financial advisors to be better partners for their clients' financial journeys. In addition to Shaping Wealth, Brian is the author of three books—The Investor's Paradox, The Geometry of Wealth, and How I Invest My Money. Brian also worked as the Director of Investment Education at Virtus Investment Partners, and was Head of Education at Magnetar Capital. Brian holds a PhD from the University of Chicago, as well as a bachelor's from the University of Michigan. For more, read Liz's column every Thursday at On The Money by SoFi, sign up for the On The Money newsletter, and follow Liz @LizThomasStrat. Notable mentions in the episode: 00:00 Introduction 01:31 Money and Emotions 04:44 Using Emotions to Make Better Financial Decisions 07:16 Emotions vs. Emotional Intelligence 09:19 Setting Expectations with Your Finances 13:58 Managing Emotions Through Market Volatility 17:22 Rich vs. Wealthy 21:15 Money and Happiness 25:13 Budgeting and Setting Goals 35:25 Getting Healthier About Our Financial Well-Being 38:55 AI and Financial Advising 47:51 Closing Thoughts Additional resources: On The Money: Sign up for SoFi's newsletter for intel, insights, and inspo to help you get your money right. Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we've created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more. Wealth Investing Guide: Information you need to know to make your money work harder for you. This podcast should be used for informational purposes only and not deemed as a recommendation. Our Automated investing is via SoFi Wealth LLC, and is a registered investment advisor. Our Active investing is via SoFi securities LLC, member FINRA/SIPC. For additional disclosures related to the SoFi Invest® platforms, please visit www. SoFi.com/Legal. ©2024 Social Finance, Inc. All Rights Reserved.

In this episode, we delve into the world of behavioral finance and financial planning with Brian Portnoy, one of the co-founders of Shaping Wealth. We discuss the importance of understanding human behavior in financial planning, the concept of 'behavioral finance 2.0', and how financial advisors can better serve their clients by taking a more human-centric approach.Topics Discussed• Discussion on normalizing human behavior in financial planning and the emergence of 'behavioral finance 2.0', which focuses on understanding the humanity of clients rather than their flaws• Exploration of the difference between reflective happiness and life satisfaction, and how these concepts can guide financial planning• Insights into the role of identity and narrative in financial planning, and how advisors can help clients navigate these complex dimensions• Discussion on how individuals can engage in self-reflection and maintain honesty in their financial journey despite external influences• Introduction to the concept of 'funded contentment' and how it relates to wealth and financial planning• Discussion on the recruitment and training of advisors suited for a human-centric approach to financial planning• Insights into the sensitive and complex nature of discussing identity and purpose with clients, and the importance of having better coaching skills• Introduction to Lydia, an AI tool designed to assist financial advisors by providing empathetic and insightful guidance• Discussion on the potential of Lydia to enhance the financial advising process by providing personalized insights and suggestions based on the advisor's patterns and past conversationsThis episode provides valuable insights into the evolving field of financial planning, emphasizing the need for a more human-centric approach. It introduces innovative tools and methodologies that can enhance the advisor-client relationship and ultimately lead to better financial outcomes. A must-listen for anyone interested in the intersection of behavioral finance, financial planning, and AI technology.

Is traditional behavioral finance missing the mark?Brian Portnoy, CFA, founder of Shaping Wealth, joins Ana Trujillo Limón, Director, Editorial, to introduce “Behavioral Finance 2.0,” a fresh take that goes beyond client-centric advice to a human-centric model. Rather than “fixing” biases, Brian emphasizes tapping into clients' real motivations and strengths. He shares how advisors can go deeper, guiding clients toward true well-being by focusing on the physical, emotional, spiritual, and financial dimensions of their lives.Listeners will gain actionable insights into building trust and empathy with clients, moving them from “okay” to “great,” and creating more meaningful financial relationships that help clients thrive.Brian discusses:Why traditional behavioral finance often misses the point by pathologizing normal human behaviorsHow a human-centric approach helps advisors support clients' full well-being—physical, emotional, spiritual, and financialShaping Wealth's four-part model of flourishing, and how it lets advisors step into dual roles as “mechanics” for technical planning and “guides” for life's big transitionsThe power of emotional intelligence (EQ) in building trust, empathy, and more impactful client relationshipsWhy understanding “money stories” helps advisors connect with clients on a deeper level by exploring what money really means to themThe future of behavioral finance—using insights from positive psychology to help clients live richer, more fulfilling livesAnd much more!Resources:"The Geometry of Wealth" by Brian Portnoy"How I Invest My Money"  by Brian Portnoy and Joshua Brown"The Investor's Paradox"  by Brian PortnoyConnect with Ana Trujillo Limón: Carson Group LLCLinkedIn: Ana Trujillo LimónConnect with Brian Portnoy:LinkedIn: Brian Portnoy, CFAShaping WealthAbout Our Guest: Brian Portnoy is the founder of Shaping Wealth, a consultancy focused on helping advisors integrate human-centric, holistic approaches into wealth management. His insights on behavioral finance and emotional intelligence are transforming how advisors support clients through all aspects of life, emphasizing human flourishing over technical solutions alone.Send us your questions, we'd love to hear from you! Email us at framework@carsongroup.com.

Are your financial decisions shaped by emotions or grounded in logic? The difference could have a bigger impact on your financial future than you think.This week on Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, host an insightful conversation recorded live at the Excel Conference, featuring leading financial minds: Ed Clissold, CFA, Chief U.S. Strategist at Ned Davis Research; Brian Portnoy, CFA, Founder of Shaping Wealth; and Adam Holt, CFP®, ChFC®, CEO & Founder of Asset-Map Holdings.Together, they examine the behavioral and emotional forces that drive both individual investment decisions and broader market trends. From managing emotional reactions in volatile markets to harnessing the power of storytelling in financial advice, they reveal how financial advisors can elevate their approach. The discussion also explores the complexities of guiding families through financial planning, the critical importance of financial literacy for future generations, and a cautiously optimistic look at today's economic indicators.Key Highlights:Behavioral Finance & Emotional Intelligence: Brian Portnoy highlights the central role of emotions in decision-making. He urges advisors to act as behavioral coaches, helping clients manage their emotional responses to market fluctuations and stay focused on long-term goals.Market Sentiment & Political Reactions: Ed Clissold explains how market tops and bottoms are often driven by emotional extremes like optimism and pessimism. He also touches on how elections can create short-term volatility, but markets typically react independently of political outcomes. Ed reminds advisors to rely on data-driven insights rather than emotional biases when advising clients.Holistic Financial Planning & Storytelling: Adam Holt and Brian Portnoy emphasize the importance of taking a comprehensive approach to financial planning, addressing risks like under-insurance and longevity. Brian adds that storytelling is a powerful tool for advisors, helping clients connect with their financial goals on a deeper level.Market Outlook & Economic Indicators: Ed provides a cautiously optimistic market outlook, highlighting strong consumer spending and investment. While sentiment indicators, like the yield curve, suggest some potential slowdowns, Ed believes a soft landing is more likely than a severe recession.Financial Literacy & Family Dynamics: The panel underscores the importance of improving financial literacy, particularly for younger generations, to prepare them for long-term financial health. Brian also notes the complexities of advising families, emphasizing that advisors must adapt their communication styles to effectively engage all family members in the planning process.Resources:Any questions about the show? Send it to us! We'd love to hear from you! factsvsfeelings@carsongroup.com Connect with Ed Clissold: LinkedIn: Ed Clissold, CFAConnect with Brian Portnoy: LinkedIn: Brian Portnoy, CFA Connect with Adam Holt: LinkedIn: H. Adam Holt, CFP®, ChFC®Connect with Ryan Detrick: LinkedIn: Ryan DetrickX: Ryan DetrickConnect with Sonu Varghese: LinkedIn: Sonu VargheseX: Sonu Varghese

“True wealth is the ability to underwrite a meaningful life.” My guest today is Brian Portnoy, CFA, PhD — the Founder of Shaping Wealth. Brian is one of the world's leading experts on the psychology of money.  He has written multiple bestselling books, including The Geometry of Wealth, and has 20+ years of experience as an investor and educator in the hedge fund and mutual fund industries.  He is a CFA Charterholder and earned a PhD at the University of Chicago. Brian Portnoy discusses the emotional and psychological aspects of money and the pursuit of a meaningful life. He emphasizes the importance of understanding the connection between money and happiness, and how money triggers and amplifies various emotions. Portnoy introduces the concept of funded contentment, which is the ability to underwrite a meaningful life, and highlights the significance of adaptive simplicity in navigating the overwhelming amount of information and choices. He also explores the four Cs (connection, control, competence, and context) that form the nexus of money and meaning, and how they contribute to a sense of contentment and fulfillment. The conversation explores the concept of funded contentment and its two-step process: determining what is meaningful and then figuring out how to afford it. It emphasizes that contentment can come from experiences and possessions, but experiences tend to have a longer-lasting impact. The discussion also touches on the importance of playing your own game in terms of wealth and investing, rather than trying to beat the market. Time is highlighted as a valuable asset, and the need to set priorities that align with the life you want to live. The conversation concludes with the idea that success is a life that is meaningful and aligned with your own definition of success. Chapters: 06:30 Introduction and Early Life10:42 The Emotional Aspect of Money17:46 Funded Contentment and Underwriting a Meaningful Life30:31 The Four Cs: Connection, Control, Competence, and Context37:04 The Two-Step Process of Funded Contentment43:20 Experiences vs Possessions: The Impact on Contentment49:18 Playing Your Own Game in Wealth and Investing57:50 Time and Money: Setting Priorities1:00:05 Defining Success: A Meaningful Life Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed.  Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance. --- Send in a voice message: https://podcasters.spotify.com/pod/show/talking-billions/message

Most couples think they end up in a therapist's office to talk about sex and money.  But it's really deeper underlying issues couples are looking to hash out.  Dr. Joy Lere, a licensed clinical psychologist and co-founder of Shaping Wealth, is a leading voice in the psychology of money and applied behavioral finance.  In her practice, Joy has observed that individuals find it easier to disclose the details of their intimate encounters than to reveal the figures in their bank accounts.  Joy's expertise lies in unraveling the profound connection between money and self-esteem, understanding it as an emotional flashpoint for couples and parents.  Key Takeaways  Self-awareness is a Superpower - Learn to wield the power of understanding your own and your partner's money script to build a stronger financial future together.  Financial Wellness is a Team Sport - Embrace financial discussions and check-ins with your partner as a path to closer bonding rather than a chore.  Hint: Check out temptation bundling to make this process more enjoyable!  Joy discusses the complexities that arise when individuals in a relationship come from diverse financial backgrounds, acknowledging that such differences are frequently the seedbed for conflict.  Joy's insights shed light on people's silent struggles when discussing earnings, identifying money as a cornerstone of personal identity that people fiercely guard.   Please enjoy my conversation with Dr. Joy Lere.  Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn, Instagram, and Facebook. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

Shaping WealthThe Geometry of Wealth: How to shape a life of money and meaning by Brian Portnoy: https://amzn.to/48snjJL (Amazon)How I Invest Money: Finance Experts Reveal How They Save, Spend and Invest by Brian Portnoy https://amzn.to/3SncdA9 (Amazon)The Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice by Briand Portnoy https://amzn.to/48KiFqY (Amazon)

On today's podcast, we take a look at Canada's wealth management landscape and how it continues to evolve and change. Carlos Cardone, Senior Managing Director at Investor Economics, leads the discussion today as he highlights the on-going high interest rate environment, how that affects household financial wealth and where Canadians are choosing to invest their money. Carlos also highlights how saving dynamics have shifted amongst Canadians and how Canada's high net worth trends compare to global trends. Recorded on November 29, 2023. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics' Advisor Digital Experience Study.

Ever wonder what causes you to fight with your spouse about finances, or to envy your neighbor's newer car and bigger house? Dr. Joy Lere, a licensed clinical psychologist and co-founder of Shaping Wealth, is here to break down the "why" behind our behaviors and issues surrounding money.You can find more episodes of Common Cents on the Prairie™ on Apple Podcasts, Spotify, YouTube, Google Podcasts, Amazon Music, and on our website.Watch every episode on YouTube, and subscribe to First National Bank's channel!Follow First National Bank on FacebookFollow First National Bank on InstagramFollow First National Bank on TikTokFollow First National Bank on Twitter

In today's episode Steve and Colin interview Brian Portnoy. Brian is a founder of Shaping Wealth, an accomplished author, and just an all around good person with lots of knowledge. Brian breaks down wealth management to ask the question…am I going to be ok? Listen in to find out more and enjoy the show.

In this episode of The Active Advisor, host Bryan Moore, ETF Capital Markets Expert at Harbor Capital, is joined by Brian Portnoy, CFA and Founder of Shaping Wealth, a learning technology platform transforming the human experience of money. Brian Portnoy, Ph.D., CFA, is an expert in the psychology of money. He is also the founder of Shaping Wealth, an applied behavioral finance coaching and content platform serving the global wealth and investment industries. Join us as we discuss the following topics: -The difference between being rich and wealthy -Holistic wellbeing vs. portfolio outperformance -The only two questions that matter in client conversations -How to adapt to the evolution of changing advisor - client relationships -Building human-centric wealth cultures -Emotional intelligence and why it matters

Joy Lere, Psy.D | Licensed Clinical Therapist | Co-Founder of Shaping Wealth BIO: Meet Dr. Joy Lere, a distinguished expert in the realm of money psychology. Dr. Lere is a licensed clinical psychologist and co-founder of Shaping Wealth. Her extensive experience includes research and clinical roles at Penn Medicine Princeton Health, Children's National Medical Center, and the Department of Defense. Additionally, she has served as an Assistant Clinical Professor in Clinical Psychology at George Washington University. Why You Should Listen: In this episode, Dr. Lere discusses the complex realm of money psychology. Her genuine approach makes the topic relatable and easy to grasp. Discover the vital role of self-awareness in navigating our personal money stories. Dr. Lere explains how self-awareness helps us connect emotionally with our financial experiences, paving the way for a life filled with purpose and joy. Dr. Lere explores the power of storytelling, the essence of financial well-being, and how to transform discomfort into valuable life lessons. Dr. Lere reminds us that true happiness comes from within and that financial well-being hinges on both safety and freedom. Highlights: Discover the power of storytelling in connecting with ourselves and others emotionally. Gain insights into financial well-being and learn what it truly means to become financially well. Explore the pivotal role of self-awareness in understanding our personal money stories and progressing from mere existence to meaningful growth. Uncover strategies for recognizing and overcoming financial anxiety, with a realization that discomfort can be a potent teacher. Learn how to identify and reconcile old financial behaviours and patterns to craft a new narrative for your financial future. Dr. Joy Lere emphasizes that true joy and happiness originate from within, challenging the common misconception of seeking external sources for contentment. Understand the foundation of financial well-being, rooted in the dual concepts of safety and freedom. Notable Quotes: "Being. Becoming." "Using our pain to create purpose." "Joy and happiness are an inside job." LINKS: Dr. Lere's clinical site: https://joylere.com/ Dr. Lere's Substack: https://joylere.substack.com/ Shaping Wealth: https://www.shapingwealth.com/

Today, I'm talking with Brian Portnoy – Founder of Shaping Wealth, CFA, and one of the world's leading experts at simplifying the complex world of finance. In this episode, Brian breaks down the psychology of money and its relationship to happiness in a way you've probably never heard. You'll learn how to help your clients rewrite their story around money and go from a constant quest for more, to building true meaningful wealth – or as he calls it, “funded contentment.”Rich is a number, but wealth is a mindset – and that is the theme of today's episode! 3 of the biggest insights from Brian Portnoy … The psychological relationship between money and happiness. Learn how to transform the way you speak with your clients and make them feel more seen, more heard, and more understood than ever before. Why ego blocks so many advisors from future success – and how to adapt a true growth mindset and shift from solo advisor to business owner. Will AI replicate and replace financial advisors? Brad and Brian share some thought-provoking ideas around what the future could hold for financial services – and how you should be thinking in order to survive and stay relevant in a rapidly changing world. JOIN THE DBDL INSIDER CREWTo become a DBDL Insider and get VIP access to free resources and exclusive content, text "DBDL" to 785-800-3235. *Message and data rates may apply. Reply STOP at any time to opt-out of receiving text messages.SHOW NOTEShttps://bradleyjohnson.com/26FOLLOW BRAD JOHNSON ON SOCIALTwitterInstagramLinkedInFOLLOW DBDL ON SOCIAL:YouTube - Full InterviewsYouTube - Clips from the ShowTwitterInstagramLinkedInFacebookDISCLOSURE These conversations are intended to provide financial advisors with ideas, strategies, concepts and tools that could be incorporated into the advisory practice, advisors are responsible for ensuring implementation of anything discussed is in accordance with any and all regulatory and compliance responsibilities and obligations.

This week, I have the pleasure of interviewing Brian Portnoy, a renowned expert in behavioral finance and author of bestselling books like "Geometry of Wealth" and "The Investors Paradox." We delve into the fascinating idea that the game of investing has been solved, with the new frontier being the pursuit of funded contentment instead of chasing alpha. Tune in to the podcast available on YouTube, Apple, or Spotify to catch the insightful conversation.Do you understand the psychology of money? What does true wealth mean to you? Getting a healthy money mindset is difficult because our brains aren't wired that way, but with the right help, you can work to achieve it.In this episode of The Capital Stack, we have Brian Portnoy, a leading expert on the psychology of money, best-selling author, and has over 20 years of experience as an investor and educator in the hedge fund and mutual fund industries. He is also the founder of Shaping Wealth, a learning technology company focused on promoting financial well-being.Listen in to learn how Brian and his team use the geometry of money to teach money managers soft skills so they can have a better relationship with their clients. You will also learn about the four sources of contentment mental model and how financial advisors use it to frame better questions about what's important to people.What You Will Discover:· [02:24] Brian on how he accidentally fell into a career in the psychology of money.· [05:15] The reasons why money triggers people and makes it harder for society to talk about it.· [10:53] How his idea of wealth as a mindset versus rich as a number led to an opportunity to train money managers.· [12:51] The soft skills they teach financial advisors to enable them to have better conversations with their clients.· [16:48] He explains the relationship between wealth managers and their clients.· [20:04] The business challenge between delivering the type of advice people want and figuring out scale.· [22:30] Why he's excited about building the leading platform for human-centric financial advice and experimenting with different technologies.· [26:10] The four sources of contentment mental model – connection, control, context, and competence.· [29:00] Random questions with Brian – book recommendations, writing process, and more!Memorable Quote:· “Money is hard because our brains didn't evolve to solve these problems and now, we live in a world of never-ending financial supermarkets, twenty-four-seven financial media, and trying to resist the siren calls dopamine hits that come from the money world.”- Brian [16:20]Connect with Brian:· Website: https://www.shapingwealth.com/· LinkedIn: https://www.linkedin.com/in/brianportnoy/Books Mentioned:· Geometry of Wealth by Brian Portnoy ·

Brian Portnoy is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money. It combines science and story to show people how to underwrite a meaningful life, and is the source of the term “funded contentment". He previously led investor education across a series of investment firms and prior to that was head of manager selection at a Chicago-based fund of hedge funds. Our conversation starts with a quick summary of Brian's background, his academic journey through politics, economics and sociology and his love of teaching. We trace this speciality into his career in investing, which always involved a deep involvement in learning and education, and then examine his research around wealth, and in particular the study of the goals of wealth management. Brian is credited with coining the term "funded contentment" and we establish what this is, and why the concept has resonated so well with his audience. We also dissect the current state of behavioral science and in particular examine the type of behavior that a chief behavioral officer might focus on. Brian asks whether we should be focusing on the "who" and not simply the "why" when it comes to analyzing a client's objectives. He posits that everyone has multiple versions of themselves now and in the future. He suggests that a really, really good financial plan is going to tap into those multiple identities and that requires the adviser to have some good questions prepared and some thinking on this topic. This is a robust and stimulating discussion about what matters for financial advisors, their clients and the future evolution of the industry. There is more information about Shaping Wealth and their Outsourced Chief Behavioral Officer program here: https://www.shapingwealth.com/ This podcast is brought to you with the kind support of Tom Raber and Alvine Capital, a specialist investment advisor and fund placement boutique with offices in London and Stockholm. An early adopter of the “reverse enquiry” form of placement, Alvine relies on insight and dialogue with its pan-European investor base to develop and source investment solutions from a wide variety of industry providers.

There's been a profound shift from strictly transactional to relationship-based advice in the financial industry. Brian Portnoy, founder of Shaping Wealth, explains what behavioral finance is and how it will impact your practice.

Brian Portnoy is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money. It combines science and story to show people how to underwrite a meaningful life, and is the source of the term “funded contentment". He previously led investor education across a series of investment firms and prior to that was head of manager selection at a Chicago-based fund of hedge funds. Our conversation starts with a quick summary of Brian's background, his academic journey through politics, economics and sociology and his love of teaching. We trace this speciality into his career in investing, which always involved a deep involvement in learning and education, and then examine his research around wealth, and in particular the study of the goals of wealth management. Brian is credited with coining the term "funded contentment" and we establish what this is, and why the concept has resonated so well with his audience. We also dissect the current state of behavioral science and in particular examine the type of behavior that a chief behavioral officer might focus on. Brian asks whether we should be focusing on the "who" and not simply the "why" when it comes to analyzing a client's objectives. He posits that everyone has multiple versions of themselves now and in the future. He suggests that a really, really good financial plan is going to tap into those multiple identities and that requires the adviser to have some good questions prepared and some thinking on this topic. This is a robust and stimulating discussion about what matters for financial advisors, their clients and the future evolution of the industry. There is more information about Shaping Wealth and their Outsourced Chief Behavioral Officer program here: https://www.shapingwealth.com/ This podcast is brought to you with the kind support of Tom Raber and Alvine Capital, a specialist investment advisor and fund placement boutique with offices in London and Stockholm. An early adopter of the “reverse enquiry” form of placement, Alvine relies on insight and dialogue with its pan-European investor base to develop and source investment solutions from a wide variety of industry providers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jennifer Barry is an investment advisor at Aaron Wealth Advisors in Chicago. She previously spent over 26 years at Citi, where she held a series of roles and focused on institutional equity sales most recently. We start with Jenn's upbringing in the suburbs of Detroit and the culture of owning restaurants in her family that instilled in her the value of a dollar, and a habit of hard work. We follow her love of sports (and volleyball in particular), discuss the coaches and support team that believed in her, and trace her path into finance. After a career in finance that was fast-paced and intense Jenn felt the need to make a change and after 26 years changed gears to become an investment advisor. We discuss how the focus of that has shifted from advising clients on their finances to advising them on their lives. We look at what this entails and how the role of a financial advisor is evolving to incorporate behavior - both of the advisor and the clients. There is a shoutout to the Building the Behavioral Advisor program hosted by our mutual friend - and upcoming podcast guest - Brian Portnoy and his team at Shaping Wealth and a discussion of how women in particular are serviced in the wealth advisory business. This podcast is brought to you with the kind support of Tom Raber and Alvine Capital, a specialist investment advisor and fund placement boutique with offices in London and Stockholm. An early adopter of the “reverse enquiry” form of placement, Alvine relies on insight and dialogue with its pan-European investor base to develop and source investment solutions from a wide variety of industry providers Aaron Wealth Advisors LLC is registered as an investment adviser with the Securities and Exchange Commission (SEC). Aaron Wealth Advisors LLC only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the adviser has attained a particular level of skill or ability. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jennifer Barry is an investment advisor at Aaron Wealth Advisors in Chicago. She previously spent over 26 years at Citi, where she held a series of roles and focused on institutional equity sales most recently. We start with Jenn's upbringing in the suburbs of Detroit and the culture of owning restaurants in her family that instilled in her the value of a dollar, and a habit of hard work. We follow her love of sports (and volleyball in particular), discuss the coaches and support team that believed in her, and trace her path into finance. After a career in finance that was fast-paced and intense Jenn felt the need to make a change and after 26 years changed gears to become an investment advisor. We discuss how the focus of that has shifted from advising clients on their finances to advising them on their lives. We look at what this entails and how the role of a financial advisor is evolving to incorporate behavior - both of the advisor and the clients. There is a shoutout to the Building the Behavioral Advisor program hosted by our mutual friend - and upcoming podcast guest - Brian Portnoy and his team at Shaping Wealth and a discussion of how women in particular are serviced in the wealth advisory business. This podcast is brought to you with the kind support of Tom Raber and Alvine Capital, a specialist investment advisor and fund placement boutique with offices in London and Stockholm. An early adopter of the “reverse enquiry” form of placement, Alvine relies on insight and dialogue with its pan-European investor base to develop and source investment solutions from a wide variety of industry providers Aaron Wealth Advisors LLC is registered as an investment adviser with the Securities and Exchange Commission (SEC). Aaron Wealth Advisors LLC only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the adviser has attained a particular level of skill or ability. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors.

This special Swift Chat comes to you live from the Social/Digital Hub at the 2023 Morningstar Investment Conference in Chicago - April 25-27. Hosts Marie Swift and Jonny Swift, along with Honorary Hubsters Shawna Ohm of Content 151 and Victor Gaxiola of TechGirl Financial, speak with some big names about why they love coming to the Morningstar Investment Conference, highlights from various presentations, as well as takeaways from the conversations happening in the exhibit hall. Guests Include: Leslie Marshall of Mesmerise Daniel Dusina of Blue Chip Partners Jamie Hopkins of Carson Group Brian Portnoy of Shaping Wealth Dr. Preston Cherry of Concurrent Financial Planning Tyrone Ross Jr. of Turnqey Labs Shana Sissel of Banríon Capital Management J. Alan Reid and Alex Thaler of Iconik

In this episode, Rory hosts a conversation with Dr. Joy Lere, a clinical psychologist and the Co-Founder of Shaping Wealth. They delve into the intricate nexus of behavior, psychology, and our complex relationship with money. The conversation explores how advisors employ psychology to improve client outcomes, marking a shift from technical training to fostering human connections. Dr. Lere explains the concept of the "Hedonic Treadmill" and discusses why people often find themselves trapped in its cycle, along with the psychological tools required to break free. Discover insights on how better management of your calendar and bank account can align your real-life actions with your stated priorities. Find out how Financial Advisors and CPAs can help navigate a lot of relational dynamics of clients that are simply being played out through money. Can you find out a person's money scripts by looking at their family's relationship to money? Do you want to know how to improve your emotional, physical, spiritual, and financial well-being? Find out the answer to these questions and more on this Shaping Wealth Episode with Dr. Joy Lere.

As financial professionals, we consider our clients' physical and mental health—but overlook the importance of our own. Brian Portnoy, founder of Shaping Wealth, sheds light on a difficult topic and how to make it a focus going forward.

Summary In this episode of the Human vs Retirement podcast, Dan interviews author and behavioural finance expert Brian Portnoy. Brian is an expert in simplifying the complex world of money, and they delve into his book "The Geometry of Wealth." Throughout the episode, Brian shares insights from his years of experience coaching and mentoring people on financial wellness, offering tips and wisdom on how to overcome the behavioural, emotional, and financial challenges of retirement and specifically delves into his contentment framework of the 4 C's. What You'll Learn The listener will learn about retirement planning, including the challenges of retirement, the importance of finding purpose beyond financial stability, and the four sources of contentment in life. The episode also discusses the relationship between money, work, contentment, and happiness, as well as the role of adaptation in retirement planning. Brian emphasises the need to question whose script you are living and to be an editor of one's own life narrative. The episode includes recommendations for resources and tools for retirement planning. About My Guest Brian Portnoy is the founder of Shaping Wealth, a financial wellness platform that engages with individuals and organisations to make better money decisions. In his two highly acclaimed books in the field of behavioural finance, The Investor's Paradox and The Geometry of Wealth, he tackles the challenges of making better financial decisions and figuring out how money fits into a joyful life. He has served as keynote speaker, seminar leader, and coach to thousands of investors on topics ranging from portfolio strategy to the connection between money and happiness. Brian has worked in the hedge fund and mutual fund industries for more than two decades. He is a CFA Charterholder, earned his doctorate at the University of Chicago, and serves on the advisory board for the Alliance for Decision Education. He lives in Chicago with his wife and three children. Find out more by going to www.humansvsretirement.com  

Summary In this episode of the Human vs Retirement podcast, Dan explores the psychology behind spending money in retirement with licensed clinical psychologist and co-founder of Shaping Wealth, Dr. Joy Leary. Joy shares her journey from the clinical couch to the world of money and provides valuable insights on how our mindset affects our spending habits during retirement. Together, they discuss the behavioural and emotional challenges of life after work and draw on years of expertise and experience to offer practical and thoughtful solutions. Tune in for an insightful conversation on the psychological impacts of spending money in retirement. What You'll Learn The psychological impacts of spending money in retirement The importance of understanding the psychology of money and how it impacts financial planning, balancing financial well-being with healthy spending habits The role of financial role models The challenges of transitioning from a regular income to retirement Taking advantage of our "go-go years" to spend money on what's important Balancing life span and health span The emotional and relational connections people have with money and assets The emotional attachment people have to their homes and how it can affect their financial decisions The importance of validation and knowledge when it comes to money decisions The importance of self-observation and experimentation in improving financial well-being Living life on one's own terms, investing in relationships, taking care of one's body, and getting enough sleep for a happy, healthy, and wealthy retirement. More about us: www.humansvsretirement.com      

It's Day Two of Money Life at Morningstar, featuring interviews from the Morningstar Investment Conference in Chicago. One of the themes of this year's event has been the rise and fall and rebirth of 60-40 portfolios and Catherine LeGraw, partner at GMO, takes the side that the default allocation is too blunt to work for everyone, leaving them with too much risk which ultimately short-circuits their ability to reach their goals. Also on this show, Steve Romick of the FPA Crescent fund, Morningstar's John Rekenthaler, John Hoffman of Invesco, Hunter Hayes of Intrepid Capital Management, Brian Portnoy of Shaping Wealth and Shana Sissel of Banrion Capital. Plus Tom Lydon of VettaFi with the ETF of the Week!

Jason Pereira talks to Brian Portnoy, Founder of Shaping Wealth and author of three books, including the must-read advisor book - The Geometry of Wealth. Brian is a well-known expert in the field of behavioral finance, and he will talk about what behavioral finance is and how it affects our decision-making and our relationships with the people advising us.Episode Highlights:07:16: We think of ourselves as kind of thoughtful, critical thinkers. But the fact is that the main elements of the brain are designed or evolved to basically regulate all the different biological or physical systems inside of us, says Brian.09:19: We see good financial planners enter their practices in day-to-day is dealing with people as who they are, as opposed to who in economics textbook said they should be, says Brian.11.21: Brian says that their brain is a gas guzzler, and it soaks up a ton of energy. It doesn't want to work that hard because we are constantly trying to be efficient, and in the way we use energy, it produces specific outcomes, especially in the context of our decision-making that are quite consequential.12:34: The brain tends to seek out information that merely aligns to what we were thinking before, says Brian.14:41: Jason has read in multiple places that the brain, when under stress performs worse and our IQ gets dumber when we are under prolonged stress and our ability to process information just diminishes.19.50: We need to stop pathologizing normal human behavior and just work with the people who show up in all their messiness and complexity, says Brian.21:27: Brian explains what they are doing with Shaping Wealth and how they are trying to move beyond that general construct of just understanding dump of information checklists.24:29: Each of us is born with a certain level of emotional intelligence, just like we have a certain IQ, and emotional intelligence is just not a trait that we're born with, it's a skill.3 Key Points:There is a whole stack of evolutionary remnants that are built inside of us that really do not map to the traditional economic man model.One of the unsung tasks of modern behavioral finance is that advisors get to know themselves as well or better than they are getting to know their clients and stop acting like some diagnostic expert.Positive psychology is a distinct field of psychology and the science of happiness. It's basically saying what are the inputs to a life well lived.Tweetable Quotes:"Behavioral finance is basically a science and a discipline that sits at the intersection of economics and psychology." - Brian"One of the key assumptions in traditional economics is that more is better, and from an empirical point of view, that's not the way we are wired." – Brian"If someone is coming to you because they think that you can pick investments better than the next guy, I think you have a competitive problem. But if they think that you are better at structuring the estate just perfectly, it's hard to distinguish yourself on those sorts of things." - BrianResources Mentioned:Facebook – Jason Pereira's FacebookLinkedIn – Jason Pereira's LinkedInhttps://www.shapingwealth.com/https://www.linkedin.com/in/brianportnoy/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Humans vs Retirement podcast, Dan is joined by Neil Bage, co-founder of Shaping Wealth, to discuss the subconscious behaviours that drive decision making in retirement. As a renowned expert in bridging scientific theory with real world understanding, Neil offers valuable insights into understanding and overcoming behavioural and emotional challenges of retirement. Together, Dan and Neil examine the intersection of the behavioural, emotional, and financial challenges that retirees often face and offer practical advice for achieving a happy, healthy, and wealthy retirement. What You'll Learn The listener will learn about the challenges of retirement, particularly the importance of understanding human behaviour and the need to maintain a sense of purpose and identity. The podcast emphasizes the importance of preparing early, identifying activities that bring happiness and fulfilment, and focusing on purpose and identity in retirement planning. Dan and Neil also discuss the cognitive changes that occur during retirement and the conflict between our present and future selves.   More about us: www.humansvsretirement.co.uk

Over the last year, the wealth management industry has faced extraordinary market conditions and macro-economic challenges, causing many firms to reconsider their operational strategies. New technology options and investment opportunities are all disrupting the status quo, so it's critical to pay attention to the subtle yet dramatic changes happening in the independent wealth space that … Continue reading The WealthStack Podcast: 5 Trends Shaping Wealth Management in 2023 With Tim Welsh →

In this episode, Bill ponders the changing of the guard within the investment landscape – a generational shift among investment professionals, the emergence of a new investor, and the impending tremendous transfer of wealth to come. He is joined by Brian Portnoy, Founder and CEO of Shaping Wealth, and a leading expert on the psychology of money. Fascinating discussion on money, minds, and markets. Listen in!

In this episode, Rory speaks with Dr. Jordan Hutchison from Shaping Wealth about behavioral finance and flow. Listen as Dr. Hutchinson talks about his research on flow and how it can be achieved by doing something that is enjoyable, intrinsically motivating, and has a defined goal. He also explains how to structure your day to increase the likelihood of entering a flow state, and why flow occurs when you're doing a task that is both challenging and requires a high level of skill. Listen as they discuss the concept of "identity" and how people like Tom Brady or those who retire can find fulfillment in other pursuits. Do you want to know how executives in flow are doing 10-15% more work? Do you want to know why behavioral finance is like gravity? Find out the answers to these questions and more in this FLOW episode with Dr. Jordan Hutchison.

Peachie Thompson, AALU, ALMI, ACS interviews Dr. Jordan Hutchinson of Shaping Wealth for part 2 of the "State of Flow".   What it means for advisors, business owners, employees, employers and clients.  They also talk about OCBO (Outsource Chief Behavioral Officer) and his recently published research.

FPA Massachusetts Past President Jeff Tomaneng is joined by educator, entrepreneur, writer, and investor, Brian Portnoy, CFA®. Brian is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money, combining science and story to show people how to underwrite a meaningful life through "Funded Contentment." https://www.shapingwealth.com/ https://www.linkedin.com/in/brianportnoy/ https://twitter.com/brianportnoy

Brian Portnoy, best-selling author and founder of Shaping Wealth, joins The Express to talk about how financial planning is evolving to become more holistic, and how we are rethinking our definitions of wealth. Plus, 2023 gave investors just about all we could handle, so what's in store for the new year? We look around the bend at what's on the tracks in 2023. LINKS FOR SHOW NOTES https://pitchbook.com/news/articles/merger-acquisition-deal-global-trends-q3-2022 https://www.investopedia.com/surveying-the-investor-landscape-for-2023-6835785 www.spglobal.com/marke...960244 www.investopedia.com/terms/c/capitulation.asp https://www.shapingwealth.com/ https://www.amazon.com/stores/Brian-Portnoy/author/B00E9B8W74

Brian Portnoy, best-selling author and founder of Shaping Wealth, joins The Express to talk about how financial planning is evolving to become more holistic, and how we are rethinking our definitions of wealth. Plus, 2023 gave investors just about all we could handle, so what's in store for the new year? We look around the bend at what's on the tracks in 2023. LINKS FOR SHOW NOTES https://pitchbook.com/news/articles/merger-acquisition-deal-global-trends-q3-2022 https://www.investopedia.com/surveying-the-investor-landscape-for-2023-6835785 www.spglobal.com/marke...960244 www.investopedia.com/terms/c/capitulation.asp https://www.shapingwealth.com/ https://www.amazon.com/stores/Brian-Portnoy/author/B00E9B8W74

BIO: Brian Portnoy is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money.STORY: Brian joins us again on the podcast. This time he talks about his endeavors in behavioral finance and how he's helping financial advisors improve their emotional competencies to achieve financial well-being more effectively.LEARNING: Put thought into your financial well-being. “The driving assumption of most economics is that more is better. We know that that's not true.”Brian Portnoy Guest profileBrian Portnoy is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money.He is one of the world's leading experts on the psychology of money.He has written multiple bestselling books, including The Geometry of Wealth, and has 20+ years of experience as an investor and educator in the hedge fund and mutual fund industries.He is a CFA Charterholder and earned a Ph.D. at the University of Chicago.Brian Portnoy was one of our first guests on the My Worst Investment Ever podcast. He shared his experience with us in episode 17. Four years later, he joins us again, and in today's episode, we catch up on what he's been up to.Getting into the world of social psychology, neuroscience and behavioral financeBrian got into social psychology, positive psychology, and neuroscience. he wanted to understand how we tick as human beings, what makes us have shared qualities and experiences, and what makes us unique. He enjoyed that endeavor of learning so much that he wrote a few books in the field. One's called The Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice.A few years later, Brian published a different book called The Geometry of Wealth: How to shape a life of money and meaning. The book is about behavioral finance and targets professionals in the wealth management industry. The book seeks to address three issues these professionals face:Am I going to be okay?How much is enough?Does money buy happiness?The uniting theme of these three issues is the term funded contentment. This is the ability to underwrite a life well lived, a life that is meaningful to you—however you choose to define it. There's this assumption of most economics that more is better. According to Brian, this is not valid. Instead, he believes it should be about finding calibration and balance in equilibrium more than maximizing things, especially the size of our bank accounts or balance sheets.As brian dug deeper into behavioral finance, he felt the urge to get into coaching. So he started a coaching and content platform called Shaping Wealth. He took some of the key ideas from The Geometry of Wealth and used them in his coaching business to help people make better decisions, form better habits, and achieve a more meaningful life with a specific emphasis on financial well-being.Dealing with overwhelming dimensions of...

This week we're joined by Jordan Hutchison, Head of Product at Shaping Wealth. Jordan is an industry expert in the financial technology and financial planning profession. Jordan has held many leadership roles within the industry and has many academic accolades in particular a Doctorate in behavioral science, specifically in positive psychology.Jordan joins us to discuss his expertise in Flow Theory, the art of "getting in the zone" and how you can use this theory in both your business and with your clients. In this conversation we cover: What flow theory is and how you can harness it at work, at home and with your clients. The impact of flow theory on advisor and client wellbeing What frameworks you can use with yourself and your clients to find what gives you flow, energy and fulfilmentKey questions you can use in client appointments to help clients discover what gives them the most fulfilment in lifeHow to harness what gives your client's energy into "snackable" actions to help close the action/intention gap.To learn more about how Lumiant can help you engage clients with values based advice visit www.lumiant.io

It is no secret that this has been a tough year for most investors. On this episode, Rabbi Pont is joined by his long-time friend Dr. Brian Portnoy, founder of Shaping Wealth, to explore the psychology of being wealthy and the many emotions that shape our personal views on financial success.

In this episode, we sit down with Joy Lere, Co-Founder of Shaping Wealth. Joy is a clinical psychologist, founder, consultant, educator, writer - and she has a incredibly unique point of view on how advisors can create more self awareness in their practice to improve their client relationships.  Shaping Wealth just launched a new program, OCBO, your Outsourced Chief Behaviorial Office. You can learn more about it here: https://www.shapingwealth.com/ocbo

I recently completed Shaping Wealth's "Building the Behavioral Advisor" program and it was one of the most transformative experiences of my career. My goal today is to talk with you about a few things I've learned and how they APPLY to our personal financial lives. I can't wait to share more of what I've learned and exercises to help you help yourself.   Questions? Email me: Mike@ngpfp.com

Will the real Portnoy please stand up? This week's guest may not be rating pizzas worldwide in one bite, but he is an expert at simplifying the complex world of money — we're sitting down with the one and only Brian Portnoy, Ph.D., CFA. Brian(@brianportnoy) is the founder of Shaping Wealth, a coaching and content platform inspiring financial well-being globally. He also has multiple bestselling books on the psychology of money, most notably The Geometry of Wealth (which has been published in 8 different languages.) For this interesting chat, Jeff and Brian dive into YOLOers needing to take some form of agency, where Crypto falls in the 7 dimensions of money life, behavioral conversations (rich vs. wealthy), Financial literacy, the happiness equation, investment expectations, and so much more! Plus, we get exclusive insight into how Brian is "Shaping Wealth" — SEND IT! Chapters: 00:00-01:49 = Intro 01:50-08:00 = The Real Portnoy 08:01-20:06 = Taking some form of Agency & Does Crypto fall into the 7 Dimensions of money life? 20:07-36:36 = Behavioral conversations, Rich vs Wealthy: the Geometry of Wealth & Achieving funded contentment 36:37-46:59 = Youth financial literacy & Behavioral bias with institutional investors 47:00-01:02:10 = The happiness equation, Investment expectations & Offense vs Defense investing 01:02:11-01:08:43 = Behavioral framework Follow along with Brian on Twitter @brianportnoy and for more information on Shaping Wealth, please visit shapingwealth.com Check out Brian's book, The Geometry of Wealth Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

Whether you realize it or not, your views on money are rooted in your early life experiences. Those views impact your financial decisions and your emotional and financial well-being. So, it's important to become aware of the money lessons that shaped you, define what financial well-being means to you, and prioritize funding contentment. Tune in to learn how!   In this episode of Off The Wall, hosts David Armstrong and Jessica Gibbs welcome Dr. Joy Lere, Licensed Clinical Psychologist, Behavioral Finance Consultant, and Co-Founder at Shaping Wealth, to talk about boosting your emotional and financial well-being.   Listen in to learn the power of self-awareness in making informed, empowered financial decisions, how your survival instincts can impact your financial decisions, tips and advice on choosing a trustworthy financial advisor, and more.   “If there's something you're avoiding, [question] why that is… For some people, when it comes to managing their money, this is a very emotionally fraught thing. So, it can be anxiety-provoking.” – Joy Lere   Let us help you decrease your anxiety around money and stick to a realistic wealth plan.   Episode Timeline/Key Highlights: [00:50] Introducing Joy Lere & The topic of today's episode. [02:22] How our understanding of money early in life impacts our adulthood. [06:38] At what age do kids start understanding conversations about money? [08:40] Families develop unspoken rules about finances. How do these shape your financial behaviors? [10:39] Why is creating and sticking to a wealth plan so hard for me? & How to overcome the lack of motivation and drive to start a wealth plan. [14:19] A skilled financial advisor understands the psychology of money. [15:25] The importance of sticking to your values and defining financial well-being for yourself. [20:09] How to focus on your present financial well-being AND your future wealth, even after financial trauma or feelings of scarcity. [24:20] How to choose a trustworthy financial advisor. [31:50] When to listen to (or ignore) your survival instincts when making financial decisions. [34:01] How to test whether or not your financial advisor has good intentions.   Relevant Resources & Episodes Mentioned: Learn about Shaping Wealth: https://bit.ly/shapingwealth-pod   About Joy Lere: Joy Lere, Psy.D. is a licensed clinical psychologist and behavioral finance consultant with a practice in Napa, California. She previously served as an Associate Clinical Professor of Clinical Psychology at George Washington University and held clinical and research positions at Children's National Medical Center, the Penn Medicine Princeton Health, and the Department of Defense. Joy is the Founder of Shaping Wealth, a learning platform that's transforming the human experience of money through original content on money, minds, and markets.   Connect with Joy: Visit Joy's website: https://bit.ly/JoyLerePE Follow her on Instagram: https://bit.ly/JoyLereIG-PE Follow her on Twitter: https://bit.ly/JoyLereTW-PE Connect with her on LinkedIn: https://bit.ly/JoyLereLI-PE Subscribe to her blog, Finding Joy: https://bit.ly/JoyLereBlog-PE   Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite Follow us on Instagram: https://bit.ly/MonumentWealthIG Follow us on Twitter: https://bit.ly/MonumentWealthTW Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI Connect with us on Facebook: https://bit.ly/MonumentWealthFB    Subscribe to our blog: https://bit.ly/MonumentWealthBlog   About “Off the Wall”: Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.    Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.   Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.    

Brian Portnoy, PhD and author, is the founder of Shaping Wealth—a learning technology platform transforming the human experience of money. In this episode, he shares his personal journey to funded contentment and how his coaching and content of Shaping Wealth is helping advisors to do the same with their clients. Brian works with advisors and HR in companies and universities to create financial well-being programs and reach simplicity in the complex world of money. Website: https://www.shapingwealth.com/Brian's Portnoy's LinkedIn: https://www.linkedin.com/in/brianportnoy/Brian's Portnoy twitter: https://twitter.com/brianportnoyBrian Portnoy's book: The Geometry of Wealth

The happiness and contentment we feel surrounding money doesn't end with the number in our bank account. Take it from Brian Portnoy, founder of Shaping Wealth, a financial wellness company that helps clients make smarter financial moves. Brian understands the psychology behind financial decisions as much as he does the strategy behind investment. For instance, as human beings, we instinctively compare ourselves to others, seeking comfort in status and discomfort when our social media is flooded with 18-year-old billionaires rich off crypto. But how can we learn to mute the comparison triggers all around us? And why do growth-focused goals keep us grounded?  Brian talks with Doug and Greg about navigating the comparison landscape, why money is still taboo, why unlimited freedom has led to increased paralysis, and the difference between being rich and being wealthy. Key Takeaways [00:17] - An introduction to Brian.  [01:11] - Why Brian believes money is a taboo subject. [02:32] - Does insecurity around discussing money correlate with general financial insecurity? [04:27] - Why social media has decreased society's contentment surrounding their finances.  [07:52] - The dangers of comparison and Brian's perspective on differing financial priorities amongst generations.  [12:04] - How Brian approaches goal-setting and disciplined progress. [19:23] - The power of purpose.  [21:31] - How to live a meaningful life and spend accordingly.  [26:28] - How investors can stay grounded amidst a volatile world and a volatile market.   Quotes [06:12] - “There's a quote I love from J.P. Morgan, the original John Pierpont Morgan from whatever it was 100 years ago, where he said, ‘Nothing corrupts your financial judgment more than the sight of your neighbor getting rich.' It wasn't that long ago that your neighbor was the guy across the street. Now your neighbor is every person on Facebook and TikTok and Snap and LinkedIn and Twitter. Everybody is everybody's neighbor and we're going a little bit bonkers with it.” ~ @brianportnoy  [16:26] - “What goals do from a negative perspective is they tee us up for emotional disappointment. Because no matter how good, or frankly how bad, a particular outcome is, we tend to revert to type, and then we say, ‘what's next?' Because we are foundationally growth-oriented creatures. And wherever we get, we want to get further.”  ~ @brianportnoy  [22:21] - “I think what anyone can do to figure out where money fits into a meaningful life and have those goals be more emotionally resonant, is to think about purpose, is to think about meaning.” ~ @brianportnoy  Links  Brian Portnoy Shaping Wealth The Geometry of Wealth The Investor's Paradox  Alliance for Decision Education Growth Without Goals by Patrick O'Shaughnessy Twitter Los Angeles Lakers Lebron James Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

How does an investment researcher go on to start a technology platform that teaches advisors and investors how to underwrite a meaningful life? Find out in our latest episode of CXO featuring Brian Portnoy, Founder of Shaping Wealth. Hear Brian's reflections on: Inspiring financial wellbeing through story and science.The role of financial education for investors.What it means to have funded contentment.Flipping the inherited advisor script.Is the hedge fund industry heading for a regime change?The pandemic's effect on investment attitudes Follow Brian Portnoy: LinkedIn, TwitterFollow Shaping Wealth: LinkedIn, Twitter, WebFollow CAIS: LinkedIn, Twitter, Facebook

In this episode I chat to Neil Bage who shares his journey from life guard and compère at Butlins in Bognor Regis to co-founding Shaping Wealth, a learning technology platform transforming the human experience of money. He has served as a Chief Behavioral Officer in the UK and was the founder of a multi-award-winning behavioural technology business. Neil speaks with passion about his fascination around human behaviour and the tech based tool he developed to help financial planners really understand their clients. He explains how the financial services industry should be inverted to really focus on the clients and the power of better conversations. Neil shares his experience of ‘real success' and shares a deeply personal story to illustrate the beauty of contentment and the yin and yang of life. Finally, Neil shares his best money purchase for around £30 and his Money Pearls of Wisdom. Sit back, grab yourself an espresso (or drink of your choice!) and enjoy the conversation. • Neil can be found on LinkedIn here - https://www.linkedin.com/in/neilbage/ • Find out more about Shaping Wealth here - https://www.shapingwealth.com/ • You can find Neil's excellent Bitesize Behaviour podcast here - https://podcasts.apple.com/sg/podcast/bitesize-behaviour-podcast/id1534284786 If you would like to talk about your money matters do feel free to contact me on: • Twitter - twitter.com/RuthSturkey/ • LinkedIn - www.linkedin.com/in/ruthsturkey/

"Rich" is a number, "wealth" is a mindset.   Dr. Brian Portnoy, one of the world's leading experts on the psychology of money, joins the podcast to discuss his book The Geometry of Wealth: How To Shape a Life of Money and Meaning. Brian explains how money fits into your happiness and the life you want to lead (not the other way around)—it's what he calls "funded contentment." Brian also answers the big questions: Does money buy happiness? And how do you strike the balance between more and enough?   Learn more about Brian and his company Shaping Wealth, which creates behavioral content and courses for financial advisors and employers looking to help clients achieve financial wellbeing, at www.shapingwealth.com. And follow him on Twitter @BrianPortnoy.   Learn more about Monument Wealth Management at: www.monumentwealthmanagement.com   Important Disclosures: https://monumentwealthmanagement.com/disclosures    

With behavioral finance only formally discovered as early as 50 years ago, there's been almost a lack of conversation around it. At the end of the day, after people invest, the question that's asked runs more along the lines of “Is this enough?” and, “Am I going to be okay?” In this episode, I'm joined by Brian Portnoy, the founder of Shaping Wealth, and the author of books that discuss and talk about behavioral finance. With over 15 years of experience, Brian coined the term funding contentment as a way to really hook people into understanding the relevance of how our earning abilities affect both our happiness and our peace of mind. Jump in on our conversation as Brian shares with us how we can underwrite a life that is meaningful to us! Highlights >> What is Behavioral Finance >> Funding Contentment >> Brian's Business and Books >> The advisor's role in a dynamic wealth industry >> Brian's motivations Connect with Susanne: >> https://www.shapingwealth.com/ (Website | Shaping Wealth) >> https://www.linkedin.com/in/brianportnoy/ (LinkedIn | Brian Portnoy, CFA) If you loved this episode, you have to listen to these episodes as well:  >> https://minority-money.captivate.fm/episode/building-a-financial-planning-firm-with-valerie-rivera (Episode 145: Building a Financial Planning Firm with Valerie Rivera) >> https://minority-money.captivate.fm/episode/life-planning-with-george-kinder (Episode 142: Life Planning: Looking Beyond Finances with George Kinder) >> https://minority-money.captivate.fm/episode/making-the-financial-industry-more-inclusive-with-lazetta-braxton (Episode 68: Making the Financial Industry More Inclusive with Lazetta Braxton)    I'm sure you're getting tons of value from the podcast! Don't forget to subscribe on Apple Podcasts (https://apple.co/3jN77Mv) , Spotify (https://spoti.fi/3jParH0) , Google Podcasts (https://bit.ly/3n3i8vb), or on your favorite podcast app and SHARE THIS

Tune in to hear:- Dr. Portnoy says we've created a “Behavioral Finance entertainment complex that does very little to help real people make real decisions.” What does he mean by this?- Do you think we overlook the good behavioral finance has done because the good is subtle and simple?- What does he see as the good, the bad and the ugly of “nudging?” How can or can't it be applied to the field of wealth management?- How can we make the distinction between normalizing clients' maladaptive behaviors without condoning the actions?- What are some tips on how to move towards a more empathic practice and what does empathy look like in the context of an advisor-client relationship?www.shapingwealth.comTwitter: @brianportnoyCompliance Code: 0534-OAS-3/29/2022

Finances are an important piece of wellbeing, but holistic wellbeing also considers your physical, emotional, and spiritual health as well.   Joy Lere, a licensed clinical psychologist and co-founder of Shaping Wealth, joins the show to discuss these issues.   Listen now and learn: The importance of holistic wellbeing The emotional burden of retirement The importance of self-care     Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.  

On today's episode I speak with Brian Portnoy, Founder and CEO of Shaping Wealth. Brian is one of the world's leading experts on the psychology of money. He is a CFA Charterholder and earned his PhD at the University of Chicago. Brian has written multiple bestselling books, including The Geometry of Wealth and How I Invest My Money with Josh Brown. Brian has over 20 years of experience as an investor and educator in the hedge fund and mutual fund industries. He now he helps thousands of advisors understand behavioural finance and communicate more efficiently and effectively with their clients. In today's episode we discuss:·        Whether money can buy happiness·        Brian's 4C's to building a meaningful life·        What's the difference between being rich and being wealthy·        Investing vs Speculating·        Why luck is more important than you think If you enjoy today's episode please drop us a rating and a quick review, it goes a long way as we continue to grow the podcast. Finally, if you have any guest suggestions feel free to leave them in the comments or drop me a message, my DMs are always open. 

Brian Portnoy is the founder of Shaping Wealth, a learning technology platform transforming the human experience of money. Brian has written multiple bestselling books on the psychology of money: How I Invest My Money (2020), The Geometry of Wealth (2018) and The Investor's Paradox (2014).   Listen now and learn: The difference between being rich and wealthy How we fail in funding a meaningful life Ways to bring balance to your money life     Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

Welcome Back to the Wealth Actually Podcast- This episode marks a big milestone.  We have hit the 100th EPISODE. I was pleasantly surprised to see that we have been downloaded in all 50 states and 114 countries. A big thank you to everyone who listens. As always, it's great for the show's momentum if you subscribe, leave reviews and share. For this 100th episode, I'm thrilled to have my friend, BRIAN PORTNOY, on the podcast. We talk about the next phase of behavioral psychology in the wealth management industry, the formation of his new company, SHAPING WEALTH, and his entrepreneurial journey. Brian is one of the world's leading experts on the psychology of money.   He has written multiple bestselling books, including The Geometry of Wealth, https://www.amazon.com/Geometry-Wealth-shape-money-meaning-ebook/dp/B07CXS9NLG/ Brian is a CFA Charterholder and earned a PhD at the University of Chicago. Last but certainly not least, he is the founder of the wealth education firm, Shaping Wealth which we're going to talk about here. SHAPING WEALTH -Describe what "Shaping Wealth" does? How is it grounded in your book's teachings? -What is the problem that the Wealth Advice industry has that SA is addressing? -How does reframing the psychology of "enough" advance financial advice for people? -How do advisors evolve to think more "psychologically" and with longer term legacy time horizons? - How does Shaping Wealth integrate with the tools that advisors use to advise their clients? -The entrepreneurial path- what is it like going down this road? -What is the experience of building a company off of your vision/IP? -What has been fun? What has been challenging? OUTRO - How do we stay in touch? How do advisors reach out to you? SHAPINGWEALTH.COM @BRIANPORTNOY on twitter https://twitter.com/brianportnoy https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT/

On the heels of the #XYPNLIVE conference, in this episode, we share what we saw, heard, and discussed as it relates to the biggest advisor and wealth tech trends.  We cover everything from the future of conferences, why advisors need to niche now, and what new products are popping up to serve both investors and advisors.  www.thesevengroup.com www.xyplanningnetwork.com 

Our world has changed dramatically over the past 18 months. The wealth management industry is no different. In this episode, Laura Gregg and David Partain talk with Mark Bruno, Managing Director of Wealth Management at Informa Connect. Mark talks about his new role in expanding and growing WealthManagement.com, Inside ETFs and Inside WealthStack. He also … Continue reading Ep 64: Trends Shaping Wealth Management Today – With Mark Bruno →

Our guest today is Dr Joy Lere, clinical psychologist and co-founder of Shaping Wealth. In todays episode, Joy talks about how every part of a clients wellbeing is connected and why her and her co-founder Brian Portnoy founded Shaping Wealth. Joy also talks about how marrying up gets you access to the best tacos on planet Earth.

Joy Lere, Psy.D., is a clinical psychologist and a co-founder of Shaping Wealth, a learning platform that helps advising professionals and corporate organizations navigate the emotional work required to achieve financial plans. She spoke with Hannah Moore, CFP®, about three key strategies that every planner should use to meet their client's psychological needs. They also discuss how to avoid burnout caused by the intense emotional demands of our profession.

In this episode, we sit down with Nicole Casperson, FinTech Reporter for Investment News, content producer for the podcast Her Success Matters, and co-host of TechStack, a podcast all about wealth tech. I've been following Nicole for a while now – she's always been ahead of the game when it comes to trends, news, and information regarding the wealth tech space, so I wanted to sit down with her to pick her brain on what she's seeing in the space now and in the future.

What has the pandemic taught us about wealth and what my guests today refer to as 'funded contentment'? I'm delighted to welcome back to Informed Choice Radio two of my favourite people from the world of behavioural finance. Brian Portnoy is one of the world's leading experts on the psychology of money.   He has written multiple bestselling books, including The Geometry of Wealth, and has 20+ years of experience as investor and educator in the hedge fund and mutual fund industries.  He is a CFA Charterholder and earned a PhD at the University of Chicago.  Neil Bage is an expert at bridging complex behavioral science with practical, tech-enabled application. He has served as a Chief Behavioral Officer for a UK-based financial planning firm and was the founder of an award-winning behavioral technology business. Neil has presented to thousands of business professionals around the world on human evolution, human biology, and behavioral psychology. As experts in psychology, finance, technology, and learning, Brian, Neil and their colleagues at Shaping Wealth combine science and story to show people how to underwrite a meaningful life. It's what they call "funded contentment." Here's my conversation with Brian Portnoy and Neil Bage of Shaping Wealth, in episode 555 of Informed Choice Radio.

This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global*. “Life – and investing – are more like poker than chess”. This week we had the honor to speak to none other than Annie Duke, former World Series of Poker champion, author of “Thinking in Bets” and “How to Decide”, and thought leader in the field of decision-making. Co-hosted by our good friend Brian Portnoy (founder of Shaping Wealth), the conversation covered: How planning for a life in academia led her into a successful poker career Applying her background in cognitive science to advance her game – Annie's “Aha! moment" Not all poker is created equal – tournaments, cash games, iterations, and strategic differences Nature vs nurture – cognitive flexibility and turning a hedgehog into a fox Cognitive Reflection Tests and why they may indicate a larger appetite for conspiracy theories The Dunning-Kruger effect, overconfidence and naïve realism The pervasive influence of the sunk cost fallacy and how we might keep it in check Group think, cognitive laziness and why most people tend to anchor to the first response they hear We also explored the illusion of explanatory depth (and why often the answer lies within the question), the effects of tight feedback loops, and multiple applications for life and investment decisions. Towards the end we caught on to the fact that Annie had actually been incepting us with ideas from her new book all along. We had been looking forward to this conversation for some time and it exceeded our expectations. Thank you for watching and listening. See you next week.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

Financial Wellness expert and Founder of Shaping Wealth,Brian Portnoy, comes on the show to talk about his book and new business, how he invests his money, and "funded contentment". Follow Resilient Advisor™ On Social: -- Twitter: https://twitter.com/sjaycoulter -- Facebook: https://www.facebook.com/resilientadvisor -- LinkedIn: https://www.linkedin.com/in/sjaycoulter -- Instagram: https://www.instagram.com/sjaycoulter Learn more about Resilient Advisor™: https://www.resilientadvisor.com © Resilient Advisor. All Rights Reserved

Have you ever wondered how the financial experts and pundits who advise on how we should invest our money do, indeed, invest their own? An unprecedented new book from behavioural finance expert and founder of the financial wellness platform Shaping Wealth, Brian Portnoy, and co-founder and chief executive of Ritholtz Wealth Management, Joshua Brown, changes all that. In ‘How I Invest My Money: Finance Experts Reveal How They Save, Spend and Invest' 25 high-profile industry experts - including the authors - share the ‘whys' and ‘hows' of their investments. Brian joins me on the podcast to explain how the contributors' personal stories help reinforce the idea that every situation is unique, and investing is a matter of perspective. Virtually every essayist in the book offers an unapologetic example of investing in something that defies the laws of financial logic, which proves there are many ways to invest and that perspective is key. With engaging illustrations by previous podcast guest Carl Richards, Brian's book inspires readers to think creatively about their financial decisions and how money figures in the broader quest of a content life.