On this episode we talk with Jim Paulsen, a prominent economist and market forecaster, about why it’s “almost always” different.  This is a fascinating interview about why the Fed has been so wrong and explains why we are in a bull market.

John O’Connor and Allen Parker of JH Whitney discuss geopolitics, geostrategy, entanglement risk, and much more.

Special guests Dan Ives, legendary tech analyst, and Ryan Detrick join the pod.

In this episode recorded on 11/11/24, we discuss the markets, tech, Springfield, Ohio, selfies and Penn State with our guests.  Ryan Detrick, Chief Market Strategist for the Carson Group, talks about his use of data and seasonality of the markets.  Dan Ives, Global Head of Technology Research for Wedbush Securities, tells us why we are at 10pm in a party that goes till 4am for AI investing.  

Dan Ives is the Managing Director of Wedbush Securities and a globally recognized tech analyst who has covered the sector for several decades. He is a media darling with over 132k followers on X and appears on TV almost every day. Dan was also given the title of "Best Dressed on Wall Street" by the New York Post.

Ryan Detrick is the Chief Market Strategist for the Carson Group. He is well known for his unique style of using historical data to make future market predictions. Ryan has almost 163k followers on X and is also a regular media personality, appearing on many tier 1 financial news outlets.

Neil Dutta, Head of Economics and Partner, Renaissance Macro Research, discusses why the normal economic analysis was so wrong and his cautiousness at the moment with employment looking a bit soft.  

Jim and Talley suggest that this bull market has room to run with Neil providing insight into the Treasury secretary pick and the animal spirits investors are showing as the result of the Trump victory.  

If you are interested in what’s shaping the economy right now don’t miss this one!

This interview is with our own investment strategy committee leaders Jim Worden, CFA, CAIA, and CIO, Talley Léger, Chief Market Strategist, and Paisley Nardini, CFA, CAIA. We talk about their background, WCG’s investment process, markets, and working with advisors. We highlight working with outside consultants so we can incorporate the best of the best into our process.

We talk with Matt about everything crypto!  Blockchain, Bitcoin, NFT’s, Satoshi, and more!  An episode advisors don’t want to miss.

Russ Koesterich, CFA, Managing Director, Former Chief Investment Strategist and Head of Model Portfolio Solutions and currently in charge of an approximately $50 billion model portfolio franchise for Blackrock, gives us his perspective from the world’s largest asset manager. Russ provides unique insight for both the economy and the markets from the head chair of one of the world’s biggest portfolios.

In this episode with one of the most prominent females in finance, we discuss with Gina how to better support women in this industry as well as all employees.  Also included in our discussion is Gina’s outlook on interest rates, markets, inflation, stock prices, sectors, and the Florida Gators.  Bloomberg Intelligence is leading the way in research so you don’t want to miss this episode!

Libby Cantrell, head of U.S. public policy and a Managing Director in Pimco's portfolio management group, shares her insights on what to expect from the new administration come Jan. 20th and beyond.

This is a discussion where we flip the script and interview two outstanding journalists who are always doing the questioning. Listen to this pod to gain insight into what’s going on in the financial advice industry that you need to pay attention to as an advisor.  Toby and Ian are experts within the financial advisor space and great to follow for breaking news and relevant information.

Ryan and Sonu join Talley and Jim live from the Blue Vault Alts Summit in Dallas.  They have a great discussion about what may happen in the market next as the S&P 500 is on the brink of an official correction.  Listen and watch to all four of them as they see opportunities rather than a steep further decline.

What a honor it was to have Yie-Hsin join Paisley and Jimmy to discuss being an Asian-American and female on Wall Street in the C-Suite.  Her story inspires young women and minorities that dreams can come true in a male dominated industry.  They explore topics that range from being a leader to innovating new products.  Don’t miss this one!

Dr. Sahm of the famous Sahm rule is a highly regarded expert on monetary and fiscal policy advising the Federal Reserve, White House and Congress. Jim’s conversation with Claudia provides insight into the views of one of the most profound minds on Wall Street at a time when everyone is wondering if we are entering into a recession or in middle of an economic expansion.

Dr. Kelly is one of the most popular economists/market strategists followed by financial advisors.  He is also a media darling and has been covered by the tier 1 financial media consistently over his career.  In this episode we go into some interesting topics such as closing the wealth gap in the United States, a view from the top of the asset management arm of the largest bank, work from home and how it affects productivity, immigration, and of course his outlook for 2025.

Brian joins the pod and shares his story of starting a mutual fund company, managing some of the most successful funds in the business, and what he thinks  the market will do this year.  
He is a co-founder of Thornburg and starting this type of business in Santa Fe, NM over 40 yrs ago was not typical. It’s great to hear how being an entrepreneur in this industry can be so challenging but worth it.

Dr. Crosby talks about his new book “The Soul of Wealth”, why investors fail, how advisors can help, the  fascinating aspects of behavioral biases and how financial advisors can help their clients achieve positive outcomes!  Daniel’s ideas can be used right away to help shape how you approach each conversation with your clients and prospects.

We talk with Jeff about his journey as a founder of one of the fastest growing asset management businesses and beginning with a seed investment from Y Combinator, innovation with investment strategies that have come to market using options such as buffered ETF's, the future of investment management, and becoming a standup comedian.  Don't miss this interview with one of the smartest and funny people in this business and our bestie- Paul Francis Chang!

Peter Tuchman brings his energy to tell stories of trading at the NYSE and how it has changed during the last 40 years.  Mr. Tuchman has been working at the NYSE since 1985 beginning as a teletypist and then getting a seat at the famous exchange.  He is passionate about teaching young investors how to trade through his academy.  He is a symbol for the NYSE and the great American success story.  Don’t miss listening to Einstein!

In this episode we talk with Sébastien about his new book, “The Psychology of Leadership”, how his team works together to make their allocation decisions, why opposing views are healthy, and exercising every day for 10 years!  Don’t miss this fascinating conversation with one of Wall Street’s most interesting people.

Bob joins the pod to discuss alts, macro, geo-politics, tariffs, tech, and what he learned at Bridgewater.  His new company is using machine learning to bring 2&20 type strategies to Main Street.

Liz Ann joins Talley, Jim and Paisley for a brilliant conversation with one of the most well known strategists in the business.  They discuss her beginning in the industry with Marty Zweig, women investors, markets, inflation and how to allocate your money right now!  Don’t miss this rich interview with another powerhouse industry veteran.

Jim and Talley discuss markets and the economy.  They express their views and why they think we are in the middle of another buying opportunity.  Contrarian to the current consensus they depart from the “recession is near” ideology being discussed by many popular economists and suggest that while the economy is slowing that the US may avoid entering into the big R.  Even if the US slipped into recession it could be short lived and equities have a chance for a strong rebound from these levels.

Adam joins Talley and Jimmy to discuss his views on the markets, entrepreneurship, the economy, and how he sees the rest of 2025 unfolding.

The WCG investment team riff about what's concerning investors and advisors right now.  We discuss tariffs- are they really inflationary?  What about the Fed- what will they do with cuts or no cuts?  Recession- yes, no or something else?  What sectors might perform better than others in this environment?  What about the Mag 7- is it still a good strategy?  What about bonds?  Join us in this discussion about what we think is important for advisors to be considering right now. 

Anh and Jimmy talk about how she began her career as an attorney then transitioned into financial planning at Goldman Sachs before starting her entrepreneurial journey founding Sagemint Wealth.  What you will learn from this conversation is how Anh acquired an advisory business and integrated the clients into her practice.  We also discuss being a female and minority executive in finance, her parents immigration into the United States and how that foundation has translated into her family’s mantra “Live Well, Do Good” and conclude by learning about Anh’s passion for integrating health and longevity into her life and business.

Listen to Jimmy interview Marc about what every independent financial advisor wants to know- what is LPL Financial’s vision and plan for the future of independent advice.  They discuss the Commonwealth acquisition, different affiliation opportunities with LPL, private equity, what the industry could look like in 10 years, and how advisors need
to position themselves for the unprecedented transition of founder advisors to the next generation.

The hits go on with Jason Hsu discussing international markets, US debt downgrade, tariffs and much more with Paisley and Jim.  Jason provides a great perspective on why the U.S. cannot pay off our debt and why our companies get labor overseas.  You don’t want to miss this very informative macro conversation!

Paisley and Jim talk with John about everything Alts.  John explains that CAIA’s goal is to make alternatives not alternative and more a standard.  The total portfolio approach (TPA) started  with researching and incorporating hedge funds many years ago and now includes all flavors of private investments.  As alts have exploded advisors can benefit by listening to John about optimizing the portfolio in today’s environment.   He explains how institutional investors are evolving their approach using the TPA.

In this episode, we talk about trade finance and the implications of tariffs. We talk about litigation finance, what it is and how it works. We talk about making some royalty income from streaming Elvis Presley. We talk about how Variant has a pulse on small business and may have a better read on the economy and the probability of a recession than large top-down macro shops. Finally, we talk about the structure of interval funds and how this might fit in a portfolio.

Jim talks with Eli about the energy transformation happening right now in the United States and abroad.  It’s an informational conversation about one of the most important foundational issues in business today.  Questions such as how do we power the AI revolution and what technologies will be the critical drivers of the evolution in energy are discussed.  The rapid change in how energy and power are sourced, produced, transported, and consumed is creating once-in-a generation investments across sectors including industrials, energy, materials, and technology.

Jim, Talley and Paisley have an insightful conversation with one of the investment and hedge fund industries legends.  Cliff shares his journey as the managing founder of AQR and the evolution of quantitative analysis.  As AQR’s investment strategies have taken off targeting high net worth investors Cliff talks about the innovation that has helped their company take the lead in working with investment advisors.  He also discusses his views around the economy and markets.  Don’t miss this episode with one of the best in the business.

One of the most intellectual discussions with a guest about all things money.  Jim, Talley, and Jimmy have a ball talking about the markets, the “Volmageddon” trade that netted $244m for Thiel Macro, Ai, Bitcoin, and more with Mike.   It’s a must listen to hear from one of the industries most celebrated investors among the hedge fund followers.  We also discuss the passive vs. active debate but in a way that considers very different aspects that are not spoken about frequently.  Mike’s new book coming out this fall/winter will provide a provocative view around this issue.

In this episode, Cathie Wood, CEO and founder of ARK Investment Management joins The Bull of Wall Street to explain why today’s innovation cycle is very different from the late-1990s tech bubble. She breaks down why the reality of technologies like AI, robotics, energy storage, multi-omics, and blockchain is here now, even as investors remain scarred by past manias. Cathie also dives into enterprise AI, Palantir’s role in transforming organizations, how ARK navigates drawdowns by concentrating into highest-conviction names, and what the world could look like in 10 years with autonomous vehicles, humanoid robots, and a fully financialized digital world.

What you’ll learn:

• Why the late-1990s tech bubble “came too early” and why this time the tech is actually ready
• How AWS, deep learning, and transformer models set the stage for today’s AI wave
• Why Cathie believes we’re closer to “1995 than 2000” in the AI adoption cycle
• How enterprise AI (and Palantir’s ontology layer) may disrupt traditional consulting and SaaS
• How ARK responds when innovation stocks sell off: concentration, scoring, and thesis risk
• Which incumbents are most vulnerable to disruption in software, banking, transportation, and healthcare
• How AI, digital assets, and quantum computing intersect — and what that means for Bitcoin
• Cathie’s 10-year vision: robotaxis, air taxis, Mars robots, healthspan breakthroughs, and a bigger digital economy

Chapters: 

01:07 – Cathie’s journey: from AllianceBernstein to ARK and the seeds of today’s tech

04:35 – Why this isn’t the 1990s all over again: costs, readiness, and investor scar tissue

07:04 – AI in the real world: consumer adoption, enterprise bottlenecks & Palantir’s ontology

13:11 – Navigating drawdowns: ARK’s scoring system, high-conviction names, and crypto exposure

17:35 – Managing critics, staying focused on original research, and being a hedge to value traps

21:25 – Disruption ahead: SaaS, banks, rails, pharma/biotech, and the shift from “sick care” to healthcare

25:46 – Digital assets, quantum risk, and why AI may invest more capital than quantum (for now)

28:45 – Cathie’s 10-year outlook: autonomy everywhere, space infrastructure, humanoid robots & the future of work

Guest: Cathie Wood, CEO & Founder, ARK Investment Management

Hosts: Jimmy Lee (CEO & Founder, WCG), Jim Worden (Chief Investment Officer, WCG), and Talley Leger (Chief Market Strategist, WCG)

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In this episode, Jim Paulsen, PhD-trained economist and Paulsen Perspectives author, returns to The Bull of Wall Street to decode one of the strangest economic periods in modern history. Jim explains why this bull market may actually still be in its early stages, how policy has been historically tight beneath the surface, and why easing could unlock a broadening beyond the mega-cap names. He also dives into the misunderstood relationship between AI, productivity, and the future of work, and why the long-term outlook may be more optimistic than headlines suggest.

What you’ll learn:

• Why Main Street sentiment looks like a recession despite rising markets
• How tech’s innovation cycle diverged from the traditional business cycle
• Why Jim believes this bull market behaves like an early-cycle advance
• How policy (rates, M2, yield curve, dollar) has remained too tight for too long
• Why small caps and cyclicals may be set for a catch-up trade
• How AI and productivity shifts could shape future growth
• Why the U.S. has a growth problem, not an inflation problem
• Jim’s long-term optimism for technology, global connectivity, and economic resilience

Chapters:

02:00 – Is this a new bull market? Sentiment, character, and early-cycle signals

06:00 – The sentiment puzzle: Why Main Street feels terrible while markets rise

12:00 – Tech vs. the rest: How the “new era” economy masked an old-economy recession

18:00 – Productivity, profits, and why tech may operate on its own innovation cycle

24:00 – Policy has been historically tight — and how easing could broaden the market

31:00 – Small caps, cyclicals, and the setup for a potential rotation

40:00 – AI: Productivity miracle, job fears, and long-term economic impact

53:00 – Recession fears, the Fed’s dilemma, and why growth—not inflation—is the bigger issue

01:04 – Jim’s long-term optimism: Technology, connection, and the next decade

Guest: Jim Paulsen, Paulson Perspectives 

Hosts: Jim Worden (CIO, WCG), Talley Leger (Chief Market Strategist, WCG), & Paisley Nardini (Investment Committee, WCG)

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Fred and Talley go all in on what’s happening in the markets.  As a former President of The Chartered Market Technician Association, Fred combines a  macro background to technical analysis.  The Fred Report provides research to his clients that includes financial advisors.  He currently likes some asset classes that present both attractive charts and value.  Don’t miss Fred and Talley discuss current markets and how technicals are blinking green in some areas that investors are not paying enough attention to.

Meb, Paisley, Jim and Talley riff about surfing, 351 ETF conversions, stock buy backs, shareholder yield, why Mark Cuban is wrong, and much more!  Meb is one of the best personalities in finance with a combination of knowledge and great communication skills.  Listen to our gang and Meb discuss why certain investment strategies are ripping today and some are not.  He likes being diversified right now- FYI! He's also hosting a surf event at Future Proof for those who are attending.  Don't miss Meb on The Bull of Wall Street!

Carley is a regular in the financial media being interviewed everywhere for her expertise in trading, options, commodities, and the markets.  She talks to Jim about how managing risk and her concerns about how deleveraging can affect certain products out there.  
It’s an important interview to get all investors to pay attention to risk.  Carley points out how all of the money that has been created and invested into the economy has created inflation in many assets. She also points out the trading strategies that many investors are using may be exposed to more risk than they think.  She also talks about Crypto brokerages and how some of them operate.

Zack is a venture debt investment fund manager and podcast host.  He is also an author with a very unique perspective being a part of some of the biggest bond trades of all time.  A.R.I. provides growth credit to the best VC-backed technology companies in North America. He was Director of U.S. Public Fixed Income at Sun Life Financial.  Prior to Sun Life, Zack was a corporate bond and credit default swap trader at Deutsche Bank.  During the GFC, he was an investment banker where he successfully underwrote and managed a portfolio of leveraged media, tech, and telecom loans at Scotia Bank.  

Zack talks to Jim and Talley about how venture debt works.  The strategy includes lending against revenue vs. hard assets for typical loans. In many cases it's the intellectual property that is used as the collateral for these loans.  Learn about why private lending has taken off and more specifically concerning the fast moving tech sector.  

Jan van Eck is the CEO of VanEck, an asset manager that been known since 1955 for identifying investment trends.  VanEck was one of the first U.S. asset managers to offer investors access to international markets and recognized early the transformative potential of gold investing, emerging markets, ETFs and digital assets. Today, the firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification.
Jan brings a unique approach and perspective to investing.  His quote, “Don’t settle for the conventional. Dare to be different.”

Chuck talks to Jim, Talley, and Jimmy about all of his amazing guests he’s had a chance to interview.  He believes that the Fed will not cut rates before the end of this year and gives us his reason why.  We explore the do it your self investor and if they have changed based on demographics.  He has written books about how to pick an advisor and provides great insight about investor’s with his many years of experience being a journalist first leveraging radio and now podcasts.

Listen to what makes Ed constructive on equities and also what risks he sees that could disrupt this bull market.   As the Chief U.S. Strategist for one of the industry’s most respected research firms, Ed shares with Jim and Paisley what their research shows that is forming his current views.  It’s a great listen on how the economy may shift and the markets may react.

In this episode, emerging markets specialist and Ethos Investment Management founder James Fletcher joins host Jim Worden to unpack how “Warren Buffett-style” investing can thrive in inefficient markets, and why pairing returns with real-world impact can be a durable edge. James shares how Ethos uses a global network of locally based analysts and BYU Pathway graduates to uncover under-covered opportunities, and how Young Investor Society grew from one inner-city classroom to 3,400 high schools in 80 countries.

What you’ll learn:

• How a boots-on-the-ground research model uncovers alpha in emerging markets
• Why small- and mid-cap stocks in places like India, the Philippines, Kenya, and Poland are so inefficient
• How the Ethos Pathway Fund structure ties management fees directly to funding analysts from underprivileged backgrounds
• The origin and global reach of Young Investor Society, and why high school students can be serious equity analysts
• Where James sees the most compelling EM opportunities over the next 3–5 years (India, Southeast Asia, “Mag-7-adjacent” tech in Taiwan & Korea)
• His nuanced take on China, EVs, and domestic champions vs. multinationals

Chapters:

02:05 – From Brazil mission to emerging markets investor: James’ path to Ethos

04:00 – Launching Ethos and building a locally based analyst team

07:00 – BYU Pathway and the Ethos internship: turning education into alpha

14:05 – Young Investor Society: from one LA classroom to a global program

29:00 – Real-world examples: Philippine ports, Kenyan telecoms, and finding mispriced quality

31:20 – Accessing India and other hard-to-reach markets

34:20 – EM vs. US: currencies, valuations, and why James is bullish on EM now

38:50 – China, EVs, and the rise of domestic champions

46:55 – Scaling the Pathway model and what’s next for Ethos

49:20 – How advisors and investors can think about EM allocations and get involved

Guest: James Fletcher, Founder & Chief Investment Officer, Ethos Investment Management

Host: Jim Worden, Chief Investment Officer, The Wealth Consulting Group

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In this episode, technical strategist and Fairlead Strategies founder Katie Stockton, CMT, joins hosts Jim Worden and Talley Leger to explore the discipline of technical analysis—how it complements fundamentals, informs risk management, and shapes portfolio strategy. Katie shares the story behind launching the Fairlead Tactical Sector ETF (TACK) and how she applies a systematic, long-term approach to identifying opportunities and managing drawdowns.

What you’ll learn:
  •  Why technical and fundamental analysis work best together
  •  How to apply trend-following and momentum without chasing noise
  •  Lessons from launching an ETF built for risk-aware investors
  •  How advisors can use sector rotation and cross-asset diversification
  •  Common mistakes advisors make when applying momentum or trend models
  •  Katie’s most under-appreciated indicators for gauging trend exhaustion

Chapters
02:00 – From CMT to entrepreneur: Katie’s journey to Fairlead Strategies
06:00 – Launching TACK: designing a risk-aware ETF
12:00 – Technicals vs. fundamentals: finding balance
18:00 – Sector rotation and market breadth
24:00 – Risk management and adaptive models
31:00 – The art of using indicators effectively
45:00 – How advisors can apply trend discipline in practice
58:00 – Katie’s most underrated tools and closing thoughts

Guest: Katie Stockton, CMT, Founder & Managing Partner, Fairlead Strategies
Hosts: Talley Leger (Chief Market Strategist, WCG) & Jim Worden (CIO, WCG)

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In this episode of The Bull of Wall Street, Jim Worden sits down with Adam Patti, CEO and Co-Founder of VistaShares, to explore how ETFs are evolving in the age of AI, electrification, and innovation supercycles. From creating one of the first hedge-fund-replication ETFs to building a new generation of active, rules-based products, Adam shares insights into how investors can capture the infrastructure powering artificial intelligence, and why transmission, cooling, and power distribution may be among the biggest opportunities in years.

The discussion also covers the concentration risk in major indices, the next phase of AI-driven capital spending, and how innovation in ETF design is meeting the demands of a fast-changing investment landscape.

What you’ll learn:

• Why 30% of an AI data center’s cost is cooling—and who’s profiting
• The “bill of materials” approach to ETF construction and why it matters
• Why AI infrastructure—not applications—will drive returns near term
• How electrification, energy transmission, and power are the next frontier
• The importance of real diversification as mega-cap concentration grows
• Lessons from launching IndexIQ and building successful ETF families

Chapters

02:00 – From Fortune Indexes to founding IndexIQ

03:46 – The early ETF era and selling to New York Life

05:33 – Launching VettaFi and meeting Tesla’s former president

06:50 – Building smarter AI ETFs with industry experts

08:37 – Mapping AI’s supply chain: the “bill of materials” approach1

0:11 – AI infrastructure vs. applications: where the profits are

11:19 – Power problem: generation vs. transmission opportunity

15:23 – Early innings of the AI supercycle

17:19 – Quantum computing, AI synergy, and what’s next

18:22 – Overlapping supercycles: AI, robotics, biotech, and space

23:14 – Inside VettaFi’s ETF families: growth, options income, tactical alpha

25:33 – Options income strategies and building stability26:17 – High-beta exposure and the “WILD” ETF

30:49 – Diversification, multifactor strategies, and position sizing

31:40 – Growing investor interest in options income

32:28 – Innovation pipeline: what’s next for ETFs

Guest: Adam Patti, CEO and Co-Founder of VettaFi

Hosts: Jim Worden, CFA, CMT, CAIA

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Cole Wilcox, Chief Investment Officer at Longboard Asset Management, discusses how to identify investments that may provide true diversification versus those that simply appear to. He also explains the difference between trend strategies and momentum approaches, and how stock-level trend following may help reduce correlation, improve tax efficiency, and enhance the overall client experience without relying on fully unconstrained futures strategies.

What You’ll Learn
  •  How to identify alternative investments that may provide genuine diversification.
  •  The difference between trend strategies and momentum approaches.
  •  How applying systematic trend techniques at the stock level may enhance portfolio diversification.
  •  The role of disciplined risk management and when allocations may shift toward short-term Treasury bills.
  •  How tax efficiency and loss-harvesting can vary between investment structures.
  •  Practical portfolio considerations for using multiple, uncorrelated alternative strategies effectively.

Advisors who are seeking ways to maintain diversification while improving the client experience with alternative strategies will find this discussion especially useful.

Chapters:

02:42 – Inside liquid alternatives and systematic trend strategies

06:12 – Market cycles, investor behavior, and risk awareness

09:20 – Trend vs. momentum: understanding the distinction

14:01 – The evolution of trend following and Longboard’s approach

16:51 – Why stock-level trend following may offer unique advantages

21:18 – How systematic risk management can guide shifts toward T-bills

25:21 – Building portfolios with diversification and discipline

27:29 – Tax efficiency and potential long-term investment implications

30:19 – How market dispersion and breadth can impact performance

33:11 – Managing whipsaw risk and maintaining process discipline

35:11 – Practical allocation insights and constructing an alt sleeve

39:04 – Avoiding redundancy in alternative strategies

42:07 – Balancing diversification goals with client experience

Guest: Cole Wilcox, CIO,  Longboard Asset Management
Hosts: Talley Leger, Paisley Nardini, CFA, CAIA, and Jim Worden, CFA, CMT, CAIA

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Few people have seen the financial advice industry evolve from as many vantage points as Andy Kalbaugh. Before becoming President of The Wealth Consulting Group, Andy spent over 25 years in the C-suite, including leading American General Securities and Mutual Service Corporation, and serving as Managing Director and Divisional President at LPL Financial—helping steer it to become the largest independent broker-dealer in the U.S.

In this episode, Andy joins Jimmy Lee to discuss the future of advice, what drives firm enterprise value, and how advisors can build businesses that last beyond them. From the role of technology and AI to the human side of client relationships, Andy shares hard-won insights on leadership, capital, and succession planning from decades at the top.

What you’ll learn:
  •  How technology is reshaping, not replacing, financial advice
  •  The four pillars of enterprise value every advisor should track
  •  Why building a repeatable business is key to freedom and valuation
  •  Lessons from leadership at AIG and LPL that apply to any firm owner
  •  The growing role of private equity and capital solutions in advisor succession
  •  Why the human connection will remain at the center of wealth management

Chapters:
04:04 – The advisor landscape: how tech and human advice will coexist
07:32 – The rise of $100B+ firms and the next wave of consolidation
10:36 – Enterprise value: recurring revenue, organic growth, M&A, and talent
15:30 – Building a business that runs without you: systems, process, brand
19:14 – Working on the business vs. in the business
24:26 – Attracting affluent clients through expertise and brand focus
30:04 – Lessons from legends: Hank Greenberg, Mark Casady, and Dan Arnold
34:42 – Industry risks, AI disruption, and why empathy still wins
44:03 – Succession planning and the rise of private equity capital

Guest:
Andy Kalbaugh, President, The Wealth Consulting Group

Host: Jimmy Lee, CEO, The Wealth Consulting Group

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From the dot-com era to today’s AI boom, Baron Technology Fund portfolio manager Ashim Mehra has seen innovation cycles up close. In this episode, he joins Jim Worden and Talley Leger to break down the layers of AI (infrastructure, models, and applications), where the real opportunities lie, and why even trillion-dollar narratives need perspective. The conversation explores the speed of disruption, global competition, capital flows, and how investors can separate durable trends from froth.

What you’ll learn:

• How AI compares to the internet revolution and why the pace is even faster
• Why infrastructure, models, and applications each carry different investment risks
• The difference between a bubble and a mania—and why AI is not just air
• How OpenAI, Nvidia, and other players are shaping short-term demand
• Why long-term winners will be defined by innovation speed and execution
• The global AI race between the U.S. and China, and what it means for investors
• Practical examples of applied AI already transforming industries

Guest: Ashim Mehra, Portfolio Manager, Barron Technology Fund

Hosts: Jim Worden (CIO, WCG) & Talley Leger (Chief Market Strategist, WCG)

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X (Twitter): @WealthCG
YouTube: @thewealthconsultinggroup

02:01 – AI’s rapid evolution and comparison to the internet era

03:29 – The AI stack: infrastructure, models, and applications

08:13 – Bubble vs. mania: why AI is real but returns may not be linear

11:09 – Nvidia, OpenAI, and the concentration of demand

15:34 – Beyond productivity: medicine, robotics, chemistry, and new compounds

29:54 – AGI timelines and why enterprises chase the prize

36:26 – Evaluating people and pattern recognition in investing

37:35 – U.S.–China AI race, geopolitics, and cloud gatekeepers

43:41 – Risks to capex: power, efficiency, and ROI concerns

48:55 – Applied AI examples: Axon police workflows and Hinge Health PT

57:18 – Small/mid-cap opportunities and concentration challenges

60:05 – Stock picking today: more data, more volatility

62:13 – Will AI replace investors or become an efficiency tool?

Making Life Better at The Wealth Consulting Group
If you are ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice and your life better.
Subscribe at bit.ly/wealthcg

Health is wealth, and as advisors the impact we make extends beyond portfolios. In this two-part episode, Jimmy Lee first sits down with his good friend Dr. Matthew Schwartz, radiation oncologist and UNLV faculty member, to explore how proteomics is changing cancer treatment. Then Dr. Thomas Dayspring, one of the world’s foremost educators on lipids and mentor to Dr. Peter Attia, explains why cardiovascular disease remains the number one preventable cause of death, plus the simple blood tests and treatments that can save lives.
Disclaimer: This episode is for informational purposes only and does not constitute medical advice. Please consult your physician for personal medical guidance.
 
What you’ll learn:

• How proteomics differs from genomics and why it could be a game changer for cancer care
  
• Why many oncologists are not yet using this testing and what patients and families should know
  
• The role of precision oncology in identifying the right treatment at the right time
  
• Why cardiovascular disease is still the leading killer, and how ApoB and Lp(a) testing can change outcomes
  
• Treatment options that go far beyond good vs. bad cholesterol, and what longevity-focused medicine recommends
  
• Practical steps advisors and their clients can take to advocate for their health
  

Chapters
00:00 – Welcome and episode purpose
02:18 – Dr. Matthew Schwartz on proteomics vs. genomics
07:06 – How Ignite testing works and why it matters
11:07 – Effectiveness, adoption, and access for patients
16:31 – Awareness, advocacy, and making cancer a chronic disease
21:23 – Dr. Thomas Dayspring on cardiovascular disease prevention
28:36 – ApoB and why particle number drives risk
40:12 – Lipoprotein(a), genetics, and early testing
52:08 – Treatment options: lifestyle, statins, PCSK9s
58:40 – Lowering ApoB, plaque, and longevity goals
01:19:21 – Target numbers and why very low is safe
01:26:23 – New therapies for Lp(a) and what’s ahead
01:33:20 – Diet, imaging, and practical takeaways
01:37:56 – Education gap and being your own advocate
01:42:39 – Closing thoughts and advisor role
Guests:
Dr. Matthew Schwartz, MD, Radiation Oncologist, Comprehensive Cancer Centers of Nevada
Dr. Thomas Dayspring, MD, FACP, FNLA, Educator on Lipids, Early Medical
Host: Jimmy Lee, CEO, The Wealth Consulting Group
Follow us
LinkedIn: https://www.linkedin.com/company/the-wealth-consulting-group/
X (Twitter): @WealthCG
YouTube: @thewealthconsultinggroup
Making Life Better at The Wealth Consulting Group
If you are ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice and your life better.
Subscribe at bit.ly/wealthcg

Here's the title and description.

Title:
Jonathan Krane, CEO of KraneShares on China as an Asset Class, AI’s “ChatGPT Moment,” and What Advisors Are Missing

Description:
Are your clients under-allocated to the world’s second-largest economy? KraneShares CEO Jonathan Krane argues China is behaving like a distinct asset class—and many portfolios aren’t built for it.

What you’ll learn:

• Why China’s share of EM could justify EM ex-China + China completion strategies
• How A-shares, Hong Kong, and U.S. listings fit together in practical ETF allocations
• Why 2025’s AI and clean-tech surge in China may mirror the U.S. “Magnificent 7” run
• How sentiment, low local rates, high savings, and targeted policy shifts can fuel flows
• A realistic path for U.S.–China engagement that balances competition and cooperation
• Where advisors can find thematic exposure (EVs, batteries, energy storage, biotech, carbon)

Chapters

• 00:00 – Welcome: Talley Leger & Jim Worden set the table
• 01:08 – Founding KraneShares: boots-on-the-ground in Shanghai → ETF thesis
• 05:48 – China as its own allocation: from EM to EM ex-China + China
• 08:17 – Sentiment shift & 2025 performance: why investors may be caught off guard
• 13:23 – Efficient access for advisors: core A-shares + thematic building blocks
• 14:20 – Tech leadership: EVs, batteries, solar, AI, biotech—what scaled first in China
• 17:18 – Cooperation vs. competition: a pragmatic framework for engagement
• 23:47 – Infrastructure 2.0 & domestic demand: savings, stimulus, and renewal
• 26:13 – Clean energy reality: EV adoption, storage, and grid-friendly solutions
• 29:34 – What KraneShares is watching: AI, humanoid robotics, carbon markets, alts
• 31:25 – Tokenization: new liquidity pools for “traditional” products
• 32:16 – Closing thoughts & takeaways for advisor portfolios

Guest: Jonathan Krane, CEO of KraneShares

Hosts: Talley Leger (Chief Market Strategist, WCG) & Jim Worden (CIO, WCG)

Follow us

• LinkedIn: https://www.linkedin.com/company/the-wealth-consulting-group/
• X (Twitter): @WealthCG
• YouTube: @thewealthconsultinggroup

Making Life Better at The Wealth Consulting Group

If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better.

Subscribe at bit.ly/wealthcg

#53 – Baron Capital Founder and CEO Ron Baron and Co-President and Portfolio Manager Michael Baron on Long-Term Ownership, Conviction Investing, and Why Great Wealth Is Built by Owning Businesses

In this episode, Ron Baron, Founder and CEO of Baron Capital, and Michael Baron, Co-President and Portfolio Manager, join The Bull of Wall Street for a wide-ranging conversation on generational wealth, conviction investing, and why true long-term success comes from owning great businesses rather than trading headlines. Ron reflects on the personal experiences that shaped his philosophy, the discipline required to hold through volatility, and what he calls the true test of friendship in investing. The discussion also explores Baron Capital’s expansion into ETFs and how advisors can think about structure, implementation, and long-term portfolio construction in a rapidly changing market environment.

What you’ll learn:

• Why Ron Baron believes generational wealth is created by owning businesses, not buying and selling stocks
• How conviction is built through deep research and first-principles thinking
• Lessons from holding investments through severe drawdowns
• What the Elon Musk and X investment revealed about risk, patience, and partnership
• How Baron Capital is translating its philosophy into ETF structures
• Why active management still matters in transformational technology cycles
• How advisors can frame volatility with clients through a business-owner mindset

Chapters

03:00 – From $100M to over $50B: the long road of ownership

05:30 – Why selling great companies too early taught Ron that wealth is built by holding.

08:30 – Michael’s perspective on growing into the process and building durable belief.

10:45 – What it means to stand by an investment when sentiment turns sharply negative.

16:30 – Why ETFs, why now

24:30 – Why transformational tech is not a bubble and why selectivity still matters.

32:30 – First principles and holding through volatility

40:00 – Why owning growing businesses remains the best defense against uncertainty.

Guest

Ron Baron – Founder, CEO, and Portfolio Manager, Baron Capital

Michael Baron – Co-President and Portfolio Manager, Baron Capital

Hosts

Jim Worden – Chief Investment Officer, WCG

Talley Leger – Chief Market Strategist, WCG