Risk Tolerance – Wealth on the Move

Why Don’t Schools Teach Personal Finance? w/ author Cary Siegel (Ep. 51)

By Wealth on the Move | June 18, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman engages with Cary Siegel, author of ‘Why Didn’t They Teach Me This in School?’ They discuss the critical need for financial literacy in education, the importance of teaching children about money management, and practical strategies for parents to fill the gaps in their own financial knowledge. Cary shares insights from his book, emphasizing the value of getting rich slowly, avoiding the pitfalls of comparison, and the necessity of negotiation in everyday life. The conversation highlights the shift from traditional pensions to personal financial responsibility, urging listeners to take charge of their financial futures. In this conversation, Cary Siegel shares invaluable financial wisdom, emphasizing the importance of budgeting, living below one’s means, and making informed financial decisions at various life stages. He discusses practical steps for new graduates, young families, and those approaching retirement, while reflecting on his own experiences during the financial crisis. Cary also debunks common money myths and encourages listeners to invest time in understanding personal finance.

Resources:

Takeaways:

Financial literacy is lacking in schools.
Carrie Siegel wrote the book for his children.
Money management is crucial for all ages.
Parents should start teaching financial basics early.
Investing in a 401(k) is essential for future security.
Getting rich slowly is a sustainable approach.
Avoid comparing yourself to others financially.
Negotiation can lead to significant savings.
Understanding needs versus wants is vital.
Financial education should be a lifelong pursuit. Always have a budget and follow it.
Living below your means is crucial for financial stability.
Pay off your mortgage as quickly as possible for security.
New graduates should prioritize their IRA and loan repayments.
Enjoy life while making financial trade-offs.
Consider your children’s education costs early on.
Invest in the stock market for better returns over time.
Passive income is often not as passive as it seems.
Work hard and smart in your career for better opportunities.
Take time each week to learn about money management.

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Disclosure: Cary Siegel and Why Didn’t They Teach Me This In School are not affiliated with Hoffman Wealth Management or Private Advisor Group

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Why the Rich Get Richer: Inside the Hilton Family Office with Mark Hilton (Episode 50)

By Wealth on the Move | June 4, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Mark Miller, managing director of the Hilton Family Office, about the strategies and mindsets that have allowed the Hilton family to build and preserve their wealth across generations. They discuss the differences between retail and smart money investing, the importance of a long-term mindset, and the shift from traditional pension plans to 401(k)s. Mark shares insights on legacy planning, the significance of education for future generations, and how to structure investments for safety and growth. The conversation emphasizes the need for individuals to take responsibility for their financial futures and the value of understanding wealth management principles.

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Takeaways:

The smart money operates with a long-term mindset.
Investors should focus on safety and security over chasing returns.
Education is crucial for passing wealth to future generations.
The average baby boomer is retiring with insufficient savings.
Wealth building is a personal responsibility.
The Hilton family prioritizes safety in their investment strategies.
Long-term thinking can lead to better investment outcomes.
Investments should be structured to minimize downside risk.
Family education on wealth management is essential.
Time is a key factor in building and preserving wealth.

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Mark Miller and Hilton Tax & Wealth Advisors are not affiliated with Hoffman Wealth Management and Private Advisor Group.

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5 Outdated Financial Practices to Leave Behind in 2026 (Episode 49)

By Wealth on the Move | May 7, 2026

Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss five outdated practices in the wealth management industry that need to be left behind. They explore the ineffectiveness of dinner seminars, the rise of financial influencers, the misconceptions surrounding life insurance as an investment, and the importance of integrated financial advice. The conversation emphasizes the need for a client-centered approach and the dangers of siloed advice in financial planning. In this conversation, Will and Brynn discuss the importance of collaboration among financial professionals, the challenges of founder limitations in firms, and the need for a client-centric approach in the financial profession. They emphasize the significance of integrating various professional insights to provide comprehensive financial advice and the necessity of building firms that can thrive beyond their founders.

Resources:

Wealth on the Move Episode with Ben Carlson

Takeaways:

The wealth management industry needs to evolve and leave behind outdated practices.
Dinner seminars often create a forced quid pro quo that doesn’t serve clients’ best interests.
Financial influencers can provide valuable content, but their advice should be vetted for credibility.
Life insurance is a tool for protection, not primarily an investment vehicle.
Siloed advice from different financial professionals can lead to misaligned strategies and poor outcomes.
Education-based seminars are preferable to high-pressure sales tactics.
Clients should seek validation from licensed professionals before acting on financial advice.
Integrated financial planning requires collaboration among advisors, accountants, and attorneys.
Relying on social media for financial decisions can be risky without proper validation.
A comprehensive financial plan should include multiple strategies and tools, not just one product. It’s important to move accountants into advisory roles.
Collaboration among professionals leads to better client outcomes.
Financial advisors need to consider lifetime tax implications.
Siloed advice can harm clients’ financial plans.
Building relationships with other professionals is crucial.
Firms should focus on values to ensure growth.
A founder’s limitations can bottleneck a firm’s potential.
Legacy building is essential for sustainable business.
Client-centric approaches improve overall service.
Professionals should strive to be agents of change.

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Ben Carlson: Why “Buy and Hold” Still Wins (Even After a 30-Year Market Crash) (Episode 48)

By Wealth on the Move | April 23, 2026

Summary: In this episode, Ben Carlson discusses long-term investing, the importance of diversification, managing investor psychology, and insights from his new book ‘Risk and Reward’. He shares lessons from Japan’s stock market history, debunks common investing myths, and emphasizes the value of simplicity and discipline in wealth management.

Resources:

Key topics:

Long-term investing and buy-and-hold strategy
Lessons from Japan’s stock market history
The importance of diversification and avoiding concentration risk
Managing investor psychology and behavioral biases
Insights from Ben Carlson’s new book ‘Risk and Reward’

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Disclosure: Ben Carlson and Ritholtz Wealth Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.

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How to Optimize Retirement Taxes & Avoid Costly Mistakes with Taylor Schulte (Episode 46)

By Wealth on the Move | April 2, 2026

Summary: In this episode, Will Hoffman interviews Taylor Schulte, CEO of Define Financial, about the importance of proactive financial planning, tax strategies, behavioral finance, and balancing life and wealth. They explore how high-income families can optimize their wealth, avoid common mistakes, and enjoy their journey to retirement.

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Key Topics:

Proactive tax planning and its long-term benefits
The impact of wealth on financial complexity
Common mistakes high-income families make before and after retirement
The importance of life and relationship planning in retirement
Behavioral finance and emotional decision-making in wealth management

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Narrative Wins: How Personal Stories Shape Financial Decisions w/ Joe Caruso & Shawn Mahoney, PhD | Episode 45

By Wealth on the Move | March 5, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman engages with Joe Caruso and Dr. Shawn Mahoney, co-authors of the book ‘Narrative Wins!’. They explore the profound impact of personal narratives on financial success and decision-making. The conversation delves into how the stories we tell ourselves shape our behaviors, particularly in the context of money, and emphasizes the importance of understanding and re-contextualizing these narratives to foster better financial outcomes. The discussion also highlights the role of fear and greed in financial decisions and the significance of client relationships in wealth management. In this conversation, the speakers delve into the intricate relationship between trust, personal narratives, and financial decision-making. They explore how trust is built and the impact of scarcity versus abundance mindsets on financial behaviors. The discussion highlights the psychological ties between love and money, the importance of understanding personal narratives, and the role of AI in enhancing financial advisory services. The speakers emphasize the need for self-awareness and the ability to shift narratives to foster better financial outcomes.

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Takeaways:

The personal narrative is foundational to our identity.
Successful individuals often have healthier narratives than those who struggle.
Curiosity and awareness are crucial in understanding our narratives.
Fear and greed are the two primary emotions influencing financial decisions.
Contextualizing financial fears can lead to better decision-making.
Personal narratives can evolve over time based on experiences.
Client conversations should focus on understanding their narratives.
The stories we tell ourselves can either empower or hinder us.
Awareness of our narratives is the first step to change.
It’s essential to remember that financial management is about people, not just money. Trust is fundamental in relationships and must be earned.
Scarcity mindset can lead to neurotic behaviors and poor financial decisions.
Understanding personal narratives is crucial for self-awareness.
Rationality in financial decisions is often clouded by fear and emotions.
AI can enhance financial advisory but cannot replace human connection.
Generational perspectives shape our views on money and wealth.
Narratives influence how we perceive wealth and success.
Shifting one’s narrative can lead to better financial outcomes.
Identifying disruptive narratives is key to improving financial habits.
Listening and understanding clients’ narratives is essential for advisors.

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What Social Media Is Teaching Our Kids About Money (Episode 43)

By Wealth on the Move | February 5, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman is joined by Hoffman Wealth Management’s Director of Marketing, Brynn Tarbuck, for a candid and timely conversation on what social media is teaching kids about money — and where it’s getting it wrong. From flashy lifestyles and “get rich quick” narratives to misleading investment advice and the glamorization of debt, Will and Brynn break down five key areas where social media can distort young people’s understanding of wealth. Drawing from Will’s perspective as a father and advisor, and Brynn’s experience growing up alongside social media, the episode highlights the importance of budgeting, skill-building, realistic expectations, and understanding risk. The conversation also explores the dangers of confusing investing with gambling, the myth that financial freedom means quitting your job, and why true wealth is about optionality — not appearances. Ultimately, this episode serves as a guide for parents, young professionals, and anyone looking to build a healthier, more realistic relationship with money in a digital-first world.

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Takeaways:

Social media often promotes looking rich, not being wealthy.
Wealthy individuals are typically intentional and disciplined with their money.
Budgeting is about control and clarity — not restriction.
Financial freedom means having options, not necessarily quitting work.
Being “rich by 25” is a myth; your 20s are for learning, earning, and making mistakes.
Expensive things do not equal success — value and price are not the same.
The fastest way to stay broke is trying to look wealthy.
Your job is not the enemy — skill-building is one of the greatest wealth drivers.
Credit cards and points can be tools, but debt is never free money.
Investing is not gambling; understanding risk is essential.
You don’t need massive risks or overnight wins to build wealth.
Diversified income streams require work — “passive” rarely means effortless.
Investing in yourself and your skills is the most reliable long-term strategy.
Parents should actively audit the financial content their kids are consuming.

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Why There Is No Such Thing as the “Perfect” Portfolio with Cullen Roche (Episode 42)

By Wealth on the Move | January 29, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Cullen Roche, author of ‘Your Perfect Portfolio.’ They discuss Cullen’s background in financial advisory, the challenges of portfolio management, and the importance of creating a personalized investment strategy. Cullen emphasizes the pitfalls of performance chasing, the significance of diversification, and the behavioral aspects of investing. The conversation also touches on the difference between saving and investing, the need for realistic expectations, and the difficulties of consistently beating the market. Ultimately, they advocate for a sound financial plan tailored to individual needs rather than a one-size-fits-all approach. In this conversation, Cullen Roche discusses the complexities of financial planning, emphasizing that there is no one-size-fits-all approach to creating a perfect portfolio. He highlights the importance of adapting investment strategies over time, particularly as personal circumstances change, such as having children. The discussion also delves into the psychological aspects of investing, particularly how market losses can trigger emotional responses and the role of financial media in shaping investor behavior. Roche introduces the concept of time horizons in financial planning, advocating for a structured approach to asset allocation that considers both short-term and long-term needs.

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Takeaways:

Cullen Roche emphasizes the importance of a personalized portfolio.
Performance chasing can lead to poor investment decisions.
Diversification is crucial for managing risk in portfolios.
Investing should be viewed as a methodical planning process.
Understanding the difference between saving and investing is key.
Setting realistic expectations is vital for investors.
The challenge of beating the market is significant.
Behavioral finance plays a critical role in investment success.
A sound financial plan should guide investment strategies.
Good diversification means not all parts of the portfolio perform well at the same time. Your perfect portfolio is about navigating towards your goals.
There is no single recipe for financial success.
Money changes over time, and so should your strategy.
Your financial needs will evolve as life circumstances change.
Children introduce new financial considerations and time horizons.
Long-term planning requires adaptability and foresight.
Understanding risk is crucial for effective financial planning.
Market losses trigger emotional responses tied to future consumption.
Financial media often amplifies fear and uncertainty.
A structured approach to asset allocation can provide peace of mind.

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How to Pay Less for College with Scholarships & SAT Strategy | Dr. Dominique “Dr. P” Padurano (Episode 41)

By Wealth on the Move | January 22, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Dr. Dominique Padurano, founder of Crimson Coaching, about strategies for securing scholarships and navigating the college admissions process. They discuss the importance of education in changing financial trajectories, the role of standardized tests, and how to find the right college fit. Dr. P shares her personal journey, insights on mental health in college, and the services offered by Crimson Coaching to help students achieve their academic goals and reduce college costs.

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Takeaways:

Education is key to changing financial trajectories.
Dr. P’s background highlights the importance of mentorship.
College fit is crucial for student success.
Standardized tests can impact scholarship opportunities.
Merit aid can significantly reduce college costs.
Early planning can ease the college application process.
College visits help students understand their preferences.
Mental health plays a vital role in academic success.
Crimson Coaching offers personalized support for students.
Success stories demonstrate the financial impact of coaching.

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The Wealth Ladder Explained: How to Build Wealth at Every Stage of Life | Nick Maggiulli (Episode 40)

By Wealth on the Move | January 15, 2026

Summary: In this episode of Wealth on the Move, host Will Hoffman speaks with Nick Maggiulli, COO of Ritholtz Wealth Management and author of The Wealth Ladder. They discuss the misconceptions surrounding wealth building, emphasizing the importance of income over spending habits. The conversation explores the different levels of the wealth ladder, focusing on the early stages of financial safety and skill development, transitioning to investing, and understanding risk tolerance. They also touch on personal spending choices and the significance of aligning financial goals with lifestyle decisions. In this conversation, Will Hoffman and Nick Maggiulli explore the multifaceted nature of wealth, discussing how high net worth individuals perceive money differently, the emotional challenges associated with wealth, and the common myths that can hinder financial success. They emphasize the importance of adaptability in financial strategies and the need for personalized advice at different stages of wealth accumulation.

Resources:

Takeaways:

Wealth building is more about income than spending.
Financial safety is crucial for those at the bottom rungs.
Education and skill development are key to increasing earnings.
Investing becomes more important as net worth increases.
Risk tolerance should align with personal circumstances and goals.
Lifestyle inflation can hinder financial progress.
Personal spending choices should reflect individual values and joy.
Avoid following high-level advice when starting out.
Building an emergency fund is essential for financial stability.
Understanding your financial situation is the first step to wealth. High net worth individuals often feel a responsibility to preserve wealth for future generations.
Money can be viewed as a tool for making impactful changes in the world.
At some point, personal wealth may stop improving life satisfaction.
Emotional reactions to market fluctuations can lead to poor financial decisions.
The myth that cutting spending is the key to wealth is unfounded.
Consistent investing over time yields the best returns.
Liquidity is more important than previously thought.
Rebalancing investments may not be as crucial as once believed.
Financial strategies should evolve as one’s wealth grows.
Perspective on financial challenges can be gained from understanding historical events.

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Nick Maggiulli and Ritholtz Wealth Management are not affiliated with Hoffman Wealth Management and Private Advisor Group.

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