Wealthy Behavior

February may have been the shortest month of the year, but it delivered no shortage of market-moving events. Bob Weisse joins Sammy Azzouz to break down what’s driving today’s financial markets—and what it could mean for investors.   A pessimistic report from Cetrini Research, 2028 Global Intelligence Crisis, raised concerns about artificial intelligence’s economic impact, sparking stock market se...

In this month’s Market Update, CIO Bob Weisse joins Sammy Azzouz to unpack what’s driving today’s financial markets—and what it could mean for investors going forward. Tune in as they discuss: President Trump’s nomination of Kevin Warsh as Fed Chairman If the economy appears strong, why are rate cuts still on the table? Where we are in the current market cycle—and how much longer markets could run...

In this first episode of the new year, Heritage Financial’s CIO, Bob Weisse, joins CEO Sammy Azzouz to reflect on 2025 market performance and share insights for the year ahead.   2025 was a strong year for investors. U.S. equities delivered a third consecutive year of double-digit returns, international equities finally outperformed the U.S., and fixed income produced solid positive returns.   So,...

Bob Weisse, Chief Investment Officer at Heritage Financial, joins President & CEO Sammy Azzouz for a timely conversation on private markets. Together, they break down private credit and private equity, explore emerging risks across these asset classes, and share expectations for what lies ahead. The discussion then turns to our 2025 market outlook—what was forecasted, what actually unfolded, a...

We often think of U.S. presidents as financially savvy and immune to money worries—but the truth is, they’re a lot like us: each striving in their own way to achieve the elusive “American Dream.” Some built wealth through discipline and strategy, while others struggled to manage it. In this episode, Megan Gorman, founding partner of Chequers Financial Management and author of All the Presidents’ M...

Eight-digit passwords are out—randomized 20+ alphanumeric passwords are in. Cybercrime has exploded into a $10.5 trillion global industry, and experts estimate it will double in the next three years. Even more alarming: today’s most sophisticated schemes aren’t just coming from overseas. Local criminals are adopting the same high-level tactics, putting all of us at greater risk.   Mark Hurley, CEO...

The ongoing U.S. government shutdown has officially become the longest in history, creating new uncertainties and economic pressure points. Yet, markets have remained surprisingly resilient. In this episode, Chief Investment Officer Bob Weisse joins to discuss: What true diversification looks like when global indices remain heavily weighted toward U.S. companies. Key insights from J.P. Morgan’s Ca...

Heritage Financial is celebrating 30 years of helping clients build, protect, and enjoy their wealth. To mark this milestone, CEO Sammy Azzouz sat down with some of our seasoned financial advisors to share their favorite pieces of investing wisdom — the kind of timeless advice that can guide you through decades of market cycles and through life itself. Whether you’re just starting your investment...

2025 has been a strong year for investors, and the third quarter kept that momentum going. Markets are viewing things through rose-colored glasses, pricing in plenty of good news—but risks remain. Heritage Financial’s CIO, Bob Weisse, joins CEO, Sammy Azzouz, to break down what’s fueling today’s market strength and what could challenge it. They discuss why investors shouldn’t ignore lingering risk...

Ken Shinoda, Portfolio Manager at DoubleLine Capital, returns to Wealthy Behavior to share his perspective on the current state of the bond market, today’s economy, and the outlook for mortgages. In this episode, he discusses:   Key risks facing the bond market The Fed’s independence and policy expectations The weakening dollar and its impact on bonds The rapid expansion of private credit What rea...

It’s been a strong year for the markets—but the ride hasn’t been smooth. Yields continue to be pulled in opposite directions: lower on expectations of rate cuts, but higher on concerns about sticky inflation, labor market weakness, and elevated Treasury debt levels. In this episode of Wealthy Behavior, Heritage Financial’s CIO Bob Weisse joins CEO Sammy Azzouz to discuss the current state of the m...

Markets remain near all-time highs, and investor sentiment is strong — but a softer July jobs report, along with downward revisions to prior months, points to a cooling labor market.   Heritage Financial CIO, Bob Weisse, joins CEO, Sammy Azzouz, to discuss what this means for the Fed, the economy, and investors. They also break down key valuation metrics (CAPE vs. PE ratios), share views on market...

In this episode, Ed Jastrem, Heritage Financial's Chief Planning Officer, joins Sammy Azzouz to break down the One Big Beautiful Bill Act (OBBBA) and what it means for your financial future. They discuss what’s changing, what’s staying the same, and how individuals and business owners can make the most of planning opportunities. Topics include: Key changes taking effect in 2025 vs. 2026 Misconcept...

Markets continued their upward trend in June, reflecting investor resilience despite ongoing global uncertainty. In this episode, Bob Weisse, Heritage Financial's CIO, joins Sammy Azzouz, CEO, to explore what’s driving strong market performance, offering historical context and some investment opportunities. He also discusses how the investment landscape has evolved—many products once reserved for...

You can have a solid financial plan and a great estate plan—but if they aren’t aligned, neither may work as intended. Liz Meyer, JD, Heritage Financial’s Estate Planning Specialist, shares strategies to strengthen your estate plan, common mistakes, and answers the questions she hears most often. We cover: Why estate planning matters—both during your life and after Key estate planning documents How...

Despite unsettling headlines and ongoing market volatility, both stocks and bonds are in positive territory year-to-date—led by international markets outpacing the U.S. Since April’s dip, markets have rebounded, giving investors a second chance to reassess their portfolios, consider global diversification, and revisit their risk tolerance. In this episode, Sammy and Bob break down what’s driving t...

Barry Ritholtz — Co-founder, Chairman, and Chief Investment Officer of Ritholtz Wealth Management, and host of the Masters in Business podcast — joins Sammy to discuss his new book, “ How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them ”. Barry blends behavioral finance with data analysis to uncover some of the most common (and costly) investing mistake...

Bob Weisse, CIO of Heritage Financial, joins Sammy Azzouz to break down the latest market trends and what investors need to know. While markets have shown improvement in recent weeks, signs of weakness remain, raising concerns about a potential recession. Bob discusses the factors behind the Q1 GDP contraction and what it could signal for the broader economy. He also offers insights on how investo...

We usually advise against mixing politics and portfolios, but since the April 2 tariff announcement, politics—not fundamentals—have been driving the markets. Sammy Azzouz sits back down with Heritage Financial’s CIO, Bob Weisse, to unpack what’s happened since “Liberation Day” and answer some FAQs about the state of the investment universe today. If you’re wondering what just happened to your port...

Diversification proved its worth in Q1. While U.S. markets struggled, dragged down by a tech-sector sell-off, international and fixed-income markets delivered strong returns. Heritage Financial’s CIO, Bob Weisse, breaks down the Q1 results and highlights why diversification remains crucial in today’s environment of heightened risks, policy uncertainty, and elevated U.S. equity valuations. In this...

Erratic Policy Swirl, S&P 500 Pullback, and What Investors Might Be Missing. Michael Santoli, Senior Markets Commentator at CNBC, joins us to break down today’s turbulent headlines. Is the U.S. experiencing a market correction, or is something bigger on the horizon? We dive into recent volatility, the S&P 500’s pullback, the “Magnificent 7” stocks rolling over, and hot topics like DOGE and...

Increasing uncertainty, rising inflation, and slowing economic growth are causing concern among investors, leading them to take a more defensive approach—reducing risk, shifting equity exposure, and turning to fixed income. Many are asking: What’s driving the moves? And how should investors respond?  In this episode, CEO Sammy Azzouz shares client questions, while CIO Bob Weisse breaks down the l...

Could this be the year international markets outshine the U.S.? Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, believes a new cycle has begun—one that could make global investing more rewarding than it’s been in years.   In this episode, Jeff explains why international markets are gaining momentum, what’s driving global growth and earnings, and how overseas valuations stac...

Markets started strong in 2025, but uncertainty and volatility loom. How should investors respond? In this episode, Heritage Financial’s CIO, Bob Weisse, and CEO, Sammy Azzouz, break down what’s happening in the markets and how to make smarter investment decisions in today’s environment, including: The latest on Fed policy and what it means for your portfolio Fixed income investing—why it matters,...

Full valuations, index concentration and the potential for a resurgence of inflation have set the stage for a fragile market environment. Can prices rise further from here? Absolutely. Yet the possibility of setbacks is equally real, underscoring the importance of durability in 2025. In this episode, we spotlight an audio replay of our 2025 Market Outlook webinar titled Bridging the Divide. Bob We...