Jonathan Blau is the founder and Chief Executive Officer of Fusion Family Wealth, a Long Island-based, fee-only, registered investment advisory firm. His investment philosophy is centered on helping shape positive money behavior and by teaching wealthy people to consistently make rational financial decisions under uncertainty.

As an industry thought leader in behavioral finance – helping investors learn to make rational money decisions under conditions of uncertainty – Mr. Blau helps clients thrive by helping them identify biases that drive poor money decisions and then helping to modify their “money” behavior.

Listen to this informative Legacy Leaders episode with Jonathan Blau about biases in financial decision-making.

Here is what to expect on this week’s show:

● Jonathan explains diagnosing biases is crucial in educating clients about their financial decisions. He approaches his practice like a doctor, aiming to diagnose and prescribe solutions for biases that lead to poor decisions.

● According to Jonathan, currency is a unit of exchange for efficient transactions, while money represents purchasing power. Many people mistakenly believe that preserving a certain amount of currency units ensures financial security, but inflation causes the value of currency to decrease over time.

● Jonathan challenges the notion that risk is solely defined by volatility, instead defining it as the chance of losing one's last dollar before their last heartbeat. He argues that asset allocation, which involves diversifying investments between stocks and bonds, freezes the purchasing power of every dollar and ultimately hinders wealth accumulation.

● Jonathan suggests that successful wealth management relies more on temperament and rational decision-making under uncertainty, rather than solely on intellect or predictions. He emphasizes the importance of educating clients about the reality of financial markets and helping them overcome their fears and beliefs about potential losses.

Connect with Jonathan Blau:

https://www.fusionfamilywealth.com

https://www.linkedin.com/company/fusion-family-wealth/

With your Hosts: Stan Miller

Stan Miller is the CEO of Pinnacle Legacy Law, an estate planning firm in Arkansas. He is passionate about helping families with customized estate planning solutions. Stan is known for his exceptional listening skills and ability to explain complex concepts in simple terms. He was an early pioneer of Living Trust planning in Arkansas and has established over 5,000 Living Trusts, safeguarding assets worth more than $4.5 billion. Stan is also a national leader in Estate Planning, having co-founded WealthCounsel and ElderCounsel, prominent organizations providing education and software for attorneys in the field. His latest book, "Your American Legacy: Powerful Strategies That Instill Lasting Values for Generations," became an International bestseller in April.

Connect with Stan Miller:

Websites: https://pinnaclelegacylaw.com/ , https://www.americanlegacynetwork.com/aln-home1

LinkedIn: https://www.linkedin.com/in/stan-miller-b0783741/

Katie Beth Hand

Katie is the Legacy Director of Pinnacle Legacy Law, and She is training leaders, protecting families, preserving wealth, and building legacies that last for generations.

Connect with Katie Beth

Hand:

Website: https://pinnaclelegacylaw.com/

LinkedIn: https://www.linkedin.com/in/katie-beth-hand/

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