Quarter Over Quarter

Inflation has returned to center stage, influencing interest rates and long-term portfolio design. In this conversation, Don Drury and Tom Moran, AIF®, sit down with Charlie Chesebrough, CFA, Moran Wealth’s Managing Director, to discuss how inflation has evolved over the past four decades and why it may feel different today. They cover the Federal Reserve’s 2% target, renewed concerns about stagflation, and global factors that can affect inputs like energy prices and economic growth.

Key topics:

• How inflation shifted from a background issue to a persistent challenge
• Differences between inflation, stagflation, and deflation
• Why the Federal Reserve targets 2%
• How major asset classes have historically behaved in different inflation environments
• Portfolio diversification considerations across market cycles

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The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

The right financial team can help make decisions clearer and make every plan more intentional.

In this conversation, Tom Moran, AIF®, and Don Drury talk with Corey Grant, CFP®, ChFC®, about what helps define a strong advisory relationship. They reflect on how clients’ needs have evolved, why collaboration across generations matters, and how thoughtful planning benefits from understanding the full picture of a client’s life.

The trio highlights how advice can work best when it’s built on transparency, shared purpose, and a team prepared for life’s turns—big and small.

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The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

Philanthropy carries weight when it’s tied to something personal. It’s not just a financial decision but a way to pass on values, create connection, and shape a story that continues beyond your lifetime.

In this episode of Quarter Over Quarter, Tom Moran, AIF, and Don Drury sit down with Michael Mongin, CPWA®, to talk about what it really takes to give with intention. They walk through the differences between donor-advised funds, private foundations, and charitable trusts, sharing how each option can support a family’s long-term vision while still offering practical benefits. 

Throughout the conversation, Michael explains how charitable planning can bring clarity to both the numbers and the meaning behind them, showing how structure and purpose can coexist when you plan thoughtfully.

If you’ve ever wondered how to combine your financial goals with the causes that matter most to you, this discussion offers a clear and approachable path forward.

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The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

Social Security may sound straightforward, but when it comes time to claim, the math, the timing, and the tax impact can get surprisingly complex.

In this episode, Tom Moran and Don Drury sit down with Aaron Simpson, CFP®, CLU®, ChFC®, RICP®, to unpack how Social Security fits into a retirement plan, why timing your claim can make a six-figure difference, and how to align benefits with your broader income and tax strategy.

From modeling different claiming ages to coordinating with your spouse’s benefits and understanding how inflation adjustments and RMDs come into play, this conversation covers the real-world planning decisions that can help you make the most of what you’ve earned.

Subscribe and follow along, we're just getting started!

The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

This conversation opens with a simple question: how much of today’s market strength is grounded in reality? 

Don Drury and Tom Moran, AIF, welcome Tyler Hardt, CFA, Chief Portfolio Manager at Moran Wealth Management®, to examine the topic from multiple angles—from the scale of AI investment to quieter developments in sectors that have lagged.

They discuss how technology spending has affected corporate balance sheets, what indicators they watch for signs of a slowdown, and how disciplined investors evaluate opportunities and risks. Tyler offers a closer look at healthcare and energy as areas of ongoing monitoring, while Don and Tom consider how current themes echo past market cycles and what practical takeaways may apply.

Rather than predictions, this episode shares how professionals at the table are thinking about the months ahead and what they’re watching, not what they expect will occur.

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The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

Your 20s may call for bold moves in equities. By your 40s and 50s, stability often takes priority with bonds, value stocks, and retirement accounts. Along the way, alternatives and college savings enter the picture.

In this episode of Quarter Over Quarter, the discussion explores how portfolios naturally shift as life moves forward. The mix of growth and value, the timing of bonds, and the role of alternatives all depend on your stage of life and your comfort with risk. It’s not just about chasing returns, but about understanding how time horizon, family needs, and personal goals influence the way you invest.

You’ll hear why starting early matters, how compounding builds momentum, and why it’s wise to lean on guidance when decisions get more complex. Because if investing doesn’t stay the same decade after decade, your strategy should grow as you do.

Subscribe and follow along, we're just getting started!

The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

Alternatives are gaining attention, but they’re not always well understood. In this episode of Quarter Over Quarter, Chelsea Ganey, CFA, Chief Strategy Officer at Moran Wealth, joins the team to share her perspective on private credit and private equity.

She explains how these strategies can bring stability and diversification, why manager selection is critical, and where the risks and opportunities really are. With markets facing uncertainty, this conversation highlights how alternatives can be thoughtfully integrated into long-term portfolios.

Subscribe and follow along!

The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

Retirement planning is rarely straightforward. Between rising costs of living, shifting market conditions, and the simple question of where you want to spend your later years, there are countless factors that shape the future of your finances.

In this conversation, the team explores the realities behind retirement distribution strategies, the psychology of risk, and the impact of state residency decisions like moving to Florida. You’ll hear how different people at the same age and with similar wealth can take entirely different approaches, why sleep is a surprisingly important indicator of risk tolerance, and what younger generations can do today to set themselves up for stronger outcomes tomorrow.

Subscribe and follow along, we're just getting started!

The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.

Welcome to the very first episode of Quarter Over Quarter, a new podcast by Moran Wealth Management®. Hosted by Don Drury and Tom Moran, this show brings together decades of institutional investment expertise with the human, real-world financial questions people face every day.

In this inaugural episode with their guest Charles Chesebrough, the team dives into the state of the market as we move from Q2 into Q3 of 2025. From the uncertainty around tariffs and interest rates to the lasting potential of small caps and artificial intelligence, the conversation blends insight, candor, and the occasional Kentucky joke. It’s an introduction not just to market themes, but to the personalities and perspectives behind Moran Wealth’s investment philosophy.

Subscribe and follow along, we're just getting started!

The content on this page and/or video is for educational purposes only and should not be construed as investment advice. Specifically, the content is intended to provide education and tools for individuals looking to handle their retirement planning on their own. Should you need personalized investment advice, you should consult with a registered investment adviser. Any communications on this page with other individuals that are not associated with Moran Wealth Management, LLC are done voluntarily by users and are unsupervised and unaffiliated with Moran Wealth Management, LLC and Moran Wealth Management, LLC has no responsibility or liability over any discussions or advice that may be given. Moran Wealth Management, LLC is a registered investment adviser and can provide investment advice. If you are interested in Moran Wealth Management, LLC’s advisory services, you can contact us at 239-920-4440 or [email protected].

For disclosures, visit: https://www.moranwm.com/disclosures

This communication may contain testimonials of Moran Wealth Management’s clients. These testimonials reflect the real-life experiences and opinions of these customers. However, these experiences are personal to them and are not necessarily representative of all clients’ experiences. Moran Wealth Management® makes no claim, and you should not assume, that all clients will have the same experiences. Your individual results will vary. The views and opinions contained in the testimonials belong solely to the individual client and do not reflect our views and opinions. Clients are not paid or otherwise compensated for their testimonials.