The Private Wealth Playbook

Is AI making investors smarter, or just helping bad investors make mistakes faster? In this episode of The Private Wealth Playbook, Vance sits down with Tony Parish, Chief Investment Officer at Alpha Star Capital Management, to break down what artificial intelligence really means for you if you have built significant wealth and have $1 million or more in investable assets.

This conversation is for business owners, executives, and pre-retirees who are protecting what they have built while still hoping for it to grow. If you or anyone who expects to inherit or pass on wealth in the coming years, this podcast episode is for you.

Tony draws on decades of experience in fundamental and quantitative investing to explain why he believes the best results come from pairing human judgment with machine analysis. You'll learn:

• Why AI is likely to create clear winners and losers among the biggest technology companies, and what that could mean for your portfolio over the next five to ten years
• Whether AI can identify market risk better than a human, and where it falls short when fear and greed take over
• What quantitative investing actually is, why backtested results can be misleading, and how to spot a "black box" strategy before you trust it with your money
• Why market psychology can outweigh fundamentals, using Tesla and SpaceX as examples
• Why the federal deficit is the market signal Tony thinks too few investors are watching in 2026
• How AI-powered tax planning tools are testing hundreds of strategies, and what that could mean for your conversations with your CPA and advisor
• What the great wealth transfer means for the advisors and family offices serving the next generation, and why heirs will expect more customization, such as custom indexing that reflects their values

If you are wondering whether your portfolio, your advisor, and your plan are ready for what AI and the federal deficit could mean for markets, this episode gives you practical questions to bring to your next advisor meeting.

Tony is the author of Singular Links: The Innovator's Guide to Compounding Connections (2026). Learn more about his firm at alphastarcm.com and connect with him on LinkedIn.

This episode is for educational purposes only and is not investment, tax, or legal advice

How can high net worth and ultra high net worth families protect themselves from AI voice cloning, deepfakes, and financial scams? Start by building a security perimeter around the whole family, not just your devices, and agree on a family safe word before you need one.

In this episode of The Private Wealth Podcast, host Vance Barse, founder of YDF Wealth, talks with Dr. Lisa Strohman, a psychology and law expert and founder of Digital Citizen Academy, and Don Codling, a 24-year FBI veteran and Chief Information Security Officer at Rego Payments Architecture. Together they break down what cybersecurity means for wealthy families, aging parents, and kids, just in time for Cybersecurity Awareness Month.

What you'll learn:

• What cybersecurity means for a family today, why it should include household staff, and why it goes beyond passwords and devices
• How AI voice and video cloning work, and how a family safe word helps you verify who is really calling
• The 30-minute cool-down rule for any request that creates urgency around money
• Why "friends of friends" make private social media accounts less private than you think
• How passwords, two-factor authentication, and hardware security keys compare
• Why parents should consider a credit freeze for their children
• How gaming platforms like Roblox lead kids to Discord, and the warning signs parents should know
• How to protect household staff access with NDAs, technology policy agreements, and background checks
• How business email compromise and wire fraud target family offices
• How romance scams and elder fraud work, and how adult children can put safeguards in place
• Why antivirus software and identity theft protection are not enough on their own
• How often to review your family's online footprint

Resources mentioned:

Ask Lisa (asklisa.com), Digital Citizen Academy, Rego Payments Architecture and Rego Guardian, and the FBI's Internet Crime Complaint Center (ic3.gov)

Who this episode is for: High net worth and ultra high net worth families, family office leaders, business owners, and adult children looking out for aging parents or teens.

Learn more about YDF Wealth at www.YDFWEALTH.com.

This episode is for educational purposes only and is not financial, legal, or cybersecurity advice. Guest opinions are their own.

Vance Barse, founder of YDF WEALTH, sits down with semiconductor industry veteran Barry Norton to talk AI, the economy, and building generational wealth.

Barry spent three decades in semiconductor manufacturing, working on the original Amazon Echo and leading machining for Apple's first US made Mac Pro. He and Vance also just came from the invite-only Shadow Fed economic summit, so the conversation kicks off there before diving into whether AI is in a bubble, what's next for the semiconductor supply chain, and where the smart money is really going.

In this episode, we discuss:

• Is AI in a bubble, and what would actually trigger a pullback
• The coming chip replacement cycle and what it means for CapEx spending
• Federal Reserve policy, the national debt, and what's really driving inflation
• Social Security's insolvency timeline, now at risk as early as 2032
• Liquidity event planning and wealth transfer strategy for founders
• Trades versus college in an AI driven job market
• Raising entrepreneurial kids versus W2 minded kids, and how that shapes estate planning

About our guest:
Barry Norton built a career in semiconductor manufacturing starting in 1995, eventually owning and later selling his machining company to Flextronics. He went on to lead major projects including the original Amazon Echo and Apple's Mac Pro, and today consults across the semiconductor industry while managing his own portfolio.

Follow the Private Wealth Podcast for more conversations with founders, entrepreneurs, and industry experts on building and protecting generational wealth.

Is the Fed's next move about to blindside the housing market? Is AI already in bubble territory, or is the real danger still a few years out? And why does the price of oil seem to move Trump's rhetoric on the Strait of Hormuz, instead of the other way around?

Jim Bianco, founder of Bianco Research, joins Vance Barse, founder of YDF Wealth, to make sense of an economy that feels like it's running on contradictions. Stocks are hitting record highs. So are home prices. Inflation refuses to fall back to 2 percent. And the bond market is openly pushing back against a Fed that's already cutting rates. Bianco explains why none of this is as strange as it looks, and why investors clinging to the playbook from the 2010s are set up to get blindsided.

He makes the case that the low inflation, low rate world of the last decade was a historical anomaly, not the norm, and that a durable shift toward 3 percent inflation is here to stay. That reshapes everything from what a "fair" mortgage rate actually looks like to why the housing market's real problem isn't rates at all. From there, the conversation turns to Kevin Warsh's opening months as Fed Chair, what his approach signals for how the Fed will operate going forward, and why Bianco isn't fully sold on how Warsh is building out his team.

The back half digs into two of the biggest wildcards hanging over markets right now: whether the AI buildout is a bubble waiting to pop, and what's actually happening with oil supply out of the Strait of Hormuz that most headlines are getting wrong. Bianco brings the receipts on both, and the picture he paints is more nuanced, and more actionable, than the takes dominating financial media.

In this episode:

• Why the "old normal" of near zero rates isn't coming back, and what that means for mortgages.
• The real tension driving the housing market that has nothing to do with interest rates.
• Bianco's candid grade on Kevin Warsh's early moves as Fed Chair.
• Why bond traders are pushing back on the Fed, and what would make them stop.
• Bianco's litmus test for whether AI is in a bubble, and why he says we're not there yet.
• The overlooked reason AI spending is showing up as inflation, not productivity.
• What's really happening with oil supply through the Strait of Hormuz.
• Why refinery capacity, not crude oil itself, could be the next inflation shock.

About the guest: Jim Bianco is the founder of Bianco Research and host of the Rational Descent podcast, known for his sharp, contrarian analysis of interest rates, inflation, and market cycles. He is also the index provider behind the Bianco Research Total Return Index, tracked by the WisdomTree Bianco Total Return ETF (WTBN).

About the host: Vance Barse is the founder of YDF Wealth and host of The Private Wealth Podcast, where he talks with leading economists and strategists about the forces shaping private wealth.

Dennis Lockhart, former President and CEO of the Federal Reserve Bank of Atlanta, joins the Private Wealth Podcast to break down Kevin Warsh's Jackson Hole speech, the Fed's inflation outlook, and the biggest long-term risk facing the U.S. economy.

Recorded the same day Warsh delivered his Jackson Hole address, this episode features Vance Barse (founder of YDF Wealth, host of the Private Wealth Podcast) in conversation with Lockhart, who led the Atlanta Fed for a decade. Lockhart calls the speech "hawkish on balance", more framework than prescription, and weighs in on Warsh's departure from forward guidance, the elimination of the dot plot, and the new Fed task forces. He also explains why he disagrees with Warsh's "follow the ball, not the referee" metaphor.

Lockhart shares his outlook on when the Fed might raise rates, why he thinks the 2% inflation target should stay in place, and why supply shocks, not demand, are driving today's inflation. He also addresses misconceptions about how much power a Fed chair actually holds, and names an unresolved fiscal reckoning as the most significant long-term threat to the U.S. economy. Drawing on his experience leading the Atlanta Fed through the 2008 financial crisis, he closes with timeless investing principles: diversification, low costs, discipline, and long-term optimism.

What You'll Learn

• Why Lockhart calls the speech "hawkish on balance"
• The difference between a "framework" speech and a "prescription" speech
• What dropping forward guidance and the dot plot means for Fed communication
• Why Lockhart pushes back on the "follow the ball, not the referee" metaphor
• Three inflation scenarios the FOMC is weighing, and which Lockhart sees as most likely
• Why a rate move could come as soon as September or October
• Lockhart's case against raising the inflation target from 2% to 3%
• The distinction between "price level" and "inflation rate"
• Whether rate hikes still suit supply-driven inflation
• A common misconception about Fed chair authority
• Why a slow-building fiscal reckoning is the biggest long-term risk
• Lessons from leading the Atlanta Fed through 2008
• Lockhart's timeless investing principles for his own family

About Dennis Lockhart
Dennis Lockhart served as President and CEO of the Federal Reserve Bank of Atlanta for a decade, giving him a front-row seat to the 2008 financial crisis and years of FOMC policy debates. He continues to share his perspective on monetary policy through regular interviews with Market News International (MNI).

About the Host
Vance Barse is the founder of YDF Wealth and host of the Private Wealth Podcast, where he interviews leading voices in economics, markets, and wealth management to help investors understand what's moving their portfolios.

Follow the Private Wealth Podcast and @ydfwealth for more conversations with the people shaping markets, monetary policy, and long-term wealth strategy.

How do you protect your wealth, minimize estate planning mistakes, and make sure your assets are transferred according to your wishes?

In this episode, Vance Barse, Founder and Wealth Strategist at YDF WEALTH (YDF), sits down with Adam Moskowitz, an experienced estate and trust attorney, to discuss the legal and financial strategies high-net-worth business owners, executives, and families should consider when planning for the future.

For families with diverse assets like real estate, business ventures, and core family values, a successful wealth management plan simply requires a coordinated strategy for investments, taxes, estate planning, trusts, risk management, business interests, and wealth transfer.

Vance and Adam break down what affluent families should know about estate planning, wealth preservation, generational wealth transfer, and why your financial advisor and estate planning attorney should be working together.

• Why a will alone may not be enough for a high-net-worth estate
• How trusts can help protect and transfer family wealth
• Strategies for preserving wealth across generations
• How to avoid common estate planning mistakes
• What fiduciaries and trustees need to understand about their responsibilities
• What happens when families face trust disputes, will contests, or fiduciary conflicts
• How financial advisors and estate planning attorneys can coordinate a comprehensive wealth strategy
• Why legacy planning should begin before a major wealth transition
• How high-net-worth families can prepare for the future with an integrated wealth plan

If you're a Dallas, Frisco, Prosper, or DFW-area business owner, executive, or family looking for a more strategic approach to wealth management, this episode is an important conversation to hear.

Listen to the full conversation with Vance Barse and Adam Moskowitz on Spotify or Apple Podcast to learn how intentional estate planning and comprehensive wealth management can help protect what you've built and create a lasting legacy for the people who matter most.

Your Dedicated Fiduciary does not offer legal or tax advice. You should consult a legal professional regarding your individual situation.

How can successful families protect their wealth, avoid probate, and create a lasting legacy for future generations? The Private Wealth Podcast has you covered.

In this episode, host Vance Barse sits down with Amy Hsiao, founder of Hsiao Law and a California Certified Specialist in Estate Planning, Trust, and Probate Law. Amy helps families, business owners, and high-net-worth individuals navigate the complex world of estate planning, trusts, asset protection, and legacy preservation.

Together, Vance and Amy explore the critical estate planning strategies that can help families preserve wealth, minimize conflict, protect loved ones, and ensure their wishes are carried out. They discuss the role of revocable living trusts, wills, powers of attorney, healthcare directives, guardianship planning, business succession, and strategies designed to keep families out of court and out of conflict.

If you're an entrepreneur, executive, investor, retiree, or someone who wants to safeguard your family's future, this conversation provides practical insights on building a comprehensive estate plan that evolves with life's changes.

• Why estate planning is about more than documents
• How trusts can help families avoid probate
• Common estate planning mistakes affluent families make
• Asset protection and wealth preservation strategies
• Planning for children, aging parents, and future generations
• Business succession planning for entrepreneurs
• Healthcare directives and powers of attorney
• How to create a meaningful legacy beyond financial assets

Amy Hsiao is the founder of Hsiao Law in San Diego and a Certified Specialist in Estate Planning, Trust, and Probate Law, a distinction held by a small percentage of California attorneys. She focuses on helping families protect assets, avoid probate, and create thoughtful, values-based estate plans that evolve over time.