Episode summary
Bloomberg Businessweek Weekend - September 18th, 2026 | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 37 min · Hosts: Carol Massar, Tim Stenovec
Summary
The show centers on Future Proof 2026 in Huntington Beach, a wealth-management conference that has grown into a major industry gathering with more than 5,000 attendees and an anticipated $20 trillion in assets under management. The host frames the event around the industry’s push into AI, a volatile macro backdrop, and a market still being driven by wealthy consumers and tech earnings. Matt Middleton says the festival is profitable for the first time and argues that intimacy comes from the experience, not the crowd size.
Key takeaways
- Matt Middleton says Future Proof generated more than $20 million in local economic impact last year and turned profitable for the first time in 2026.
- Yan van Eck argues the market is being supported by AI-driven earnings and wealthy consumers, while warning that deficits and higher long-term rates remain major risks.
- Yan van Eck expects gold and Bitcoin to revisit all-time highs, but says gold may move slowly because global growth, especially in Asia, is affecting demand.
- Rick Pitcairn says multigenerational families need fair exit structures and disciplined portfolio construction to avoid destructive family conflict and bad investment decisions.
- Joe Magazine argues Miami can build a Wall Street South ecosystem without surpassing New York, by creating jobs, lowering taxes, and attracting more finance and technology firms.
Notable quotes
“It's a gathering of the wealth management ecosystem, including over 150 seuite executives, 3,000 financial analysts, wealth management execs, and limited partners, more than 5,000 attendees in all”
“last year itcliped $20 million and I think it's going to be way more than that this year just in the grand like size of it”
“I think our economy is actually concentrated in two areas. Uh and and one is relates to this uh to this conference”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. — This is Bloomberg Business Week Daily. Reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens. The Bloomberg Business Week Daily podcast with Carol Masser and Tim Stenc on Bloomberg Radio.
Hi everyone, welcome to the Bloomberg Business Week weekend podcast. Our backdrop this week, it was a beach on the West Coast. And so over the next 60 minutes, we've got highlights from the annual Futureproof Festival in Huntington Beach, California.
It's a gathering of the wealth management ecosystem, including over 150 seuite executives, 3,000 financial analysts, wealth management execs, and limited partners, more than 5,000 attendees in all, representing an anticipated $20 trillion in assets under management. It's kind of like, Tim, a who's who of the financial world. This year does though mark the fifth year of the event, condensing industry insights, networking, and technology trends into four outdoor days.
All of this happening against the backdrop of an industry-wide push to adopt AI, a highstakes Fed meeting, ongoing global conflict, and a volatile macroeconomic climate.
Yeah, safe to say there was a lot to talk about. Well, this hour will include our conversations from future proof with Rick Pitaren, chairman and chief global strategist at the more than 100-year-old family office that bears his family name. We talked about the drama when it comes to family money.
We're also joined by Joe Magazine, partner at Fortuna Investments. He talks about why he thinks Miami can become the new Wall Street South. — First up, we start with the event itself and the themes Future Proof was focusing on this year. Matt Middleton is the creator and CEO.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- business and finance news
- global technology
- politics
- economics
- weekly conversations
Watch the episode
Watch “Bloomberg Businessweek Weekend - September 18th, 2026 | Bloomberg Businessweek” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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