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Ryan Nauman
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Hosted by Market Strategist Ryan Nauman, Views from 6,230 brings together financial markets, investments, economics, wealth management, and life to help investment professionals make sense of what's happening—and prepare for what's next. Ryan sits down with industry leaders, investment experts and thought leaders to explore the trends driving markets and influencing investor behavior, from ETFs and SMAs to portfolio construction, AI, the economy, and the evolving wealth management industry. Expect insightful conversations, actionable ideas, and a fun, engaging approach to the topics that matter most to financial advisors, wealth managers, portfolio managers, and investment professionals. Cut through the noise. Gain perspective. Make more informed investment decisions. Subscribe to Views from 6,230 and stay ahead of the trends shaping markets, investments, and wealth management. Views from 6,230 — Cut Through the Noise. Invest With Perspective.

  1. 1d ago

    Why I Left the Wirehouse After 40 Years

    Recording from the Steward Symposium, host Ryan Nauman welcomes wealth manager Alicia Fuller to discuss choosing a business structure in wealth management and why she moved from a full-service wirehouse after 40 years to a W-2 role at Steward Partners. Fuller explains she wanted more freedom to serve clients and build her brand without the operational burdens of full independence, and describes how Steward’s culture, collaboration, and support expanded what her team could do in marketing, events, reporting, and client communication. She shares how the transition was smooth for clients, improved team energy, increased referrals, and enabled relationship-building through client experiences. Fuller also discusses her experience as a woman in the industry, mentorship and succession planning, carving out team ownership, and her next chapter focused on growth, time back, and multi-generational legacy planning. Connect with Ryan Nauman: LinkedIn X Learn more about Steward Partners here: Learn more about Coastal 360 Capital Advisors at Steward Partners here. Learn how Nauman Strategic Partners can help Wealth Managers and Asset Management firms developing compelling market narratives, white papers, and content strategies that position your firm as a trusted voice in the investment landscape. 00:00 Podcast Welcome 00:45 Why Structure Matters 01:21 Meet Alicia Fuller 01:46 Leaving the Wirehouse 02:48 Choosing the Middle Path 05:12 New Freedom and Branding 07:35 Client Experience Upgrade 13:26 Culture and Growth Tools 16:34 Women and Mentorship 19:21 Succession and Legacy Plan 20:40 What W2 Really Means 22:00 Unexpected Steward Support 23:00 Referrals and Relationships 25:51 Advice for Switching Firms 29:32 Next Chapter Ahead 32:10 Closing Thanks and Outro

  2. 4d ago

    The Market Looks Calm. Look Beneath the Surface.

    Host Ryan Nauman welcomes Paisley Nardini, Head of Investment Strategy at Tema ETFs, to discuss how calm index-level markets are masking narrow leadership, rising dispersion, shifting rate expectations, and concentration risk in both equity and bond indexes. Nardini explains her multi-asset background and why today’s macro regime and stock-level volatility may create a more favorable backdrop for active management. They cover 2026’s “whiplash” move from expected rate cuts to hikes, subdued VIX versus spiking bond volatility, resilient earnings, and why investors often overemphasize midterms despite historically positive fourth-quarter seasonality. Nardini outlines where AI spending is expanding beyond semiconductors into infrastructure, power, data centers, networking, and healthcare, and emphasizes “prudent participation,” intentional diversification, and rethinking passive exposure that may no longer deliver true diversification. Connect with Ryan Nauman: LinkedIn X To learn more about Tema ETFs here. Learn how Nauman Strategic Partners can help Wealth Managers and Asset Management firms developing compelling market narratives, white papers, and content strategies that position your firm as a trusted voice in the investment landscape. 00:00 Welcome and Setup 01:56 Meet Paisley and Tema 04:46 Why Thematic Active 09:01 2026 Macro Whiplash 14:03 Consumer Resilience Puzzle 18:02 Midterms Market Impact 22:37 Credit Spreads and Bonds 30:06 Index Concentration Risk 34:44 Calm Index Hidden Dispersion 37:08 Next Wave AI Spending 42:15 Advisor Portfolio Playbook 46:12 Wrap Up and Resources

  3. Oct 9

    More Than a Buyout: Protecting Your Legacy

    Recorded at the Steward Symposium, host Ryan Nauman interviews Tim Burklow, a 33-year wealth management veteran and wealth advisor in Steward Partners’ Legacy Channel, about succession planning. Burklow explains how his team began planning for the future by developing next-gen advisors—including his two sons and a third advisor—emphasizing the time investment required. He shares why internal succession can be difficult due to capital needs and family considerations, and describes a consultant-led search that found many firms focused on money rather than fit. Burklow chose Steward Partners for its leadership access, consistent culture, and careful vetting, while still providing competitive economics. He discusses client communication, burnout relief from offloaded management tasks, over 90% retention, improved teamwork over silos, better technology, and a clearer retirement path. He urges advisors to start early and seek guidance. More info: mainstaywealth.com. Connect with Ryan Nauman: LinkedIn X Learn more about Steward Partners here. Learn more about Mainstay Wealth Management at Steward Partners here. Learn how Nauman Strategic Partners can help Wealth Managers and Asset Management firms developing compelling market narratives, white papers, and content strategies that position your firm as a trusted voice in the investment landscape. 00:00 Podcast Welcome 00:47 Succession Planning Focus 01:11 Meet Tim Berklow 02:17 Building Next Gen Team 04:32 Why Steward Partners 06:34 Due Diligence Surprises 09:11 Culture Over Money 10:08 Life After Transition 11:38 Client Transition Strategy 14:34 Practice Today Improvements 16:28 Advice For Older Advisors 17:46 Legacy Model Myths 18:47 Not Getting Squeezed Out 19:48 Looking Ahead And Balance 20:57 Where To Learn More 21:19 Closing Thanks

  4. Oct 5

    Aging America Meets AI: Investing in Two Powerful Secular Trends

    The episode explores two major secular investment themes: aging demographics in America and the continued build-out of artificial intelligence. Ryan welcomes Brock Campbell, Head of Research and Portfolio Manager at BNY Investments Newton, to discuss why senior housing—primarily through healthcare REITs—may benefit from a supply-demand mismatch as baby boomers approach age 80, potentially supporting utilization, cash flow growth, and 5–7% dividend yields, while also offering diversification and less economic sensitivity. They cover key risks such as rent payer credit quality and recency bias from COVID-era challenges, emphasizing the need for deep fundamental research. The conversation then shifts to AI investing beyond chipmakers, outlining three waves (chips, power/grid infrastructure, and implementation/ROI), highlighting U.S. electrical build-out and potential opportunities in European electrical infrastructure driven by data sovereignty, while noting ROI as the key thesis risk amid market volatility. Connect with Ryan Nauman: LinkedIn X Learn more about BNY Investments Newton here. Learn how Nauman Strategic Partners can help Wealth Managers and Asset Management firms developing compelling market narratives, white papers, and content strategies that position your firm as a trusted voice in the investment landscape. 00:00 Hidden Opportunities Intro 01:01 Meet Brock Campbell 03:08 Senior Housing Demand Surge 05:53 How To Invest Via REITs 07:08 Yields Benefits And Risks 11:10 Portfolio Role And Allocation 16:13 Misconceptions And Credit Work 18:34 AI Beyond Chipmakers 21:23 Three Waves Chips Power Apps 23:17 ROI Risks And Market Volatility 28:10 Wrap Up And Where To Learn More

  5. Sep 28

    Stop Maximizing Returns. Start Maximizing After-Tax Wealth

    Ryan Nauman interviews Shang Chou, co-founder and managing partner at Dishmi Capital, about how portfolio construction is evolving beyond traditional 60/40 and mean-variance optimization toward maximizing after-tax wealth. Shang shares his Wall Street background (PIMCO, J.P. Morgan, Goldman Sachs), work at Simplify Asset Management, and the personal liquidity-event experience that motivated Dishmi’s focus on helping taxable investors with concentrated stock and major life events. He argues advisors leave “structural alpha” untapped by optimizing for pre-tax returns and outlines a three-dimensional framework—time, the full balance sheet (including proactive, tax-aware borrowing), and an expanded solution set—highlighting tools like tax-aware long-short, exchange funds, variable prepaid forwards, collars, SPX box spreads, and Section 351 exchanges. He predicts tax-aware portfolio construction will become table stakes and expects continued growth in the independent advisory channel. Connect with Ryan Nauman: LinkedIn X Learn how Nauman Strategic Partners can help Wealth Managers and Asset Management firms developing compelling market narratives, white papers, and content strategies that position your firm as a trusted voice in the investment landscape. 00:00 Why Tax Alpha Matters 01:10 Meet Shang Chou 02:44 Founding Dishmi Capital 05:17 Planning Before Liquidity 06:28 PIMCO Structural Alpha 08:55 After Tax Mindset Shift 12:27 Three Dimensional Framework 15:33 Borrowing Smarter for Homes 17:41 Institutional Tools for Advisors 20:32 Biggest Untapped Tax Wins 23:13 Which Strategies Go Mainstream 25:56 Life Events Drive Planning 28:28 Future of Tax Aware Advice 31:38 Where to Find Sheng 32:12 Closing and Subscribe

  6. Sep 25

    Tax-Aware, Personalized and Scalable: The New Model Portfolio

    Host Ryan Nauman interviews Rob Battista, EVP of Advisory Solutions at Vestmark, about the evolution from traditional one-size-fits-all model portfolios to more personalized custom model investment solutions. Battista explains how models grew from manager-traded SMAs to scalable, lower-cost model delivery, fueled by greater accessibility through marketplaces and asset managers selling total portfolio solutions. He highlights key limitations of traditional models—especially inadequate customization and the tax impact of rebalancing in taxable accounts—and argues tax transition and ongoing tax overlay are now table stakes. The discussion covers how custom models can reflect advisor preferences, support multi-manager open architecture, and incorporate multiple vehicles (ETFs, mutual funds, SMAs, direct indexing, bonds, alternatives) within a UMA. Battista outlines benefits for advisors (scale, time savings, outsourcing, recurring revenue) and asset managers (stickier relationships, greater wallet share), and emphasizes implementation partners can reduce operational burden, often subsidized by asset managers. Connect with Ryan Nauman: LinkedIn X Learn more about Nauman Strategic Partners. Learn more about Vestmark here. 00:00 Welcome and Agenda 01:20 Meet Rob Battista 01:51 Vestmark Overview 03:45 How Models Evolved 06:07 What Drove Model Growth 08:06 Limits of Traditional Models 09:42 Personalization and Tax Overlay 12:24 How Custom Models Work 15:18 Multi Manager and UMA Flexibility 18:10 Advisor Benefits and Scale 20:25 Asset Manager Incentives 21:57 Operational Challenges Solved 23:36 Implementing Custom Models 26:25 Wrap Up and Resources

  7. Sep 21

    The S&P 500 Concentration Trap and a Tax-Smart Way Out

    Ryan Nauman interviews Bill Davis, managing director and founder of Stance Capital, about whether the cap-weighted S&P 500 has become overly concentrated in mega-cap, highly correlated tech names and how index flows can exacerbate that risk; they discuss equal-weight approaches and why today’s fundamentals differ from the dot-com era, along with potential unwind catalysts tied to AI capex and data-center buildouts. Davis explains “tax alpha” and how IRS Section 351 allows eligible investors with highly appreciated, concentrated positions to contribute diversified baskets in-kind to seed an ETF and receive ETF shares without triggering immediate capital gains, outlining key eligibility constraints and operational considerations. They also cover the evolution and politicization of ESG/sustainable investing, concerns about authenticity among large asset managers, and how sustainable strategies may shift toward thematic risks like water and nature while addressing AI’s energy and resource demands. Connect with Ryan Nauman: LinkedIn X Learn how Nauman Strategic Partners can help Wealth Managers and Asset Management firms developing compelling market narratives, white papers, and content strategies that position your firm as a trusted voice in the investment landscape. Learn more about Stance Capital here. 00:00 Is S&P Really Diversified 01:10 Meet Bill Davis 01:44 Stance Capital Approach 06:22 Tax Alpha Matters 08:10 S&P Concentration Risk 13:34 Equal Weight Alternative 17:20 AI Cycle And Unwind 24:23 S&P Vs Real Economy 28:18 Section 351 Explained 36:23 351 Logistics And Options 41:29 Sustainable Investing Today 43:26 ESG Politics And Authenticity 52:51 AI Energy And Sustainability 56:11 Wrap Up And Resources

  8. Sep 14

    Beyond Tax-Free Income: The New Opportunities Emerging in Municipal Bonds

    Host Ryan Nauman interviews Brad Kreidle, founder and president of MainLine West, about navigating the large, fragmented municipal bond market and why MainLine West was created to improve transparency and efficiency by operating at a wholesale level with its own broker-dealer. Kreidle explains how higher interest rates after the ZIRP era have made municipals attractive on a taxable-equivalent basis, and how a steep municipal yield curve creates opportunities, including his firm’s “80/50” positioning concept. They discuss ways to pursue higher tax-exempt income, including leveraging high-grade municipals rather than simply moving down in credit quality, plus sectors like housing finance (multifamily and single-family programs) and the growth of gas prepayment bonds, which can offer additional yield with good liquidity. They also cover muni ETFs’ growth, including using large ETFs to hedge muni rate exposure, and why MainLine West uses an SMA wrapper for flexibility and leverage constraints in 40 Act funds. Connect with Ryan Nauman: LinkedIn: https://www.linkedin.com/in/ryannauman1/ X: https://twitter.com/LkTahoeBadger www.NaumanStrategicPartners.com Learn more about MainLine West: https://www.mainlinewest.net/ 00:00 Welcome and Guest Intro 01:16 Brad and Mainline West 02:20 Why Mainline West Started 06:05 Today’s Muni Rate Backdrop 08:10 Curve Strategy and 80 50 10:35 High Yield via Leverage 12:50 Housing Bonds and Policy 14:52 Gas Prepay and Space Munis 18:17 Gas Prepay Benefits and Liquidity 23:38 Fragmented Market and Active Edge 26:57 AI and Human Judgment 27:45 Muni ETFs and Hedging 31:06 Why Use an SMA Wrapper 32:18 Where to Learn More Closing

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About

Hosted by Market Strategist Ryan Nauman, Views from 6,230 brings together financial markets, investments, economics, wealth management, and life to help investment professionals make sense of what's happening—and prepare for what's next. Ryan sits down with industry leaders, investment experts and thought leaders to explore the trends driving markets and influencing investor behavior, from ETFs and SMAs to portfolio construction, AI, the economy, and the evolving wealth management industry. Expect insightful conversations, actionable ideas, and a fun, engaging approach to the topics that matter most to financial advisors, wealth managers, portfolio managers, and investment professionals. Cut through the noise. Gain perspective. Make more informed investment decisions. Subscribe to Views from 6,230 and stay ahead of the trends shaping markets, investments, and wealth management. Views from 6,230 — Cut Through the Noise. Invest With Perspective.

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  • Creator
    Ryan Nauman
  • Years Active
    2026
  • Episodes
    54
  • Rating
    Clean
  • Copyright
    © Copyright 2026 Ryan Nauman
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    Views from 6,230