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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. 10h ago

    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

  2. Sep 2

    The ETF Innovation Boom: What’s Next for the Fastest-Evolving Corner of Investing?

    Ryan Nauman discusses rapid ETF growth and key industry trends with Steve Foy, Senior Vice President of Trading at Tidal Financial Group. Foy explains Tidal’s full-stack ETF platform and ongoing support for clients, from product development and SEC filings to trading and operations. They highlight active ETFs as a major shift from traditional indexing, the surge in defined outcome/buffered and derivative income products, and increasingly concentrated thematic ETFs driven in part by AI-related market changes. The conversation addresses investor and advisor adoption of more complex derivative-based and leveraged products, emphasizing disclosures, education, and suitability. They also cover auto callables, private market access following SpaceX-related developments, the speed of IPO-linked ETF launches, and what may come next, including prediction markets and evolving regulatory and tax considerations. Connect with Ryan Nauman: LinkedIn: https://www.linkedin.com/in/ryannauman1/ X: https://twitter.com/LkTahoeBadger www.NaumanStrategicPartners.com Learn more about Tidal Financial Group: https://tidalfinancialgroup.com/ 00:00 ETF Boom Overview 01:02 Meet Steve Foy 01:59 Tidal Full Stack Platform 04:52 Active ETF Surge 07:21 Is There an ETF Bubble 08:53 Who Drives Innovation 11:29 Defined Outcome Demand 14:16 Thematic ETFs and AI 16:14 Derivatives and Exotic Risk 22:20 Auto Callables and Private Markets 24:46 IPOs and Single Stock ETFs 26:35 Whats Next Prediction Markets 28:17 Wrap Up and Where to Learn More

  3. Aug 28

    Catastrophic Bonds and Their Role in Modern Investment Strategies

    Host Ryan Nauman welcomes Ethan Powell, Principal and CIO at Brookmont Capital Management, to discuss catastrophe bonds and how they help insurers transfer tail risks from natural disasters while offering investors potential income and diversification. Powell explains how fully cash-collateralized 144A cat bonds work, including triggers, attachment points, and how returns combine SOFR earned on collateral with a risk premium funded by insurer premiums. They cover why cat bonds can improve pricing transparency and scalability in an opaque insurance market, potentially supporting insurance availability in high-peril areas. The conversation addresses rising climate volatility, recent insured-loss trends, AI’s role in faster damage assessment and improved modeling (especially for wildfires), liquidity in the cat bond market, key risks (natural disaster impairments), and how advisors typically use cat bonds as a satellite alternative income allocation via Brookmont’s ETF. Connect with Ryan Nauman: LinkedIn: https://www.linkedin.com/in/ryannauman1/ X: https://twitter.com/LkTahoeBadger www.NaumanStrategicPartners.com Learn more about Brookmont Capital Management: https://www.brookmont.com/ 00:00 Disaster Risk Meets Investing 00:56 Meet Ethan Powell 02:36 Why Insurance Is Breaking 03:54 How Cat Bonds Work 05:38 Rising Losses And Volatility 07:29 AI And Wildfire Modeling 10:47 Transferring Risk With Cat Bonds 13:48 Investor Benefits And Diversification 16:40 Liquidity And Market Growth 21:08 Key Risks And Expected Losses 23:21 Cat Bonds Versus Other Bonds 25:59 Portfolio Role And Allocation 28:35 Wrap Up And Resources

  4. Aug 24

    AI Won’t Replace Financial Advisors. It Could Make Them More Human

    Host Ryan Nauman welcomes Matt Halloran (“Matt GPT”), Chief Evangelist at Zocks, to discuss how AI is affecting wealth management and why many advisors still underuse it due to fear, unrealistic expectations, compliance concerns, and industry noise. Halloran argues advisors are only scratching the surface with note-taking and content tools, while the bigger opportunity is integrating structured data across the tech stack to uncover client opportunities, speed service, and drive organic growth. He recommends talking with peers, ensuring secure two-way integrations, and testing platforms side by side. The conversation covers building trust through incremental adoption and social proof, how AI-driven faster communication can help during bear markets, and how reclaimed time should be reinvested in clients, teams, personal wellbeing, and relationship building. Halloran also notes AI can support compliance via accurate transcriptions and reduced errors. Connect with Ryan Nauman: LinkedIn: https://www.linkedin.com/in/ryannauman1/ X: https://twitter.com/LkTahoeBadger www.AdjustedForRisk.com Learn more about Zocks: https://www.zocks.io/ 00:00 Show Kickoff AI Focus 00:54 Meet Matt Halloran 01:39 Career Path Influence 03:51 Kindness Trust Culture 06:14 Why Advisors Fear AI 09:47 AI Beyond Content 12:28 Choosing AI Tools 14:47 Clients Bring AI 16:22 Trust Compliance Steps 20:32 Bear Market Speed Service 23:57 Faster Client Communication 24:42 Using Freed Time Well 27:07 Feed Your Soul 28:50 Next Gen Advisor Skills 31:03 Preparedness Story 34:10 Winning Over Skeptics 39:01 Organic Growth Plays 42:41 Augmented Intelligence 45:01 Compliance Safety Net 46:54 Wrap Up And Resources

  5. Aug 17

    Why Insider 'Skin in the Game' May Beat the S&P 500

    On the Adjusted for Risk podcast, host Ryan Nauman interviews Haren Bhakta, founder and CEO of the Inside Ownership Index, who explains how the S&P 500’s free-float weighting effectively underweights shares held by controlling insiders and can end up buying more of founder-led companies after key leaders die. Bhakta describes manually compiling 20 years of S&P 500 proxy filings to aggregate insider-ownership data and creating a passive index that weights companies by insider ownership as a “skin in the game” approach. He argues high ownership aligns management with shareholders, supports long-term innovation, and avoids value-destroying incentives, citing ownership patterns among 100-baggers and major S&P value destroyers. He also warns that proxy voting power concentrated in large asset managers entrenches mediocre leadership. Connect with Ryan Nauman: LinkedIn X Learn more about Inside Ownership Index: Related:Russell’s Rebalance Is a Healthy Pruning Amidst an Epic Small-Cap Run 00:00 Welcome and Guest Intro 01:08 Origin of the Index 02:04 Free Float Problem 03:17 Building the Dataset 08:02 Why Ownership Matters 11:50 Power Law Leaders 14:37 Hundred Bagger Evidence 18:00 Long Term Culture Edge 27:24 Downside Protection 33:57 Passive Voting Risks 38:27 How Advisors Use OWN 40:25 Where to Learn More 41:29 Closing and Subscribe

  6. Aug 11

    What are the Expectations of the NextGen Advisor?

    Recorded live at Wealth Management EDGE, host Ryan Nauman welcomes Nate Lenz, co-founder and CEO of Concurrent, to discuss shifts in wealth management and the rise of NextGen advisors. Lenz explains Concurrent’s platform model supporting independent wealth managers by handling middle and back office functions while preserving advisor autonomy, and highlights growth to supporting over 90 firms, plus newer RIA Capital Partners and Platform-as-a-Service offerings. They discuss the aging advisor workforce amid rising demand for advice, AI as a productivity and entrepreneurship enabler rather than a job threat, and the increasing importance of human relationships as some services become commoditized. Lenz shares findings on nextgen expectations—mentorship and clear career paths over remote work—and describes Concurrent’s campus recruiting, internship program, training curriculum, and 18-month operational rotation. Connect with Ryan Nauman: LinkedIn X Learn more about Concurrent here. 00:00 Podcast Welcome 00:33 Live From Edge 01:35 Meet Nate Lenz 02:01 Concurrent Platform 03:07 Advisor Talent Crunch 06:01 AI Opportunity Debate 08:44 AI Boosts Productivity 10:27 Human Element Matters 12:14 Next Gen Expectations 13:48 Internships Recruiting 16:23 Training Rotation Paths 18:22 Attracting Young Advisors 20:49 Wrap Up And Links

  7. Aug 3

    The Right Way to Use ETFs for Success

    From Lake Tahoe on the Adjusted for Risk podcast, Ryan Nauman welcomes back Adam Patti, CEO of VistaShares, to discuss how innovation in ETFs is bringing sophisticated strategies to retail investors and reshaping portfolio construction. Patti shares VistaShares’ focus on building a small set of differentiated products, noting the firm launched its first ETF in December 2024 and has grown to over $2 billion in assets. They emphasize ETF benefits like transparency, low fees, tax efficiency, and intraday trading, while warning investors to “look under the hood” rather than rely on marketing. Patti outlines a durable, cycle-resistant portfolio approach built on diversification across equities, fixed income, commodities, real estate, and cash, and highlights three key ETF categories: growth equity, income, and downside protection. He explains VistaShares’ “bill of materials” process for Super Cycle ETFs, mapping supply chains and weighting companies by economic exposure to themes like AI, space, robotics, and defense, and previews future investor-focused ETFs tied to managers like Druckenmiller and Tepper. Connect with Ryan Nauman: LinkedIn: https://www.linkedin.com/in/ryannauman1/ X: https://twitter.com/LkTahoeBadger Learn more about VistaShares: https://www.vistashares.com/ 00:00 Welcome and Setup 00:54 Meet Adam Patti 01:19 VistaShares Mission 02:36 Buffett and ETFs 03:57 Look Under Hood 05:35 Building Durable Portfolio 08:02 Concentration vs Diversification 11:26 Advisor Edge with ETFs 13:53 Marketing vs Philosophy 16:18 Next ETF Evolution 18:44 Staying Power Process 20:53 Bill of Materials Method 22:55 Whats Next and Wrap

  8. Jul 31

    Unlocking the Power of Employee Engagement and Culture in Financial Services

    Recorded on location at the Steward Symposium, Ryan Nauman welcomes Maria Condon, Chief of Staff at Steward Partners, to discuss how the firm’s culture is built, reinforced, and scaled amid rapid growth. Maria explains why the annual three-day symposium exists, what makes its energy and access to leadership unique, and how in-person connection complements content like newsletters and podcasts. She details Steward’s ownership-driven alignment and accountability, the planning required as the event has grown from about 50 partners in 2017 to nearly 500 attendees, and what success looks like through engagement and traditions like the NFL-draft-style jersey ceremony. Maria also shares how “Stew-opoly” became a meaningful symbol of the firm’s story, and describes her chief of staff role as driving alignment, execution, communication, and cultural continuity. Connect with Ryan Nauman: LinkedIn X Learn more about Steward Partners here. 00:00 Welcome and Disclaimer 00:27 On Location at Symposium 01:12 Meet Maria Condon 02:28 What Symposium Is 05:13 Why It Feels Different 07:16 Culture at Steward 10:21 Proof Culture Is Real 12:48 Planning and Success 14:41 Jersey Ceremony Tradition 18:29 Scaling Culture with Growth 20:43 Stewopoly Culture Moment 23:10 Chief of Staff Explained 25:00 Culture Drives Outcomes 27:22 Why You Must Attend 28:35 Wrap Up and Links

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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.

Information

  • Creator
    Ryan Nauman
  • Years Active
    2026
  • Episodes
    47
  • Rating
    Clean
  • Copyright
    © Copyright 2026 Ryan Nauman
  • Show Website
    Views from 6,230