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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. 2d ago

    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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

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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
    51
  • Rating
    Clean
  • Copyright
    © Copyright 2026 Ryan Nauman
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    Views from 6,230