Zephyr’s Adjusted for Risk Podcast: Navigating Investment Risks

by | Jun 3, 2025 | Appearances, Market Notes, Media Notes

Recently, Brian sat down with Ryan Nauman of Zephyr Financial Technologies to discuss the primary risks of market volatility and the compounding ability of returns, emphasizing the need to focus on real returns over time.

In this episode of Zephyr’s Adjusted for Risk Podcast, host Ryan Nauman sits down with Brian Jacobs, Investment Strategist at Aptus Capital Advisors, to delve into the intricacies of risk management in investment portfolios.

They discuss the importance of hedging against market volatility and drawdowns, the impact of inflation on investment strategies, and the increasing role of options and active ETFs in modern portfolio management. Brian also shares insights on tax efficiencies within ETFs and the evolving landscape of fixed income investments. Tune in for a comprehensive conversation packed with actionable insights for financial advisors.

View podcast summary and highlights here

This podcast was recorded on May 30, 2025. The opinions expressed are solely those of the podcast participants and do not reflect the opinion of Aptus Capital Advisors. The opinions referenced are as of the date of recording and are subject to change without notice. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. Forward-looking statements are not guaranteed. Aptus reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate.

Investing involves risk. Principal loss is possible. The Fund are non-diversified, meaning they may concentrate its assets in fewer individual holdings than diversified funds. Therefore, the Funds are more exposed to individual stock or ETF volatility than diversified funds.

Investing in ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of the shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Funds ability to sell its shares. Shares of any ETF are bought and sold at Market Price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00pm Eastern Time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.

The Funds may invest in options, the Funds risk losing all or part of the cash paid (premium) for purchasing put and call options. The Funds’ use of call and put options can lead to losses because of adverse movements in the price or value of the underlying security, which may be magnified by certain features of the options. The Funds’ use of options may reduce the ability to profit from increases in the value of the underlying securities.

Please carefully consider the funds objectives, risks, charges, and expenses before investing. The statutory or summary prospectus contains this and other important information about the investment company. For more information, or a copy of the full or summary prospectus, visit www.aptusetfs.com, or call (251) 517-7198. Read carefully before investing.

Aptus Capital Advisors is the advisor to the Aptus Drawdown-Managed Equity ETF, Aptus Defined Risk ETF, Aptus Collared Investment Opportunity ETF, Aptus International Drawdown Managed Equity ETF, Aptus Large Cap Enhanced Yield ETF, and Aptus Enhanced Yield ETF, all of which are distributed by Quasar Distributors, LLC. ACA-2506-9.

Advisory services offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198.

Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama.

The opinions expressed herein are those of Aptus Capital Advisors (“Aptus”) and/or the individual Aptus Employee being interviewed as of the date of publication and are subject to change without notice. Aptus reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that such assessments of investments will be accurate. There is no guarantee that strategies or recommendations will equal or exceed any expectations or goals discussed. The discussions, outlook, and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.

The opinions expressed herein are those of Aptus Capital Advisors (“Aptus”) and are subject to change without notice.

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Aptus is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Aptus including our investment strategies, fees and objectives can be found in our ADV Part 2, which is available at www.aptuscapitaladvisors.com or by calling 251.517.7198.

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