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Orion's The Weighing Machine

Orion's The Weighing Machine

Written by: Orion Portfolio Solutions
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 Orion’s The Weighing Machine How does Orion help financial advisors guide investors toward their financial goals? We provide the services and solutions advisors need to help clients stay invested in balanced portfolios. On Orion’s “The Weighing Machine,” featuring Ben Vaske, BFA, we cut through the market clamor and focus on time-tested principles that help financial advisors and investors reach their long-term financial goals. Each podcast reviews weekly commentary by Orion’s investment team and features a special guest to discuss market headlines. Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Orion Portfolio Solutions, LLC is a wholly owned subsidiary of Orion Advisor Solutions, Inc. (“Orion”). Think2perform’s Behavioral Financial Advice program integrates traditional finance practices with psychology and neuroscience to improve emotional competency and decision-making behavior that increases effective usage of the financial plan with clients. To obtain the Behavioral Financial Advisor (BFA) designation, participants must complete a self-directed course, which takes 20-30 hours to complete, and includes a mix of interactive exercises, videos and case studies. To learn more about the BFA, visit https://www.think2perform.com. 0503-OPS-3/4/2024Orion Portfolio Solutions Economics Personal Finance
Episodes
  • James St. Aubin of Ocean Park Asset Management - Winning by Not Losing

    James St. Aubin of Ocean Park Asset Management - Winning by Not Losing
    May 4 2026

    Today on the podcast, Ben Vaske is joined by James St. Aubin from Ocean Park Asset Management. James St. Aubin, CFA®, CAIA®, is Chief Investment Officer and Portfolio Manager for Ocean Park Asset Management. He has oversight of all Investment Management department activities, in collaboration with Co-founders David Wright and Kenneth Sleeper. An experienced investment management executive, his career of more than 20 years includes leadership roles in asset allocation, manager research and portfolio construction. James earned a Bachelor of Science in Finance from DePaul University and is a CFA® and CAIA® Charterholder.

    Key Takeaways

    • What is James’ favorite home-cooked meal or recipe?
    • Learn more about James’ role at Ocean Park Asset Management and what they do at Ocean Park.
    • What does the imagery of a rubber duck mean to Ocean Park as a symbol?
    • What are the problems with relying solely on Standard Deviations as a measure of risk?
    • How should advisors start to incorporate “fat tails” into their portfolio construction process?
    • In what environments do classic diversification strategies become unreliable?
    • When investors invest in a core bond allocation, like the Bloomberg US Aggregate Index, what are investors really getting?
    • How does James think about duration and depth, when it comes to pain or loss, and how they impact portfolios?
    • What does James mean when he talks about “winning by not losing?”
    • What is the “sequence of returns” risk, who does it impact the most and how does James limit it?
    • What are some of the risks that James is seeing in the markets right now that others may not be considering and what does he think is already priced in?
    • What should advisors and investors understand about trend-following strategies and are there any tradeoffs when using trend following?
    • How does Ocean Park fit within a broader portfolio and compliment, or even replace, a buy and hold type portfolio for certain investors?

    Links

    • James St. Aubin on LinkedIn
    • Ocean Park Asset Management

    Connect with Us

    • Meet Ben Vaske, Manager Investment Strategy
    • Check Out All of Orion’s Podcasts
    • Power Your Growth with Orion

    Disclosure(s)

    Wealth management services provided by Orion Portfolio Solutions, LLC (“OPS”), a registered investment advisor. Orion OCIO services provided by TownSquare Capital, LLC (“TSC”), a registered investment advisor. OPS and TSC are affiliates and wholly owned subsidiaries of Orion Advisor Solutions, Inc.

    Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor.

    This podcast is sponsored by Janus Henderson Investors. Orion Advisor Solutions, Inc. (“Orion”) or its affiliates and subsidiaries received compensation from Janus Henderson Investors for the placement of this advertisement content. Janus Henderson Investors and Orion are not affiliated companies, and the advertisement is not a recommendation or endorsement by Orion for any of the services referenced or provided.

    These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.

    Compliance Code: 1448-R-26128
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    45 mins
  • Seth Rosenthal of Academy Asset Management - When Geopolitics Moves Markets

    Seth Rosenthal of Academy Asset Management - When Geopolitics Moves Markets
    Mar 31 2026
    Today on the podcast, Ben Vaske is joined by Seth Rosenthal from Academy Asset Management. Seth was previously the Bank Chief Investment Officer at Northern Trust. In his 16-year career at Northern, he oversaw $100 billion in global fixed income and money market assets across a range of duration and credit mandates. In addition to his investment leadership, Seth served on Northern Trust’s Employee Benefit Investment Committee, where he held fiduciary responsibility for the firm’s employee benefit plans. Prior to Northern Trust, he spent 10 years with the Bank of Montreal, where he held pivotal roles in Treasury and Credit Analytics. Seth is a CFA charterholder with a BBA from the University of Iowa, where he also sits on the Finance Advisory Council at the Tippie School of Business. Key Takeaways What is Seth’s favorite home-cooked meal or recipe?An overview on Seth’s career and what led him to Academy Asset Management. Also, what does Academy do and how do they view the markets?When advisors and investors are seeing geopolitical headlines everyday, what should they be watching out for and how can they separate signal from noise?Is the collapse in traffic through the Strait of Hormuz at the core of what’s going on, from a market standpoint, in our conflict with Iran? What might a potential reopening look like?Why have oil prices been so volatile, rather than just merely remaining elevated, given the current geopolitical risk?How does this oil supply chain crisis lead to changes in geopolitics following the crisis?Where does Seth look first in terms of impact, or potential resolution talks, and is he thinking about positioning any differently right now?Are there any areas in the market that Seth would expect to react first if there is some sort of resolution?If tensions do escalate further, what does Seth expect to see? What is his bad case scenario for the markets?What might rate policy look like from here on out in Seth’s opinion?With Seth’s experience managing fixed income portfolios, is there anything he’s thinking about from a positioning perspective given this potential change in inflation expectations?When Seth zooms out historically, are there any common threads of market impact that last past initial geopolitical shocks?How is Seth’s team thinking about how the US is balancing market and economic strength with the current situation?Is there anything unique in this current moment about how the geopolitics are effecting markets? Links Seth Rosenthal on LinkedInVETZ, Veteran Bond ETF - Academy ETFsAcademy Asset Management Connect with Us Meet Ben Vaske, Manager Investment StrategyCheck Out All of Orion’s PodcastsPower Your Growth with Orion Disclosure(s) Wealth management services provided by Orion Portfolio Solutions, LLC (“OPS”), a registered investment advisor. Orion OCIO services provided by TownSquare Capital, LLC (“TSC”), a registered investment advisor. OPS and TSC are affiliates and wholly owned subsidiaries of Orion Advisor Solutions, Inc. Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. This podcast is sponsored by Janus Henderson Investors. Orion Advisor Solutions, Inc. (“Orion”) or its affiliates and subsidiaries received compensation from Janus Henderson Investors for the placement of this advertisement content. Janus Henderson Investors and Orion are not affiliated companies, and the advertisement is not a recommendation or endorsement by Orion for any of the services referenced or provided. These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites. Compliance Code: 1039-R-26090
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    32 mins
  • Fritz Folts of 3EDGE Asset Management - Multi-Asset Investing 101

    Fritz Folts of 3EDGE Asset Management - Multi-Asset Investing 101
    Feb 24 2026
    Today on the podcast, Ben Vaske is joined by Fritz Folts from 3EDGE Asset Management. Fritz has over 25 years of investment and portfolio management experience. Prior to 3EDGE, he served for over 12 years on the investment committees at both Windward and Windhaven Investment Management, Inc. He also served as Chief Investment Strategist while at Windhaven. Fritz began his career at The Boston Company, where he ultimately served as Director of Global Funding for the then newly formed Boston Safe Deposit & Trust Co., (U.K.) Ltd., in London, England. He holds a BA in Government from Connecticut College and an MBA from IESE (Instituto Estudios Superiores de la Empresa) in Barcelona, Spain, one of Europe’s pre-eminent business schools. He is the former Chair of the Board of Trustees at Connecticut College and now serves as Trustee Emeritus. While on the Board at Connecticut College Fritz was also a member of the Investment Committee for the college endowment. Fritz currently serves as Chair of the Investment Committee for the Concord Museum, which was recently voted the #1 Small Town Museum in America by USA Today. He is also a member of the Investment Committee of the Umbrella Center for the Arts in Concord, MA. Fritz resides in historic Concord, Massachusetts, with his wife, Cathy.Key TakeawaysWhat is Fritz’s favorite home-cooked meal or recipe?Learn a bit about Fritz’s career path, how he became a co-founder and what 3EDGE Asset Management focuses on lately.When Fritz initially launched 3EDGE, what were his thoughts on doing something differently from traditional asset managers?How has Fritz’s personal investment philosophy evolved in the past couple of decades?When Fritz thinks about multi-asset investing, how does he define it and how does he utilize it?How does Fritz think about blending more of an MVO type, strategic asset allocation and a tactical exposure? Is one better than the other and can they compliment each other?How has the explosion of ETFs really increased the opportunity set out there for investors?How have ETFs helped 3EDGE’s risk management become more precise?In Fritz’s eyes, what are “the seasons of the market” and what do they mean for his investors and the overall 3EDGE strategy?What signals does Fritz look for that might indicate the market’s “season” is changing and has his view on this shifted in recent years?How does the 3EDGE risk management process shift across the different seasons of the market?What would be a reasonable measure of success for a multi-asset manager?What’s Fritz’s go-to advice for how to tell a client about the potential benefits of moving away from traditional benchmarks?How does implementing some sort of multi-asset strategy really simplify the job of an advisor?Does Fritz’s conversation with clients change during moments of market stress or does it just become a reinforcement of what he’s already been saying?What parts of the investment landscape are most interesting to Fritz at the moment?How does Fritz see the multi-asset investing landscape continuing to evolve?LinksFritz Folts on LinkedIn3EDGE Asset Management3EDGE Week in Review Video Series3EDGE Commentary Paper – The Power of Multi-Asset InvestingConnect with UsMeet Ben Vaske, Manager Investment StrategyCheck Out All of Orion’s PodcastsPower Your Growth with OrionDisclosure(s)Wealth management services provided by Orion Portfolio Solutions, LLC (“OPS”), a registered investment advisor. Orion OCIO services provided by TownSquare Capital, LLC (“TSC”), a registered investment advisor. OPS and TSC are affiliates and wholly owned subsidiaries of Orion Advisor Solutions, Inc.Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. This podcast is sponsored by Janus Henderson Investors. Orion Advisor Solutions, Inc. (“Orion”) or its affiliates and subsidiaries received compensation from Janus Henderson Investors for the placement of this advertisement content. Janus Henderson Investors and Orion are not affiliated companies, and the advertisement is not a recommendation or endorsement by Orion for any of the services referenced or provided.These show notes may contain links to third-party websites. Any links to such third-party websites are provided solely as a convenience to you and not as an endorsement by Orion of the content on such third-party websites, or any affiliation or association with its operators. Orion is not responsible for the content of linked third-party websites, including, without limitation, any link contained in a linked website, or any changes or updates to a linked website, and do not make any representations regarding the information, services, products or accuracy of any material contained on such third-party websites.Compliance Code: 0548-R-26048
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    44 mins
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