Talk Your Book: How Custom Indexing Works

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 8 September 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Ehren J. Stanhope, CFA, Principal, Chief Investment Strategist at Canvas Custom Indexing to discuss: the evolution of investment products, why 2019 changed everything, how financial advisors are using Canvas with their clients and why technology is such an important component in this process. Find complete show notes on our blogs... Ben Carlson’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://idontshop.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Canvas custom indexing.
0:04.4	Go to can can Canvas.osam.com to learn more about how you can use Canvas custom indexing
0:10.1	for your financial advisory firm and your clients. That's canvass.osam.com.
0:17.2	Welcome to Animal Spirits, a show about markets, life, and investing.
0:21.3	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:26.5	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholt's wealth management.
0:32.8	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
0:38.6	Clients of Ridholt's wealth management may maintain positions in the securities discussed in this podcast.
0:46.8	Welcome to Animal Spirits with Michael and Ben. Michael, today, this one was an easy one for us and talk your book because this is something
0:54.2	that we're, I guess we're literally talking our book in some ways. This is a platform that we use
0:59.3	and have used for years now, I guess six years running. Is that, is that about right?
1:04.2	Which of 2019. Yep. Okay, about six years or so, we've been using the Canvas custom indexing.
1:09.7	We've seen a lot of different iterations. We were one of the, I guess, the very first the canvas custom indexing. We've seen a lot of different iterations.
1:11.4	We were one of the, I guess, the very first users on the ground floor.
1:14.5	We've seen them go through an acquisition by Franklin Templeton.
1:19.0	And you mentioned it on the show a little bit today, but we've seen that piece go bad before.
1:24.9	Where boutique, can we call O'Shaughnessy a boutique firm absolutely the boutique
1:30.3	firm who has sort of really good service great culture the big behemoth takes them over and then oh no
1:36.4	this is not what this is not what we used to use and they've done a really good job i think of
1:41.0	keeping that that small town flavor when the big town takes them over.
1:47.1	And you saw the first example of this from Patrick O'Shaughnessy, like he gave you the first
1:53.7	inkling of what this was going to be, and you immediately saw the potential for it.
	...

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