Today's animal spirits talk your book is brought to you by Halo Investing. Go to HaloInvesting.com

to learn more about their platform for advisors to create structured products

to earn yield for their clients. HaloInvesting.com.

Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben

Carlson as they talk about what they're reading, writing, and watching. Michael Batnik and Ben

Carlson work for RIT Holt's Wealth Management. All opinions expressed by Michael and Ben

or any podcast guests are solely their own opinions and do not reflect the opinion of RIT Holt's Wealth

Management. This podcast is for informational purposes only and should not be relied upon for

investment decisions. Clients of RIT Holt's Wealth Management may maintain positions in the

securities discussed in this podcast. On today's show we had back on Jason Barcema from Halo,

we've had him on as 34th time. So we've spent the last six, 12 months working with their team

to actually bring the income solutions to our clients. Now prior to RIT's rising only recently,

this has been like a search for yield. It has been like one of the themes for the last 10 years.

And oftentimes the risk associated with the reach for yield in our opinion was not

justifiable, was not worth it. What we found so attractive about creating our own situation,

our own structural notes is to be able to define the risk to say, okay, at this level not interested,

at that level not interested, at that level now you're talking. And so how do we do that?

We're just leveraging the technology at Halo to define set different risk parameters,

different potential rewards. And so to be able to do that with the team and we're going to get

to all that with Jason today was a really good experience on our end.

It's also been kind of cool because our whole line of thinking was, okay, there's a price

on options and interest rates. And if interest rates rise a little and volatility spikes in the market,

...