#75 - David Dziekanski, Founder and CEO of Quantify Funds: Return Stacking, ETF Innovation, and the Case for Scarcity Assets (recorded 06/11/26)

In this episode of The Bull of Wall Street, Talley Leger, Chief Market Strategist at The Wealth Consulting Group, sits down with David Dziekanski, Founder and CEO of Quantify Funds for a deep dive into ETF innovation, portfolio construction, return stacking, scarcity assets, and the evolving role of alternatives in advisor portfolios. David explains why many traditional portfolios may be less efficient than investors realize, how return stacking can help advisors add exposure without subtracting from core allocations, and why leverage does not always mean simply adding more risk. The conversation also explores the role of gold and Bitcoin as scarcity assets, the growth of derivative income ETFs, and how advisors can think more strategically about diversification, income, and purchasing power.Key Takeaways:Return stacking allows advisors to add diversified exposures without necessarily reducing core benchmark exposure.Leverage may increase risk when concentrated in one asset class, but it may also help improve portfolio efficiency when paired with diversifying assets.Gold and Bitcoin may serve different but complementary roles as scarcity assets.Diversification still matters, but advisors need disciplined rebalancing to actually capture its benefits.ETF innovation continues to expand access to strategies once more commonly found in institutional or hedge fund settings.David believes investors should think about portfolios through two lenses: productivity assets and scarcity assets.Chapters:02:45 What return stacking means04:00 Why advisors may not take enough diversified risk08:55 Rethinking the traditional 60/40 portfolio12:20 Why investors may want both gold and Bitcoin16:20 Rebalancing and harvesting diversification18:00 Bitcoin’s evolution into a strategic asset class19:25 Why gold and Bitcoin have faced recent pressure24:20 Is diversification starting to work again?27:40 ETF innovation and the rise of hedge fund-style ETFs31:30 Messaging complex ETF strategies clearly38:30 Evaluating income ETFs beyond yield45:00 How leveraged ETFs work49:00 A high-conviction allocation framework50:50 Final thoughts on scarcity, productivity, and purchasing power GuestsDavid Dziekanski, Founder and CEO of Quantify Funds HostTalley Leger, Chief Market Strategist, The Wealth Consulting Group Follow Us LinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroupMaking Life Better at The Wealth Consulting GroupIf you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice, and your life better. Subscribe at bit.ly/wealthcg