Most advisors say they manage risk. Very few have a repeatable, data-driven process to actually do it - especially when markets get volatile, and clients want answers.

In this episode of The Advisor's Fuel, Adam Koós sits down with Vincent Randazzo, founder of View Right Advisors and former head of technical research at Lowry Research (now CFRA), to unpack how advisors can use market internals, breadth, and rules-based signals to reduce drawdowns, protect compounding, and build client trust, without drowning in charts and noise.

00:00 – Kickoff + Vincent's background (Lowry/CFRA, market cycles, technical research)
03:10 – Why advisors struggle with risk: they "understand it" but don't have a process
07:00 – Gut feel vs system: why Vince started building Defender (and what he learned in 2008)
12:15 – The core of Defender: market breadth, internals, and "x-ray vision" under the index
18:10 – Simple execution: 100% / 66% / 33% / 0% exposure (no drama, no emotion)
22:30 – Sequence of returns risk: why the average return lie gets retirees hurt
28:10 – 1998–2000: breadth signals, mirage markets, and what tops can look like "under the surface"
33:30 – "We don't predict, we prepare": how to communicate risk without sounding like a doomer
37:10 – Current market view: correction risk vs "major top" risk (what Vince is watching now)
41:30 – Lightning Round: one chart to show skeptics, weekly checklist, biggest chart crimes
48:00 – The real ROI: advisor confidence → client trust → a practice that survives storms

💡 Risk management isn't a belief system—it's a process. If your "plan" is hoping the market comes back, you don't have a plan.
💡 Indexes can lie at market tops. Market-cap weighting can mask weakness underneath—breadth helps you see the real condition of the market.
💡 Drawdown control protects compounding. Avoiding deep losses changes the math of outcomes—especially approaching or living in retirement.
💡 Simplicity wins in the real world. A clean, directive exposure framework beats "more charts, more noise, more opinions."
💡 Clients don't demand you beat the market. They want to know you're paying attention and you have a plan when the house feels like it's on fire.

🗣 "People… don't have a process for actually managing [risk]. And worse than that, they're taught not to even try."
🗣 "We're looking under the surface… our x-ray is on all the time."
🗣 "The goal is a smart buy-and-hold… combined with active risk management."
🗣 "You cannot put a price tag on trust."
🗣 "The biggest benefit… is confidence."

• Website: https://viewright.ai/

• X: @CMTRandazzo

• LinkedIn: https://www.linkedin.com/in/vincentrandazzo/

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