The Market Pendulum: Understanding Mean Reversion
The Wealth Exchange
Markets can surge for years, but history shows momentum rarely lasts forever. How should investors respond? Host William John sits down with John Nicola, Founder, Executive Chair, and Chief Investment Officer of Nicola Wealth, to explore mean reversion, the idea that over time highs come down and lows move up, and what it means for today’s investors. Drawing on decades of experience across public equities, private capital, real estate, infrastructure, and fixed income, John explains why asset classes often drift back toward long-term averages and what typically follows strong market...
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Beyond The Noise: What's Currently Happening In Private Credit
The Wealth Exchange
Private credit is everywhere in the headlines, but are the risks as big as they seem? Host Rob Olsen sits down with Jurgen Van Vuuren, Senior Director & Head, Private Debt, and Stacey Mouadeb, Senior Director, Private Debt to cut through the noise and unpack what’s really happening in today’s private credit market. You’ll hear: What’s driving the growth of private credit Why recent negative headlines may be overstating the risks How defaults, recoveries, and diversification actually work Why manager selection and disciplined underwriting matter What today’s market environment...
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A Look Inside Canada’s Current Commercial Mortgage Market
The Wealth Exchange
Interest rates are up and real estate values have shifted. So where are the opportunities now, and how does real estate debt fit into your portfolio? Host Rob Olsen sits down with Mark Tiu, Director of Mortgage Investments at Nicola Wealth, and Sam Brown, President and Head of Commercial at CMLS Financial, one of Canada’s largest commercial mortgage lenders, to share their front-line perspective on today’s real estate market. You’ll hear: • How higher rates are changing borrower behavior • Where lenders are finding opportunities and where they’re cautious • How commercial...
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Beyond the Podium: The Fundamentals That Last - A Conversation with Patrick Chan
The Wealth Exchange
Excellence is rarely defined by a single moment. More often, it is built quietly over years through discipline, preparation, and the support of a trusted team. In this episode of The Wealth Exchange, Nicola Wealth's Institutional President David Sung sits down with Olympic medalist and three-time world figure skating champion Patrick Chan, for a live fireside conversation recorded at the Arbutus Club in Vancouver. Patrick reflects on the mindset behind elite performance, from the early years of training and the lessons learned through setbacks, to the routines and preparation that help...
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Capturing Financial Opportunity in the Private Equity Secondaries Market
The Wealth Exchange
In private equity, fund timelines have traditionally shaped when investors exit an investment. Today, the secondaries market is creating new ways to provide liquidity while allowing strong assets to be held for longer. In this episode of The Wealth Exchange, Rob Olsen speaks with Sunny Lee about the evolution of private equity secondaries, with a focus on General Partner-led transactions. They discuss what is driving growth in the market, how continuation vehicles work, and how Nicola Wealth evaluates secondaries opportunities across managers, sectors, and vintages.
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Real Estate’s Reset, Revisited: What’s Changed and What Hasn’t
The Wealth Exchange
Real estate remains front-page news; from trade tensions and a soft condo market to the implications of BC’s Cowichan land claim ruling. In this follow-up episode, Rob Olsen, Head of Nicola Wealth Private Capital, reconnects with Mark Hannah, Executive Managing Director, Real Estate, to revisit their earlier conversation on valuation pressure and liquidity challenges, exploring what has shifted since then and what investors can expect in 2026. Mark shares updates on portfolio performance across Canada and the U.S., the state of redemptions, recent asset sales, and early signs of...
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Succession Isn’t a Transaction: What Business Owners Often Discover Too Late
The Wealth Exchange
Leadership transitions are defining moments for any organization. When done well, they preserve what made a firm successful while creating space for the next generation to lead. In this episode, host Natalie Michael, Managing Partner of CEO Next Chapter, speaks with John Nicola, Founder and Chief Investment Officer of Nicola Wealth, and Chris Nicola, the firm’s newly appointed CEO. Together, they reflect on the journey that led to the leadership transition and the careful planning that supported it, including the role of independent governance, succession planning, and the board led process...
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Beyond the Practice: Smart Financial Strategies for Dental and Medical Professionals
The Wealth Exchange
In this episode, Ron Haik, Wealth Advisor | Client Relationship Manager at Nicola Wealth, is joined by Karisa Schaitel, Wealth Advisor | Client Relationship Manager and CPA, for a practical discussion on tax planning, estate considerations, and long-term wealth strategy for physicians and dentists. Drawing on their experience advising owner-managed professional corporations across Canada, they explore how financial decisions evolve over the life of a practice, and why proactive, coordinated planning matters. The conversation covers common planning gaps, the risks of siloed advice, cash flow...
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Beyond the Hype: How Long-Term Investors Are Thinking About AI
The Wealth Exchange
Artificial intelligence sits at the center of today’s market narrative, surrounded by extraordinary investment, ambitious projections, and no shortage of bold claims. Yet as capital pours into infrastructure, chips, and data centers, investors are increasingly asking a more difficult question: what does realistic, long-term value creation from AI actually look like? In this episode, host Chris Nicola, CEO of Nicola Wealth, sits down with Eugene Wong, Associate Portfolio Manager | Public Assets, to unpack what’s really happening inside the AI super cycle. Drawing on Eugene’s research...
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5 Mistakes Even Seasoned Investors Can Make
The Wealth Exchange
Most investing mistakes do not happen in moments of panic. They often happen when confidence is high, markets feel calm, and success starts to feel familiar. In this episode of The Wealth Exchange, James Atherton, Vice President, Private Wealth | Client Relationship Manager and Chris Warner, Wealth Advisor | Client Relationship Manager examine five common errors seasoned investors can make, and share practical frameworks for staying disciplined, aligned, and prepared through every phase of the cycle. Through real client experiences and practical insight, the conversation explores how...
info_outlineIn this episode, Rob Olsen, Head of Private Capital at Nicola Wealth, and Jason Luo, Senior Director of Venture Capital, speak with Han Kim, Co-Founder and Managing Partner at Altos Ventures, a global venture capital firm known for backing breakout companies like Roblox, Coupang, and Woowa Brothers.
Han walks through Altos’ early challenges, from launching a fund just before the Asian financial crisis to navigating the dot-com bubble, and explains how those experiences shaped a long-term, founder-first approach to venture investing. The conversation explores what it means to invest with conviction, why the best opportunities often require patience, and how staying close to founders can lead to rare, compounding outcomes.