The Wealth Exchange
The Wealth Exchange provides access to the experts on the issues that are important to affluent families and business leaders across Canada. Providing in-depth conversations on a wide range of topics, the podcast has featured change makers, business leaders, subject matter experts and humanitarians from around the globe.
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Women Are Inheriting Trillions, But Not the Confidence to Match
08/06/2026
Women Are Inheriting Trillions, But Not the Confidence to Match
When it comes to the future of wealth, one of the most significant financial shifts of our time is already underway. In this episode of The Wealth Exchange, Chris Warner, Wealth Advisor and Practice Management Lead | Client Relationship Manager, sits down with Cassandra Cross, Wealth Advisor | Client Relationship Manager, to explore how women are increasingly shaping the future of wealth - and what it means for individuals, families and future generations. Drawing on insights from Cassandra's recent article, Women Are About to Control More Wealth Than Ever Before, But Many Still Don't Feel Financially Confident, they discuss the forces driving this historic shift, how many women are building wealth in different ways, and why financial confidence has less to do with knowledge than may people think. You'll hear: Why women are expected to inherit nearly 70% of the largest wealth transfer in history The key trends driving women's growing influence over wealth & financial decision making Why confidence - not capability - is often the biggest barrier to financial engagement The hidden cost of delaying important financial decisions How thoughtful financial planning can help navigate major life transitions with greater clarity and purpose Why wealth planning is about more than growing assets - it's about creating flexibility, choice, and a lasting legacy As women continue to shape the future of wealth, this conversation explores what this historic shift means for individuals, families, and the next generation of financial decision-makers.
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Private Equity Unpacked: What Really Drives Investor Outcomes
07/27/2026
Private Equity Unpacked: What Really Drives Investor Outcomes
When it comes to private equity, how you invest can be just as important as what you invest in. In this episode of The Wealth Exchange, Robert Olsen, Head of Private Capital, sits down with Kazuki Nadomi, Portfolio Manager | Private Equity and Venture Capital, and Sunny Lee, Senior Director | Private Equity, to explore a key question facing investors today: Are traditional private equity structures still the best fit for individual investors? Drawing on insights from their recent article, "The Evergreen Revolution: Rethinking How Private Equity Fits Within a Portfolio", they examine how private equity has traditionally been accessed, why the investor experience can differ significantly from headline return figures, and how newer evergreen structures are reshaping access to the asset class. You’ll hear: Why private equity structure can matter as much as manager selection The differences between traditional closed-end funds and evergreen private equity vehicles How evergreen private equity structures differ from traditional fund models Why headline IRRs don’t always reflect the full investor experience What investors should evaluate when considering private capital opportunities As private equity becomes more accessible to individual investors, this conversation explores why understanding structure, liquidity, and portfolio fit is essential when evaluating private capital opportunities.
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Markets, Volatility, and the Value of Diversification - Q2 2026 Market Commentary
07/17/2026
Markets, Volatility, and the Value of Diversification - Q2 2026 Market Commentary
Markets proved more resilient this quarter, despite ongoing inflation concerns, geopolitical tensions, and elevated interest rates. In this episode of The Wealth Exchange, Ben Jang, Portfolio Manager | Head of Fixed Income joins Jasmine Marichic, Wealth Advisor | Client Relationship Manager, to explore what drove the market rebound, where risks remain, and why diversification continues to matter in an environment where traditional portfolio relationships are changing. From AI-driven market leadership and reopened IPO markets to Canadian opportunities, fixed income, and portfolio construction, Ben shares practical insights for long-term investors navigating uncertainty. You'll hear: Why markets remained resilient despite ongoing economic and geopolitical headwinds How equities, fixed income, and real assets performed through the second quarter What higher interest rates mean for diversification and income How to think about geopolitical risk without reacting to every headline Why maintaining a balanced, diversified portfolio remains critical in today's market As the year unfolds, this conversation offers timely perspectives on navigating uncertainty, managing risk, and staying focused on long-term investment goals.
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Are Markets Giving A False Sense of Diversification?
07/06/2026
Are Markets Giving A False Sense of Diversification?
Many investors believe they're diversified, but beneath the surface, today's market is increasingly driven by a small number of companies. In this episode of The Wealth Exchange, Ben Jang, Portfolio Manager & Head of Fixed Income, joins Sean Oye, Head of Public Assets, to examine how the rapid rise of AI is reshaping today's markets, concentrating performance among a small group of companies and prompting investors to rethink what true diversification looks like. You'll hear: Why owning an index fund doesn't always mean you're truly diversified How AI is influencing companies across many industries, not just technology Why the price you pay matters just as much as the quality of the company you're buying Practical ways to build a more resilient portfolio, from looking beyond the biggest market leaders to investing in high-quality businesses with different drivers of growth Why staying diversified doesn't mean avoiding AI, it means understanding where your risks are and balancing them thoughtfully If you're wondering whether your portfolio is more concentrated than you realize, this conversation offers practical insights on staying invested, managing risk, and building resilience in an increasingly AI-driven market.
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Canada's Productivity Challenge - What Investors Need to Know
06/25/2026
Canada's Productivity Challenge - What Investors Need to Know
Canada has all of the ingredients for growth: talent, capital, resources, and innovation. So why has Canadian productivity lagged behind many of its global peers for decades? In this episode of The Wealth Exchange, Ben Jang sits down with Pedro Antunes, Chief Economist at Signal 49 Research, to explore the forces sharping Canada's economic future. They examine the opportunities and challenges facing the Canadian economy. The conversation spans productivity growth, business investment, and AI adoption, along with interprovincial trade barriers, energy infrastructure, and economic competitiveness. You'll hear: Why productivity is the foundation of long-term economic prosperity What's driving Canada's productivity gap How AI and technology adoption could transform growth The economic impact of interprovincial trade barriers Why energy, infrastructure, and investment matter for competitiveness What Canada must do to strengthen productivity over the next decade Whether you're an investor, business owner, or simply following the policy and macro picture, this conversation offers valuable insights into the trends shaping Canada's economy, productivity, competitiveness, and long-term growth outlook.
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Solve What Matters: A New Way to Think About Insurance
06/12/2026
Solve What Matters: A New Way to Think About Insurance
Insurance is often viewed as a product. But when does it become a strategic planning tool? Host James Atherton, Managing Director | Private Wealth, sits down with Samantha Findlay, Managing Director | Insurance at Nicola Wealth, to explore insurance not as a product, but as a tool for providing flexibility when it matters most. Together, they unpack how to evaluate term versus permanent coverage, when insurance truly adds value to a financial plan, and the key questions to ask, especially for business owners navigating succession and continuity planning. You’ll hear: • The difference between term and permanent insurance • How insurance can provide the flexibility to simplify your estate • Real-life examples, from family cottages to business succession • How insurance can help preserve family harmony and avoid forced asset sales • The key questions to ask before accepting any recommendation If you’ve ever wondered whether insurance is essential or simply overcomplicating your plan, this episode will help you cut through the noise and see when it genuinely adds value.
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A Model for Food Security: Inside Greater Vancouver Food Bank's Distribution Revolution
06/04/2026
A Model for Food Security: Inside Greater Vancouver Food Bank's Distribution Revolution
One in four Canadians experience food insecurity, and in Vancouver, 30% of food bank clients are employed full-time. In this episode, John Nicola sits down with David Long, CEO of the Greater Vancouver Food Bank to explore how the GVFB has transformed itself from a traditional food bank into a modern distribution model focused on fresh food, operational discipline, and long-term impact. You’ll hear: • Why Canada has enough food, yet millions still face food insecurity • How the Greater Vancouver Food Bank increased fresh food distribution from 20% to 80% • Why David Long believes food insecurity is a solvable problem • How an entrepreneurial mindset is helping reshape the response • The connection between nutrition, health outcomes, and community well-being • How surplus food can be preserved, processed, and redistributed at scale • How food inflation and an aging population are reshaping demand • The partnerships and infrastructure needed to build the food bank of the future This episode explores how innovative thinking, operational excellence, and strategic partnerships can help address one of Canada’s most pressing social challenges. Donate: Volunteer: Watch the full video episode:
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Unpacking the Attributes of Good (And Bad) Financial Advice
05/28/2026
Unpacking the Attributes of Good (And Bad) Financial Advice
Impressive credentials, a polished presentation and strong market opinions can be convincing - but they don’t always add up to good financial advice. So how can investors tell the difference? Host James Atherton sits down with Chris Warner, Wealth Advisor | Client Relationship Manager at Nicola Wealth, for a candid conversation about what quality financial planning actually looks like, why bad advice can be surprisingly persuasive, and how investors can better evaluate the guidance they receive. You’ll hear: • Why good financial advice is about decision-making over time, not just investment performance • How taxes, risk management, and real-world implementation shape long-term outcomes • The red flags that may signal product-driven or mis-aligned advice • Why confidence and sophistication don’t always signal proficiency • How strong advisors help clients avoid costly mistakes and stay accountable • A practical framework investors can use to evaluate their own advisor relationship Whether you already work with an advisor or are considering one, this episode offers a clearer lens into what real financial planning should deliver, and why the quality of advice matters more than ever.
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Stable on the Surface: Q1 2026 Market Commentary
04/30/2026
Stable on the Surface: Q1 2026 Market Commentary
Markets are finding stability, but the risks driving them are quietly shifting. Beneath the calm, questions around valuations, concentration, geopolitics, and diversification are becoming harder to ignore. Join host Jasmine Marichic and Ben Jang, Portfolio Manager | Investment Strategist at Nicola Wealth, as they unpack Q1 2026. You’ll hear: • What “normalization” really means in today’s market environment • Why strong recent returns may lead to a more muted outlook ahead • How concentration risk and the AI narrative are beginning to shift • Why fixed income may not provide the same diversification as in the past • Where opportunities are emerging beyond traditional public markets • How global market leadership is evolving beyond the U.S.
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When Life Shifts: Protecting Wealth Through Divorce, Inheritance, and Change
04/23/2026
When Life Shifts: Protecting Wealth Through Divorce, Inheritance, and Change
Major life events like divorce, inheritance, or changing family dynamics can feel deeply personal, but they often carry immediate legal and financial consequences. How can you make thoughtful decisions when emotions are high and the stakes are long-term? Host Cassandra Cross sits down with Sierra Yanish, Family Lawyer, Mediator, and Arbitrator at BDL Family Law, to explore how personal transitions quickly become legal and financial turning points. Together, they unpack the assumptions, blind spots, and emotional pressures that can shape financial outcomes for years to come. You’ll hear: • Why personal milestones can trigger legal consequences sooner than expected • Common misconceptions about divorce, inheritances, and “separate” finances • How emotional decision-making can impact long-term financial security • The importance of cash flow, support structures, and holistic planning • Why slowing down and building the right advisory team can lead to better outcomes If you’re navigating a major life transition, or want to be better prepared for one, this episode offers practical, grounded insights to help you protect your financial future and move forward with clarity and confidence.
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The Market Pendulum: Understanding Mean Reversion
04/16/2026
The Market Pendulum: Understanding Mean Reversion
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 performance. You’ll hear: • Why markets can overshoot in both directions after big moves • How investor behavior can amplify market swings • How diversified portfolios and disciplined rebalancing help manage risk • Why patience, long-term thinking, and a balanced approach matter If you want to understand market cycles and how portfolios are managed through ups and downs, this episode gives you a helpful perspective on why patience, diversification, and long-term thinking matter. Watch the full presentation here:
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Beyond The Noise: What's Currently Happening In Private Credit
04/09/2026
Beyond The Noise: What's Currently Happening In Private Credit
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 means for investors If you’re looking to better understand private credit and its role in a diversified portfolio, this episode offers a clear, practical perspective grounded in real-world experience. Note for 3:54 Nicola Private Debt Fund (Net of Fees) CAD-hedged 1 year returns: 7.3% 3 year returns: 8.6% 5 year returns: 8.3% 10 year returns: N/A Since Inception return: 8.8% Since inception date: October 31st, 2017 S&P UBS Leveraged Loan Total Return Index 1 year returns: 5.9% 3 year returns: 9.3% 5 year returns: 6.4% 10 year returns: N/A Since Inception return: 5.4% Since inception date: October 31st, 2017 Bloomberg US Corporate High Yield Total Return Index 1 year returns: 8.6% 3 year returns: 10.1% 5 year returns: 4.5% 10 year returns: N/A Since Inception return: 5.0% Since inception date: October 31st, 2017
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A Look Inside Canada’s Current Commercial Mortgage Market
04/02/2026
A Look Inside Canada’s Current Commercial Mortgage Market
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 mortgages can provide steady income and stability • How technology and AI are shaping lending decisions • Why experience, discipline, and diversification matter more than ever In today’s higher-rate, more complex market environment, this episode offers practical insight from professionals working closely with Canada’s commercial mortgage industry.
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Beyond the Podium: The Fundamentals That Last - A Conversation with Patrick Chan
03/23/2026
Beyond the Podium: The Fundamentals That Last - A Conversation with Patrick Chan
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 athletes perform under extraordinary pressure. He also shares his personal experience navigating the transition from competitive sport to a new professional chapter as a wealth planning associate at Nicola Wealth. The conversation explores the parallels between high-performance sport and long-term success in other areas of life, including the value of patience, resilience, and maintaining a long-term perspective. Patrick also discusses the importance of mentorship, teamwork, and embracing new identities beyond the arena of competition. For listeners interested in the habits and perspectives that support sustained excellence in sport, career, and life, this episode offers a thoughtful reflection on the journey behind the scenes.
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Capturing Financial Opportunity in the Private Equity Secondaries Market
03/18/2026
Capturing Financial Opportunity in the Private Equity Secondaries Market
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
03/13/2026
Real Estate’s Reset, Revisited: What’s Changed and What Hasn’t
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 renewed momentum in leasing, transaction activity, and buyer demand, plus how improving risk premiums, geopolitical uncertainty, and evolving trade dynamics are influencing today’s opportunity set. For investors navigating mixed headlines and evolving market signals, this episode provides a clear, measured perspective on where real estate stands today, and how discipline and long-term thinking may position portfolios for the next phase of the cycle.
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Succession Isn’t a Transaction: What Business Owners Often Discover Too Late
03/12/2026
Succession Isn’t a Transaction: What Business Owners Often Discover Too Late
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 used to select the next leader. The conversation explores what it means to step into leadership within a complex and rapidly growing organization. John and Chris discuss the realities of CEO succession, the importance of communication across a growing firm, and how leadership, technology, and critical thinking will shape the company’s next chapter. For founders, business owners, and leaders thinking about succession, this episode offers a candid look at how thoughtful planning and strong governance can help ensure a successful leadership transition.
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Beyond the Practice: Smart Financial Strategies for Dental and Medical Professionals
02/25/2026
Beyond the Practice: Smart Financial Strategies for Dental and Medical Professionals
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 management for growing practices, and the unique considerations around practice ownership, regulatory environments, and exit strategies. They also discuss how early planning can expand options later, from leveraging small business tax advantages to preparing for a tax-efficient sale and retirement transition. For medical and dental professionals seeking clarity on how to align their corporate structure, personal goals, and long-term wealth plan, this episode offers a grounded, holistic perspective on building flexibility and protecting it at every stage of the journey.
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Beyond the Hype: How Long-Term Investors Are Thinking About AI
02/19/2026
Beyond the Hype: How Long-Term Investors Are Thinking About AI
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 paper “The AI Gold Rush” and his background in technology, the conversation explores the scale of AI infrastructure spending, the gap between investment and earnings, and why productivity gains have so far fallen short of the most optimistic forecasts. For investors looking to move beyond headlines and understand how AI fits into a disciplined, long-term investment framework, this episode offers a thoughtful, grounded perspective on where we may be in the cycle, and how patience, selectivity, and realism matter most as the story continues to unfold.
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5 Mistakes Even Seasoned Investors Can Make
02/05/2026
5 Mistakes Even Seasoned Investors Can Make
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 discipline can drift, risk can quietly increase, and well-intentioned decisions around taxes, liquidity, and portfolio structure can have unintended consequences. The discussion challenges common assumptions about experience and safety, and highlights why strong markets can be just as dangerous as volatile ones. For investors who want to protect what they have built and sharpen their decision-making before mistakes become potentially expensive, this episode offers perspective, clarity, and a timely reminder that lasting success is rarely accidental.
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Why Infrastructure Can Be a Steady Force in a Volatile Market
01/29/2026
Why Infrastructure Can Be a Steady Force in a Volatile Market
Infrastructure continues to play a distinct role in portfolios, particularly during periods of economic and market change. In this episode of The Wealth Exchange, host Jasmine Marichic, Wealth Advisor | Client Relationship Manager at Nicola Wealth, speaks with Ashley Ng, Senior Director and Head of Infrastructure Investments, and Sebastian Nicholson, Principal, Infrastructure Investments, about infrastructure. Drawing on real-world examples, from power grids and data centres to energy transition assets, the conversation explores how infrastructure generates cash flows, responds to inflation, and behaves in shifting interest rate environments. Ashley and Sebastian also discuss current areas of focus, including digital infrastructure supporting AI, energy security, and the role of private capital in upgrading essential infrastructure. This episode offers a clear, practical discussion for investors looking to better understand how infrastructure may fit within a diversified portfolio.
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What Are You Really Passing Down? Values, Wealth, or Confusion
01/23/2026
What Are You Really Passing Down? Values, Wealth, or Confusion
Legacy is often treated as an end-of-life conversation, but what if it is actually a daily practice? In this episode of The Wealth Exchange, host Cassandra Cross is joined by Teresa Virani, Executive Director of Philanthropy at Nicola Wealth, to explore how legacy is shifting from an end-of-life concept to a lived and intentional practice. Drawing on her work with families across Canada, Teresa shares how wealth becomes most meaningful when it is directed with purpose rather than simply accumulated. The conversation examines how philanthropy can strengthen family connections, prepare the next generation for stewardship, and bring clarity to wealth transfer conversations that often feel complex or emotional. Together, Cassandra and Teresa discuss how women are redefining wealth through confidence, collaboration, and long-term thinking. They explore everything from involving children earlier in financial conversations to using strategic giving tools that align generosity with values and long-term planning. For women and families looking to approach wealth with greater intention, this episode offers a thoughtful perspective on how legacy is built in real time through the choices we make, the conversations we have, and the values we choose to live by.
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The Global Infrastructure Opportunity Hiding in Plain Sight
01/15/2026
The Global Infrastructure Opportunity Hiding in Plain Sight
Infrastructure underpins everything from energy to transport... but how do the world's largest investors decide where to place billions in long-term capital? In this episode of The Wealth Exchange, host Robert Olsen is joined by Thomas Vieillescazes, Partner and Head of CVC DIF France, the infrastructure arm of global investment firm CVC. Alongside co-host Sebastian Nicholson, they explore how global infrastructure investing requires local teams with boots on the ground. From public-private partnerships to renewable energy, Thomas shares what it takes to manage major infrastructure assets, navigate complex regulations, and uncover opportunity in changing markets. With over €19 billion in assets under management, CVC DIF offers a rare, behind-the-scenes look at how large-scale infrastructure deals really come together.
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Markets Defy the Noise: Q4 2025
01/08/2026
Markets Defy the Noise: Q4 2025
In this quarterly edition of The Wealth Exchange, Nicola Wealth Portfolio Manager and Investment Strategist Ben Jang joins host Jasmine Marichic to unpack what powered market resilience this year, and what it means for investors heading into 2026. Ben breaks down how rate cuts without recession, durable earnings, and an AI-driven capital spending cycle supported equities, while late-year rotation signaled a shift beyond crowded growth trades. He explores how AI is evolving from hype to payoff, why energy has split into two distinct paths, and how tariffs and political change shaped inflation and bond markets. Looking ahead to 2026, the conversation focuses on portfolio positioning in an expensive market - why diversification matters more than ever, how bonds and currencies are behaving differently, and where opportunities may emerge after a strong run.
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Federal Tax Shifts Explained: Enhancements, Risks & Planning Insights
12/18/2025
Federal Tax Shifts Explained: Enhancements, Risks & Planning Insights
With new tax credits, compliance updates, and evolving regulations, Canada’s tax landscape can be challenging to navigate. In this episode of The Wealth Exchange, Ethan Astaneh, Wealth Advisor | Client Relationship Manager at Nicola Wealth, sits down with Matt Baker of Baker Tilly, one of Canada’s largest independent accounting and business advisory firms, to break down what these recent changes mean for planning, investment, and compliance. Drawing on his extensive experience guiding clients through tax planning, compliance, and investment strategies, Matt explores both the enhancements designed to encourage investment, such as expanded SR&ED credits, flow-through share incentives, accelerated capital deductions, and the potential pitfalls that business owners need to watch for, from AMT considerations to emerging CRA review priorities. For business owners and investors seeking clarity, this episode offers a practical, expert-led perspective on navigating Canada’s evolving tax landscape, highlighting the areas of opportunity, the areas of risk, and what thoughtful planning can achieve. For details on Baker Tilly’s advisory services, or to connect with Matt Baker, visit
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Closing Out the Year: Important Tax and Planning Tips for Canadian Investors
12/11/2025
Closing Out the Year: Important Tax and Planning Tips for Canadian Investors
As 2025 comes to an end, many investors are weighing what the close of the year means for their financial picture and what steps are worth taking before the calendar turns. Understanding what matters most at year-end can help ensure your financial picture stays on track heading into 2026. In this episode of The Wealth Exchange, host James Atherton, Vice President of Private Wealth | Client Relationship Manager, sits down with Chris Warner, Wealth Advisor | Client Relationship Manager in our Victoria office, to break down the seven key planning items worth reviewing before year-end. Together they walk through practical considerations around tax-loss selling, charitable giving strategies, RIF and RRSP deadlines, maximizing TFSA room, how to use the FHSA effectively, and what parents should know about RESP contributions and available grants. James and Chris take a clear, conversational look at each topic, highlighting what’s changed this year, what commonly gets missed, and how thoughtful preparation now can help you enter the new year with confidence, without any last-minute financial surprises.
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Real Estate's Reset: What Today's Valuations Are Really Telling Us
12/04/2025
Real Estate's Reset: What Today's Valuations Are Really Telling Us
Real estate headlines have been dominated by uncertainty, from higher interest rates to shifting valuations and tightened liquidity. But for investors, the real question is what all of this means for the next phase of the cycle. In this episode, host Rob Olsen, Head of Nicola Wealth Private Capital, speaks with Mark Hannah, Head of Real Estate at Nicola Wealth, about the current state of the real estate market. With more than 40 years of experience navigating rising rates, recessions, and recoveries, Mark shares a long-term perspective on how real estate cycles typically unfold and what indicators he’s watching closely today. The conversation covers the areas shaping investor outcomes right now, including the state of debt markets, the impact of valuations, how liquidity is evolving, and why redemption activity has increased across the industry. For investors looking to understand where real estate may be heading next, this episode offers a clear, grounded view of a sector in transition and what patience and preparedness can mean over the long term.
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How Credit Secondaries Fit Into Today’s Private Credit Market
12/01/2025
How Credit Secondaries Fit Into Today’s Private Credit Market
In this episode of The Wealth Exchange, Rob Olsen, Head of Private Capital, is joined by Stacey Mouadeb, Director in Nicola Wealth’s private debt platform, for a conversation with Rick Jain, Partner and Global Head of Private Credit at Pantheon. Together, they break down credit secondaries: what they are, how they work, and why more institutions are using them to create liquidity, rebalance portfolios, and manage risk. Rick explains how buying existing portfolios of loans at a discount can help investors seek income, diversification, and potential upside, while still putting capital protection first – a key difference from traditional private equity secondaries. The discussion also follows Rick’s path from growing up in Toronto to building a global private credit platform in New York, and explores how Pantheon and Nicola Wealth think about quality, scale, and downside protection in today’s environment. Whether you’re already invested in private credit or simply curious about how this part of the market works, this episode offers a clear, practical introduction to an area that is becoming increasingly important for investors.
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The Heart of Giving: A Conversation with Dr. Chris and Leslie Reilly
11/28/2025
The Heart of Giving: A Conversation with Dr. Chris and Leslie Reilly
In this episode of The Wealth Exchange, host Tim Stranks, Wealth Advisor and Director of the Nicola Wealth Private Giving Foundation, sits down with Dr. Chris and Leslie Reilly to talk about the purpose and impact behind their lifetime of philanthropy. As longtime Nicola Wealth clients and dedicated supporters of BC Children’s Hospital, the Reillys share how their personal experiences, professional lives, and family values shaped their commitment to giving. Chris reflects on his career at BC Children’s as a current surgeon and former Head of Orthopedic Surgery, the mentors who guided him, and the transformational role donor support plays in equipment, research, and global medical training. Leslie offers her perspective from both social work and community involvement, highlighting how meaningful giving extends far beyond financial contributions. Together, they discuss how planned philanthropy helped them become more intentional with their support, how donor-funded advancements have changed children’s lives, and why giving has become a central part of their family’s legacy. Their story illustrates how thoughtful philanthropy can drive measurable results.
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Investing in You: The Return on Self-Investment for Women
11/13/2025
Investing in You: The Return on Self-Investment for Women
In this episode, hosts Cassandra Cross, Wealth Advisor | Client Relationship Manager, and Selena Woo, Vice President, Private Wealth – Associates, explore what it truly means to invest in yourself, personally, professionally, and financially. Drawing from their own experiences, Cassandra and Selena share how self-belief, strategic choices, and intentional self-care can create lasting returns that extend beyond financial success. From Selena’s philosophy of “decades of compounding confidence” to Cassandra’s lessons on balance after burnout, they offer practical insights on how women can redefine wealth, success, and legacy on their own terms. Recognizing yourself as your greatest asset can change everything. Every decision to invest in your growth, whether paying down debt, pursuing new opportunities, or prioritizing well-being, builds confidence, resilience, and long-term impact.
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