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

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.

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.

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.

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.

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.

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.

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.

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.

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.