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.

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 https://www.bakertilly.com/

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.

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.

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.

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.

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.

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.

What does it take to build lasting value in a world where markets and technology are evolving faster than ever? In this episode of The Wealth Exchange, host Rob Olsen, Head of Nicola Wealth Private Capital, and co-host Kent Sio, Principal, Private Equity and Venture Capital, sit down with Perry Miele, Managing Partner at Beringer Capital, for a dynamic conversation on the future of private capital.

From navigating NAFTA negotiations to leading global businesses, Perry shares thoughtful lessons on leadership, digital transformation, and the growing influence of AI in modern investing. He also discusses the importance of staying disciplined in a shifting market and why optimism and long-term thinking remain essential to success in private equity.

Behind every career move, family milestone, and household decision lies a financial story that rarely gets told. In this episode, Cassandra Cross, Wealth Advisor and Client Relationship Manager at Nicola Wealth, sits down with estate lawyer Christianne Murphy to explore the often-overlooked "invisible load" women carry, especially during major life transitions like marriage, motherhood, caregiving, or career changes.

Together, they unpack the emotional and financial weight of this hidden labour, share personal stories, and offer actionable strategies to help women protect their financial identity, plan with confidence, and create space for their own goals.