The Wealth Exchange

Show Summary:

Ron Haik, Nicola Wealth’s Ontario Regional Manager, speaks with Rob Wildeboer, Executive Chairman and Co-Founder of Martinrea International Inc., a global auto parts supplier with over 12,000 employees in the United States, Canada, Mexico, Brazil, Europe, and China.

In this episode, Ron and Rob cover a number of topics related to entrepreneurship. They discuss why he built the organization, how he built it, and the core values that have allowed Martinrea to succeed.

Rob also shares how they maintain a shared vision with their international teams, the key players that have influenced his career as an entrepreneur, and the key traits that make up a successful entrepreneur.

Key Takeaways:

[:28] About today’s episode.

[1:31] Rob tells the story of how he got started in the automobile parts industry as an entrepreneur.

[4:30] What continues to inspire and motivate Rob as an entrepreneur?

[5:45] Rob highlights some of the core values that allow Martinrea to succeed.

[7:49] How do they maintain a shared vision with their international team?

[10:50] Rob speaks about some of his mentors and the key players that have influenced his career.

[12:56] Rob speaks about the importance of maintaining relationships within your profession.

[15:07] How does Rob handle challenges?

[16:54] How Rob focuses and recharges when life and work get busy!

[19:50] Rob gives his advice for entrepreneurs and highlights key traits of successful entrepreneurs.

[23:14] If Rob could start his career over, what would he do differently? Overall, how does he feel about his career progression?

[26:48] What would Rob tell his high school self about the journey he is about to embark on? He also shares how Martinrea supports students in high school through a co-op.

[29:58] Ron thanks Rob for joining the podcast and sharing his insights.

Mentioned in this Episode:

Martinrea International Inc.

Guest Bio

Rob Wildeboer

Rob Wildeboer is the Executive Chairman and co-founder of Martinrea International Inc., a global auto parts supplier specializing in automotive fluid systems and metal forming products. The firm has over 12,000 employees in 50 divisions in the United States, Canada, Mexico, Brazil, Europe, and China. Previously, Rob was with Stikeman, Elliot as a lawyer, as well as an Associate Professor of Law at Osgoode Hall Law School, and a regulator with the Ontario Securities Commission.

For his full bio, visit: MacdonaldLaurier.ca/About/Who-is-Involved/Rob-Wildeboer

About Your Host — Ron Haik

Ron Haik is a Senior Financial Planner in the firm’s Toronto office, with over 20 years of experience in the financial services industry. He has gained a breadth of experience working with some of the world’s largest financial institutions advising clients in a variety of roles, such as Financial Planner and Investment Advisor, in the areas of domestic and offshore planning for the high net worth segment.

For his full bio, visit: NicolaWealth.com/Our-Team/Ron-Haik

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM Fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Show Summary:

Host Ethan Astaneh speaks with Jeff Ryan, Portfolio Manager of Nicola Wealth’s Sustainable Innovation Fund. Over the years, Nicola Wealth has received increasing interest from its clients to have more options to make purpose-driven investments. In many of these conversations, clients expressed a desire to invest directly into the companies and industries that are focused on renewable energy, clean technologies, as well as those operating sustainably.

While Nicola Wealth has made investments in these funds through their various others, they now have a mandate that’s specifically dedicated to it.

In this episode, Ethan and Jeff are explore what it means to make sustainable and innovative investments — specifically surrounding renewable energy, innovative transportation, water infrastructure, and clean technology. They discuss the benefits of investing in these spaces, current developments, and some of the advantages available to the companies and industries that adopt them.

Key Takeaways: [:33] About today’s episode. [1:06] Ethan welcomes Jeff Ryan to the podcast. [1:09] What renewable energy is. [1:54] How solar and wind work to produce energy. [2:41] Are existing companies exploring these alternative energy sources or are only brand new companies giving them a try? [3:53] Is it going to take a while for renewable energy sources to become a more popular alternative? What are some of the challenges that are preventing companies from taking the leap to renewable energy? [4:42] Jeff gives his take on the current status of innovative transportation and what he categorizes as innovative transportation beyond electric vehicles. [6:26] Are there any developments with regards to rail transportation? Is it considered innovative transportation?[7:21] Does Nicola Wealth’s Sustainable Innovation Fund’s water infrastructure include clean or dirty water — or both? [8:14] Which kinds of companies are involved in the space of water infrastructure? [9:18] Will the efficiency of water infrastructure become more important as populations expand? [9:48] Are there any specific technology that’s being developed in regards to water infrastructure? [10:38] Are the companies that operate in these various themes typically distinct? Which are the outliers? [11:57] The next theme Nicola Wealth invests in is clean technology. Jeff describes what it is and gives some examples. [14:27] Whether it’s the federal, provincial, or national government, how they are involved and how does it impact the companies? Do they get tax credits or tax breaks? [16:01] Jeff describes what the next theme, green bonds, is. [17:10] Is the basic premise that as an investor part of your return is knowing that you are making a difference or is it more competitive than that? [17:49] In terms of the themes Ethan and Jeff have discussed, are there any in particular that Jeff sees as advancing or ahead of the rest in terms of its investment opportunities? [18:32] Jeff talks about where we are currently in this long story of a movement towards sustainable and innovative investment.

Mentioned in this Episode: Bloomberg New Energy Finance (BNEF)

Guest Bio Jeff Ryan is the Portfolio Manager of Nicola Wealth’s Sustainable Innovation Fund. Jeff joined the Nicola Wealth Portfolio Management Team in October 2015 after playing the integral role of Portfolio Trader on our Investment Services Team. When joining Nicola Wealth in 2013, Jeff brought his experience working as an Associate for one of Canada’s major financial institutions.

For his full bio, visit: NicolaWealth.com/Our-Team/Jeff-Ryan

About Your Host — Ethan Astaneh Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession, and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

For More Information on this Week’s Episode, Visit: www.NicolaWealth.com/Category/Podcasts

Disclaimer: This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM Fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Show Summary:

Rob Edel, Chief Investment Officer at Nicola Wealth, joins the Wealth Exchange podcast to provide a Market Commentary with host Ethan Astaneh. Together, they will be taking a look back at Q4 2019 and what 2020 has in store for the markets. 

They discuss the key themes on the market and what that means for the 2020 markets. This includes the continuing trade war, the 2020 election, future economic and the monetary policy, and some of the current headlines.

Key Takeaways:

[:32] About today’s episode.

[:51] Ethan welcomes back Rob Edel to the podcast.

[:56] Rob brings listeners up to speed on the U.S.-China trade war, explains what has developed over the last quarter, and gives his predictions for the market next year.

[3:18] In Rob’s last commentary, he made reference to the U.S.-China trade war almost being a ‘cold war’-type long arc story in that it’s a competition in many aspects. Is that one of the reasons why Rob feels this trade war is going to be such a long arc story?

[4:25] Rob gives some updates and predictions on the upcoming 2020 U.S. election.

[6:36] Which markets will be most impacted due to the trade war, the 2020 election, the economy, and the monetary policy?

[7:53] Rob explains what is currently giving him confidence in the economy and why he doesn’t see a recession in the future.

[8:37] Rob highlights some notable factors that listeners should be aware of from an economic perspective outside of the U.S.

[10:15] Rob explains what could lead to inflation.

[12:55] Rob and Ethan touch on some events in current headlines, such as heating up in the Middle East and the conflict now with the U.S.’s involvement.

[14:53] Continuing to take a look at current headlines, Rob shares his current thoughts on Brexit.

[15:43] Lastly for current headlines, Rob speaks about climate change and the brush fires of Australia.

[16:52] Ethan thanks Rob for his time today and wraps up this week’s episode.

Mentioned in this Episode:

The Wealth Exchange Episode: “Market Commentary: Slowing Global Growth and the Upcoming U.S. Election”

Guest Bio

Rob Edel

Rob is the Chief Investment Officer at Nicola Wealth.

Before joining the team at Nicola, Rob spent nine years working for one of Canada’s largest money managers and — most recently — as a Portfolio Manager responsible for managing U.S. equities for the firm’s high net worth clients. Previous to that, he spent seven years working for the Treasury Department of a Major Canadian Chartered Bank, splitting his time between Vancouver and Toronto. Rob has completed his CFA and is a member of the Association for Investment Management and Research (AIMR).

For his full bio, visit: NicolaWealth.com/Our-Team/Rob-Edel

About Your Host — Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession, and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Host Ethan Astaneh speaks with Treana Peake — business owner, entrepreneur, and philanthropist.

An act of kindness set Treana on a philanthropic path when she was only eight years old, when an envelope of money was anonymously slipped under her family’s front door. For Treana and her mother, that envelope was everything when they had nothing. When the envelope kept anonymously coming every year, this set Treana on a mission to pay it forward.

She started the Obakki clothing line in 2005. Based in Vancouver, the luxury label is an extension of Peake and has been seen on celebrities like Gwyneth Paltrow and Kate Hudson, and has been featured in international publications such as Vogue UK and Elle.

In 2009 the Obakki Foundation was formed, with a focus on bringing clean water, education, sustainable agriculture and medical care to parts of Africa, in particular South Sudan, Uganda and Cameroon. Since 2009 the foundation has provided 900 water wells and supported more than 12 schools improving the lives of over 3 million people. Bridging the two, all administration costs for the foundation are absorbed with profits from the clothing line.

In this episode, Treana shares her incredible journey in both entrepreneurship and philanthropy, and how she has been able to seamlessly combine the two. She also provides tips on how parents can involve their children in their own philanthropic journey, as well as the many incredible success stories and the challenges that she and her team face through the work they do at the Obakki Foundation.

[:30] About today’s episode.

[1:00] Ethan welcomes Treana Peake on to the show!

[1:04] Treana shares the story that paved her path to philanthropy.

[3:58] How did Treana begin to give back after the seed of philanthropy was planted for her?

[5:15] Treana speaks about the clothing line she started.

[6:36] How does Treana manage running a business along with her philanthropic efforts through her foundation? And how does the Obakki fashion brand help support the charity?

[7:57] Treana speaks about what the Obakki Foundation was like in its early days and how it has developed into what it is today!

[9:52] What is on Treana’s roadmap for the Obakki Foundation? And of the work they’re doing right now through the charity, what is she most excited about?

[13:12] What led Treana from being charitable in her local community to pursuing efforts in Africa?

[14:28] What was Treana’s first trip to Africa like? How is the back-and-forth travel for her now?

[15:33] Treana shares her journey of raising awareness through her speaking engagements.

[18:10] Does Treana find that there’s a ripple effect in the work that she’s doing? (i.e. is the seed of philanthropy being planted in those she’s helping as well?)

[20:02] Treana debunks some common misconceptions around philanthropy.

[21:55] How does Treana instill the commitment to philanthropy in her own children?

[24:15] Treana gives some ideas on how to help get your children more inspired and involved in philanthropy.

[26:08] How philanthropy actually helps you personally and professionally in your other endeavors.

[27:40] Does Treana ever plan on stopping her philanthropy work?

[29:01] If Treana could deliver a message to her younger self, what advice would she impart?

[30:37] Treana speaks about some of the individuals and entities that helped make her foundation and mission possible.

[32:11] Ethan thanks Treana for joining the podcast!

Mentioned in this Episode:

Obakki Foundation

Obakki (Fashion Brand)

Unicef The Carter Center

Treana Peake

Treana Peake is an entrepreneur, speaker, and humanitarian who is inspired by the potential of people. An act of kindness set Treana Peake on a philanthropic path when she was only 8 years old, when an envelope of money was anonymously slipped under her family’s front door. For Treana and her mother, that envelope was everything when they had nothing.

Treana started the Obakki clothing line in 2005. Based in Vancouver, the luxury label is an extension of Peake and has been seen on celebrities like Gwyneth Paltrow and Kate Hudson, and has been featured in international publications such as Vogue UK and Elle.

In 2009 the Obakki Foundation was formed, with a focus on bringing clean water, education, sustainable agriculture and medical care to parts of Africa, in particular South Sudan, Uganda and Cameroon. Since 2009 the foundation has provided 900 water wells and supported more than 12 schools. All administration costs for the foundation are absorbed with profits from the clothing line.

Having travelled to Africa over 60 times, Treana continues to facilitate sustainable solutions such as vocational farms, solar panel water systems and educational support that help the people she now calls family.

Recognized as an influential speaker in the field of social entrepreneurship, Treana has spoken about clean water solutions in front of the U.S. Congress and United Nations. Her work in the field has also been recognized and endorsed by UNICEF and The Carter Center. Treana believes that giving back can be a part of every person’s life. Her approach to philanthropy seeks to modernize the idea of charity, making it relatable and allowing everyone to play a role in sustainable social impact.

Her efforts have brought water to 2 million people and she has supported the educational needs of thousands of children.

For her full bio, visit: ObakkiFoundation.org/Meet-the-Founder

About Your Host — Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession, and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Show Summary:

Host Ethan Astaneh is speaks with Nicola Wealth Portfolio Manager, Ben Jang, who manages the Alternative Strategies fund. 

Together, Ethan and Ben discuss what investing alternative strategies means. Ben not only gives listeners a high-level summary of this lesser understood asset class, but also provides tangible examples and weaves the high-level understanding with the tactical strategies being employed — ultimately, providing listeners with better clarity into how Nicola Wealth’s money in this fund is being invested.

Key Takeaways:

[:33] About today’s episode!

[1:02] Ethan welcomes Ben Jang on to the podcast.

[1:20] What is the role of alternative strategies in a portfolio? What is it trying to achieve?

[3:02] Ethan and Ben recap the role of alternative strategies in a portfolio.

[3:31] Within the alternative strategies category, it is a bit of a melting pot. Ben gives a rundown of the different strategies within it starting with a multi-strategy hedge fund strategy.

[7:45] What a global macro strategy is.

[8:10] Ben explains another type of strategy with the alternative strategies category: an event-driven strategy.

[12:57] Ben explains what future funds are (which are another strategy within the multi-strategy fund).

[15:13] How are these types of investments generally delivering their returns? Are these investments generally paying a regular cash flow or is the value fluctuating up and down?

[16:50] Generally, are these types of investments trying to behave like fixed income where, regardless of the form of the investment income, they’re trying to deliver some form of cash flow?

[17:35] In the current market environment, how does Ben, as a Portfolio Manager, determine how much Nicola Wealth should have in each of the strategies?

[22:33] When Ben is vetting managers, is he looking for alignment in his world view or is he looking diversification rather? And how tactical is he trying to be when picking these groups?

[23:42] Ethan and Ben highlight the importance of trusting your group of managers’ processes as the environment is always changing.

[25:14] Ethan thanks Ben for joining the podcast!

Guest Bio

Ben Jang

Ben joined Nicola Wealth in September 2012 with extensive experience working for several multi-billion dollar investment management firms focusing on global equity, GTAA, and market neutral funds. Most recently, he was on the institutional portfolio management team of a Vancouver-based firm and was responsible for quantitative strategies and optimization of portfolios.

For his full bio, visit: NicolaWealth.com/Our-Team/Ben-Jang

About Your Host — Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession, and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Show Summary:

Host Ethan Astaneh speaks with Jason McLennan, a prominent figure in the green building movement.

Jason is a highly sought designer, consultant, and thought leader around the world — even referred to as the ‘Steve Jobs’ of the green building industry. His company, McLennan Design, was formed with a clear overarching purpose: to make a significant positive change in the world, with a particular focus on deep green, regenerative design solutions.

In their discussion today, Jason explains what a living building is and why it is so important in the global effort to tackle climate change. He elaborates on how individuals and organizations can achieve the status of a living building, what it is like working on a living building (as well as living in one), how technology intersects and whether or not it is possible to upgrade a pre-existing structure into a living building.

Key Takeaways:

[:33] About today’s episode.

[1:22] Jason explains what a green building is and distinguishes the differences between it and a living building.

[2:19] Jason explains the analogy that "a building is like a flower," that he mentioned in his TEDx Talk.

[4:14] Jason explains the Living Building Challenge and the Living Community Challenge.

[5:47] How do you achieve the status of a living product or a living building? Is it a call-to-action or a certification?

[7:20] Jason gives an example of a well-known living building.

[8:28] Who is leading this global effort and who is supporting it?

[10:03] How did Jason end up getting involved with living buildings? And what sorts of resistance and obstacles has he encountered along his journey?

[12:16] As the CEO of McLennan Design, is Jason actively designing and building these living buildings?

[13:29] What is it like living or working in a living building? Do you have to change your standard of living at all or compromise design?

[15:33] Jason highlights some common misconceptions about living buildings.

[16:29] The cost of creating a living building.

[17:49] Is it possible to improve pre-existing buildings to make them more green and ‘living?’

[19:10] Does there have to be a specific geographic setting in order to make living buildings work?

[21:56] How does technology intersect with living buildings?

[23:05] How are the teams assembled for these living building projects?

[24:23] Are schools beginning to teach and embrace the ideas that stem from living buildings?

[25:37] Are governments doing anything right now to incentivize the building of these green and living buildings?

[27:17] Jason recaps today’s discussion and reiterates why living buildings are incredibly important — especially in today’s environment.

Mentioned in this Episode:

McLennan Design

Nicola Sustainable Innovation Fund

“Living Buildings for a Living Future | Jason McLennan | TEDxBend” (Video)

LEED (Leadership in Energy and Environmental Design)

Living Building Challenge

Living Community Challenge

Living-Future.org

Bullitt Center

Bullitt Foundation

Guest Bio

Jason McLennan

Jason is a highly sought out designer, consultant, and thought leader around the world — even being referred to as the ‘Steve Jobs’ of the green building industry. He is the Founder and Chair of the board of the International Living Future Institute and Cascadia Green Building Council, a chapter of both the United States Green Building Council and the Canada Green Building Council.

His company, McLennan Design, was formed with a clear overarching purpose: to make a significant positive change in the world, with a particular focus on deep green, regenerative design solutions as their means. They exist to be change agents — using design and consulting as a powerful tool for transformation.

Jason is the recipient of numerous industry awards and in 2012  was also appointed to join Deepak Chopra, Dick Gephardt, Mel Matinez and Terry McAuliffe on the advisory board of Delos, a wellness real estate development firm founded by Paul Scialla. He is also member of the Clinton Global Initiative.

For his full bio, visit: McLennan-Design.com/About/Jason-F-McLennan

About The Host — Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals, and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

Show Summary:

Dr. Younger is an Orthopaedic Surgeon and Specialist at Footbridge Clinic and St. Paul’s Hospital in Vancouver, BC. He is also a Professor at the University of British Columbia where he leads the Foot and Ankle Research Office.

Dr. Younger moves the needle meaningfully with regards to health — not just in his own, direct work, but in his involvement in research and medical databasing which he has helped pioneer internationally. Orthopedic surgery is the largest surgical service in British Columbia — but this is not a well-known fact. Using new technology, he and those he works with, are improving patient outcomes meaningfully.

Dr. Younger builds a compelling case on why this area, in particular, deserves more attention. Tune in to hear more about Dr. Younger’s work in the areas of orthopedics, some of the incredible strides he has made in the space, the challenges he sees for both the patients and the clinics/hospitals looking to treat them, and how philanthropy can solve many of these issues and challenges.

Key Takeaways:

[:29] About today’s episode.

[1:40] Host, Ethan Astaneh, welcomes Dr. Alastair Younger to the podcast!

[1:45] How did Dr. Younger first get involved with medicine? What has his career journey been like?

[2:41] What brought Dr. Younger to North America?

[3:46] How the space of orthopedics has evolved over the past few decades.

[5:03] Dr. Younger provides some background on a recent article about a motorcycle accident that led to a transformational recovery by an orthopedic surgeon.

[9:00] What are some of the challenges that patients and their families are facing as they try to seek care in the space of orthopedics?

[11:18] What are some of the challenges patients might face in terms of diagnosing the issue, wait times, and treatment?

[13:55] How Dr. Younger is helping move the needle in addressing these issues (especially in regards to wait times).

[16:00] The challenges Dr. Younger has faced in addressing these issues.

[18:20] By moving into this model with clinics, what are the benefits for hospitals?

[19:38] Why can’t this model be easily blueprinted? What are some challenges in trying to blueprint this model?

[22:39] Can philanthropy help solve a lot of these issues for what clinics need?

[24:45] How can someone support these efforts or contribute specifically to the expansion of the Footbridge Clinic and St. Paul’s Hospital?

[28:28] The importance of focusing on research in the space.

[33:19] Dr. Younger leaves the podcast with some fantastic parting thoughts around the impact and value of giving towards the healthcare system.

[36:44] Ethan Astaneh thanks Dr. Younger for joining the podcast as well as for his contributions in healthcare!

Mentioned in this Episode:

Footbridge Clinic

St. Paul’s Hospital

“B.C. motorcyclist who collided with deer walks again thanks to 3D-printed bone replacement,” by Pamela Fayerman (Vancouver Sun Article)

Footbridge Foundation

Guest Bio

Dr. Alastair Younger

Dr. Alastair Younger is an Orthopaedic Surgeon. His areas of specialty are in joint replacement, foot, and ankle. Dr. Younger is also a tenure track professor at the University of British Columbia in recognition of his role as a researcher and teacher and is the head of the Distal Extremities division at the University of British Columbia. At the University of British Columbia, he leads the foot and ankle research office. He is also currently the President of the British Columbia Orthopaedic Association (BCOA).

Dr. Younger is active on many committees at the Canadian Orthopaedic Association and the American Orthopaedic Foot and Ankle Society and has been in practice for 21 years at St. Paul’s hospital where he initiated the foot and ankle program.

Dr. Younger has dedicated his research efforts into trying to improve the experience of surgery for patients by improving outcomes and reducing adverse events.

For his full bio, visit: FootbridgeClinic.com/Team/Dr-Alastair-Younger

About Your Host — Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: NicolaWealth.com/Our-Team/Ethan-Astaneh

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM Advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Host Ethan Astaneh, Nicola Wealth Financial Advisor, speaks with Chief Investment Officer Rob Edel to provide a market commentary on Q3 2019.

Rob provides a market update and discusses factors that are impacting markets leading to slowing global growth, including the continuing trade war, the upcoming U.S. election and the policy uncertainty that comes along with that outcome. 

Key Takeaways:

[:55] Ethan welcomes Rob back to the podcast.

[1:14] Rob provides a recap and an update on the situation between the U.S. and China and the status of the trade tensions.

[3:43] What Rob has been paying attention to in the last few months in regards to key economic indicators to identify the health of the global economy.

[5:18] Does Rob view the timing of a recession being influenced by what’s happening in the interest rate cycle?

[6:22] Does Rob think that if we continue to stay in this low interest rate environment that a recession would be less imminent?

[8:02] Rob elaborates on why investors should be careful to not be too bearish in their stance as to not de-risk their portfolios too much in anticipation of a recession.

[9:09] Are there any developments that Rob has identified as issues that markets wouldn’t exactly be very good at pricing in or, with there being so much uncertainty around them, that it would be too difficult to do so?

[10:45] As we navigate forward, what type of considerations will drive how we’re positioning with regards to stock market investing? Is this a time to be focusing on the defensive sectors or is there a more preferable approach to take?

[11:42] Rob speaks about how yield-oriented investments would generally function as we transition into and through a recession (and why we hold onto them.)

[12:42] Rob gives his predictions on some of the key economic things that Canada will be facing over the next several years considering the approaching election.

[14:12] Would it be a fair statement to say that negative interest rates are still largely a conceptual construct?

[15:25] Rob gives his thoughts on the evolving area that is climate change.

[17:20] How Rob sees the next several months panning out from the perspective of the trade war and what certain outcomes in the U.S. election might mean.

[19:10] Rob speaks about the role that private assets have in a portfolio (as opposed to publicly traded assets) and the value of holding those types of assets.

This week on The Wealth Exchange, David Sung, President of Nicola Wealth Management, will be your host. He’s kicking off a new segment called ‘Lead Impact,’ where they’ll be meeting with successful leaders to learn how they use their influence to create impact and inspire change within their community and beyond.

For their first guest on this new segment, David is joined by Frank Giustra — businessman, philanthropist, and mining pioneer. Frank is the CEO of the Fiore Group of Companies; a private firm managing a broad portfolio of private equity investments in companies specializing in food and lifestyle, art and entertainment, and has a proven track record in financing and building natural resource companies. Frank’s entrepreneurial successes include founding Lionsgate Entertainment (now one of the world’s largest independent film companies).

During this episode, David and Frank discuss the markets and the recent attraction to gold, his advice for living a balanced life (including how he teaches his kids about wealth), and his strategy for philanthropy. Tune in to hear Frank’s invaluable insight on how he uses his influence to create impact and inspire change!

Key Takeaways:

[:29] David Sung speaks about The Wealth Exchange’s new segment: Lead Impact, and introduces the special guest this week, Frank Giustra.

[1:32] David welcomes Frank on to the podcast.

[2:42] Frank gives some background on how he got started in the precious metals space and became interested in gold in particular.

[9:09] A bank in Denmark was the first to issue a negative interest rate mortgage. This may seem like a great thing for a homeowner, but as Frank explains, it might not be all good.

[11:52] Frank’s thoughts on the public equity market.

[13:27] In addition to gold as a hard asset, where else does Frank recommend someone put their capital? Would real estate be a consideration? And what percentage of someone’s portfolio should be in gold?

[14:35] Frank has been quoted to say that gold will reach new highs in this phase and cycle but also faces an ugly future. He elaborates on what he meant by that. Are we looking at a large percentage drop in the market?

[20:11] Should we be stocking up on physical gold?

[22:20] How does Frank recommend we prepare the next generation for the future economy and the transition of wealth, both as an investor and as a parent?

[26:40] Frank reveals the five secrets to living a balanced life.

[35:35] With so many people in the world who need help and support, when is it okay to stop or take a break for your own wellbeing? And where is he currently at with other crises is he involved in (such as the crises in Syria and Venezuela)?

[42:56] When does family and philanthropy cross over for Frank? And when did he begin to engage his children in doing philanthropy themselves?

[46:06] Frank explains his approach to philanthropy as well as his succession plan for philanthropy.

[47:57] Frank gives his parting words of wisdom on entrepreneurship and philanthropy.

Mentioned in this Episode:

Frank Giustra’s LinkedIn

FrankGiustra.com

Gold Corp.

Fiore Group

Frank’s first article: “A Tarnished Dollar Will Put The Shine On Gold”

“What If Money Was No Object? - Alan Watts” (Youtube Video)

The Syria Crisis

The Venezuela Crisis

Andrew Carnegie’s Philosophy on Philanthropy

Guest Bio

Frank Giustra

Frank Giustra is CEO of Fiore Group of Companies, a private firm managing a broad portfolio of private equity investments and companies, specializing in food and lifestyle, art and entertainment, while having a proven track-record in financing and creating public natural resource companies.

For his full bio, visit: LinkedIn.com/in/Frank-Giustra

About Your Host — David Sung

David is the President of Nicola Wealth Management. As the President, he leads a team of financial advisors who are committed to achieving unsurpassed client satisfaction through the delivery of the highest quality investment management and financial planning services for business owners, corporate executives, foundations and other individuals or entities of substantial income and/or assets.

For his full bio, visit: NicolaWealth.com/Our-Team/David-Sung

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM Advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Host Ethan Astaneh, and Nicola Wealth Portfolio Manager Russil Lea explore investing in precious metals — a timely discussion as there has recently been an increase in discussions about gold and the price of gold.

Russil explains what you need to know about precious metals, which factors have led to the current performance of gold, which circumstances indicate that gold will do well, the risks associated with gold, whether or not gold takes center stage above other precious metals, and whether or not you should consider putting a significant portion of your wealth into precious metals. 

Key Takeaways:

[:29] About today’s episode with guest, Russil Lea.

[:57] Ethan welcomes Russil on the podcast.

[1:01] What exactly is a precious metal?

[2:02] Which companies are involved in the precious metals space?

[2:48] Which asset classes does precious metals fit into?

[3:50] What are the factors that have led to the performance of gold and the outlook going forward?

[6:10] What circumstances indicate that gold will do well?

[8:00] The risk and the role of gold in today’s economy.

[11:16] Investing in gold vs. investing in gold companies.

[12:30] Does gold take the center stage above other precious metals (such as silver, platinum, etc.)?

[13:03] Russil gives his thoughts on Ray Dalio’s recent LinkedIn post entitled “Paradigm Shifts” where he makes the case for gold as an investment.

[14:58] Does Russil think we should be putting a significant portion of our wealth into precious metals (particularly gold), as Ray Dalio suggests?

Mentioned in this Episode:

Precious metal

“Paradigm Shifts” by Ray Dalio

Guest Bios

Russil Lea

Russil joined Nicola Wealth in 2004. A dedicated student of Finance, Russil brings with him over a decade of experience working in the mutual fund and institutional management industries holding positions in risk management, quantitative research, and equities analysis.

Russil graduated from UBC with a Bachelor of Commerce degree and holds a CFA designation.

For his full bio, visit: www.nicolawealth.com/our-team/russil-lea

About Your Host — Ethan Astaneh

Ethan is a Financial Advisor in the firm’s Vancouver office. He provides strategic advice to high net worth business owners, professionals and retirees, and offers his clients a wide range of financial services, including; retirement income planning, business succession and continuation planning, investment management, tax and estate planning, charitable giving, and intergenerational wealth transfer.

For his full bio, visit: https://nicolawealth.com/our-team/ethan-astaneh/

For More Information on this Week’s Episode, Visit:

www.NicolaWealth.com/Category/Podcasts

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM Advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.