The Wealth Exchange

Claire Booth joins host Ethan Astaneh on the Wealth Exchange podcast. Claire is an entrepreneur, speaker, and author of new book, The Achiever Fever Cure: How I Learned to Stop Striving Myself Crazy. She is the founder and CEO of her business Lux Insights which is a boutique market research agency with offices in Vancouver and Seattle.

Claire’s book, The Achiever Fever Cure, speaks to a challenge that people of all walks of life face. "Achiever Fever" refers to the dark side of achieving. And that downside is when we start to tie our self-worth and our happiness to our achievements. This fever shows up in various ways — from a strong need to prove yourself, measuring your worth by accomplishments, and persistent self-criticism to being terrified of wasting time, difficulty with being in the present, and fearing you won’t live up to your potential.

In this episode, Claire shares the step-by-step to curing achiever fever, and walks through her own journey, and how she navigated out of it, ultimately leading to not only increased happiness and productivity, but doubling her company in size and reaching growth rates of 30%. 

Key Takeaways:

[:28] Ethan welcomes Claire Booth to the podcast.

[:43] Claire explains what “achiever fever” is.

[1:18] What does ‘achiever fever’ speak to?

[2:07] How does the fever in ‘achiever fever’ show up? What are the symptoms?

[3:32] Claire speaks about her own journey with achiever fever and how she navigated towards a cure.

[6:11] How Claire describes her achiever fever downwards spiral.

[7:52] Who is prone to achiever fever?

[9:40] After her ‘aha-moment’ of realizing she had achiever fever, how did she navigate forward (and out of it)?

[12:10] How to begin curing achiever fever!

[14:05] Is your spouse a good person to talk to during this process?

[15:47] When you get to the point where you are open and talking about your achiever fever, how does that lend itself to the cure?

[20:55] What our inner critic tells us and how we can begin to eliminate this voice inside of us.

[24:28] The importance of consistency in the process of eliminating negative self-talk.

[26:26] How did this process start working for Claire when she started going through this whole process? And how did it change how she allocated her time during her day?

[30:20] Claire explains the benefits of this process and the incredible results she started to see from it.

[34:22] Would it be possible to slip back into the achiever fever if you stop doing the work?

[35:35] Why Claire decided to write an entire book on the concept of achiever fever.

[37:54] How has this process changed Claire’s ability to live in the present rather than be constantly future-focused?

[39:34] Claire offers some final few pieces of advice to help you get started on your own journey of knocking down achiever fever!

Mentioned in this Episode:

The Achiever Fever Cure: How I Learned to Stop Striving Myself Crazy, by Claire Booth

Claire Booth

Lux Insights

Brené Brown

The work of Byron Katie

Guest Bio

Claire Booth

Claire Booth is an entrepreneur, author, and speaker. She is the founder and CEO of market research firm Lux Insights, with two decades of experience serving some of the world’s most recognized brands. She teaches at the UBC Sauder School of Business, is a Board Director at the cutting-edge theatre, The Cultch, and is a Big Sister. In her spare time, Claire swims with the NorthShore Masters team and is a long-time member of the CCC climbing group at Base 5. Originally from the Prairies, she lives with her partner, Chris, in North Vancouver, Canada.

For her full bio, visit: ClaireBoothAuthor.com/About

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

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 Nicola Wealth 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. Nicola Wealth 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. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

Show Summary:

Today, Financial Advisor and host Mark Therriault, had the opportunity to interview Johnathan Grzybowski! Johnathan is a serial entrepreneur and is currently the CMO and co-founder of Penji, a software company with a service platform that helps marketing teams receive unlimited graphic designs all at one flat monthly rate.

They make receiving graphic design work fast, simple, and affordable. Penji has been named as “top startup to watch” according to Philadelphia Magazine and has been mentioned in major publications like Success Magazine, Huffington Post, Forbes, and Inc. You might also recognize Johnathan as the host of Blind Entrepreneurship, a podcast that has been mentioned as a top business podcast on Apple Podcasts!

In this episode, Mark and Johnathan discuss Penji; how it all works; Johnathan's journey leading up to the creation of Penji; how he gauges success in his business; how he manages stressors that come with being an entrepreneur and business owner; and how he stays motivated to continue growing their business on a day-to-day basis.

Show Summary:

[:29] About today’s episode.

[4:38] What drove Johnathan to create Penji? And what was he doing prior to Penji?

[7:51] How does Penji work?

[8:51] Does Penji have a niche or do they work with all different types of brands?

[9:50] What’s the #1 project Penji does for most customers?

[10:31] How do companies and clients approach Penji? What is their usual request?

[11:52] What has been Johnathan’s biggest challenge in the year and a half that they’ve been in business?

[13:02] What was Johnathan’s journey to becoming a co-founder of Penji? Did he always know he wanted to be a business owner?

[16:00] How does Johnathan deal with the stressors that come with being an entrepreneur and business owner?

[18:49] When he made his transition into entrepreneurship, did Johnathan find his overall mood and alignment with his purpose improved?

[21:28] How did Johnathan find his purpose within his business?

[24:10] What’s Johnathan’s grand vision for Penji?

[27:14] How do the co-founders of Penji guide their main decisions?

[29:08] What keeps Johnathan motivated to continue growing the business on a day-to-day basis?

[30:40] So, Johnathan is a WWE fan?

[32:00] If Johnathan could go back 15 years and tell himself the biggest thing he learned about his journey, what would he say?

[33:07] Mark thanks Johnathan for joining him this podcast!

Mentioned in this Episode:

Penji

Blind Entrepreneurship Podcast, with Johnathan Grzybowski

Reid Hoffman on founding LinkedIn

Guest Bio

Johnathan Grzybowski

Johnathan Grzybowski is the Chief Marketing Officer and co-founder of Penji, an on-demand graphic design service that delivers fast turnaround and is simple, and affordable.

After experiencing first hand how difficult it was to find talented graphic designers for his business, Johnathan and his co-founder Khai launched Penji in 2017. Their goal was to provide an innovative solution by making essential tools and resources more accessible and affordable for entrepreneurs, business owners, and leaders.

For his full bio, visit: LinkedIn.com/in/GrzybowskiJ

About the Host — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Exchange podcast.

As a member of the Nicola Wealth Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

For his full bio, visit: NicolaWealth.com/Our-Team/Mark-Therriault

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.

With mixed signals coming from stock and bond markets, no end in sight to U.S./China trade wars, and a potential war brewing in the Middle East, Rob Edel provides his insights on the current state of markets and what we might expect going forward.

Nicola Wealth Financial Advisor Ethan Astaneh hosts with Nicola Wealth CIO ROb Edel as the two discuss how things have evolved over the past couple of months for the global economy, what stock and bond markets are currently telling us, and which key factors are driving recent developments.

Join host, Ethan Astaneh, and recurring guest, Rob Edel, to hear this quarter's Market Commentary!

Key Takeaways:

[:28] About today’s episode.

[:52] How have things evolved over the past few months for the global economy? What are the stock and bond markets telling us? And what key factors are driving recent developments?

[2:34] Historically, when the bond market is pessimistic and the stock market might be optimistic, which one tends to be right? Is there enough information to draw a pattern?

[3:50] As gold and bitcoin have been going on a bit of a run, what does Rob see as the driving force behind this? Has the case for those asset classes changed? Rob also highlights Facebook’s new cryptocurrency, Libra.

[7:35] Rob brings us up to speed on how the U.S./China relationship has evolved over the last couple of months and gives his predictions on how the trade war may play out from here.

[9:09] Due to trade tensions, do we have to worry about inflation even though we’re not seeing significant global growth or slowing growth?

[10:50] Is the U.S. better positioned to ride out the tensions of the trade war in the short-term than China?

[13:10] Rob theorizes why China may have not been retaliating or coming down with measures that might be more direct towards the U.S.

[15:15] How might the United States’ efforts with the Middle East impact the trajectory of the global economy?

[17:40] Rob speaks about the Powell pivot and the challenges that Jerome Powell may be facing in his role as Chairman between now and the upcoming U.S. election?

[20:49] If Jerome Powell cuts rates and we see a lowering in the U.S. dollar, how does that impact the emerging economies?

[21:27] Has there been any notable development with the EU economy that we may have missed in the news due to Brexit being all over the headlines?

[23:36] Rob gives his short-term and medium-term predictions of the Canadian economy; factoring in the upcoming 2019 election, the slowing U.S. economy that Canada is heavily tied to, their own relationship with China, the approval of the Trans Mountain pipeline, and the increase in the price of oil due to the tensions in the Middle East.

[25:44] A few months ago, Rob predicted we would not be expecting a recession this year or the next. Has that prediction changed considering recent events?

[26:21] Does Rob think that there will continue to be more pressure going into the election from the White House to the Fed?

[27:10] Ethan thanks Rob for joining him this episode.

Mentioned in this Episode:

Facebook’s New Cryptocurrency, Libra, Explained

G20

The Powell Pivot

“May in Review: A He Said Xi Said Situation,” May Market Commentary by Rob Edel

Brexit

The Approval of the Trans Mountain pipeline

Guest Bio

Rob Edel

Rob is the Chief Investment Officer at Nicola Wealth Management.

Before joining the team at Nicola, Rob spent 9 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 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

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.

David Sung, President of Nicola Wealth, launches a new segment on the podcast: “Why I Built It” to look beyond the “how." He will be diving deep into the behind-the-scenes of successful entrepreneurship — particularly, the motivations and inspirations that help them succeed.

Today he is joined by special guest and good friend, Chip Wilson. Chip is an entrepreneur, philanthropist, loving husband, and father of 5 boys. He’s the founder of Westbeach Snowboard and Lululemon Athletica. He’s a globally recognized innovator in the field of technical apparel and is widely credited with creating the “athleisure wear” retail category, which is now a $100 billion/year global business.

In this episode, Chip and David talk about the keys to building a successful business, why he focused on building athletic wear businesses, the essential core values he placed within his companies that aided them in their success, what kept him inspired and motivated at every stage of the business as he progressed, how he built up his staff and those around him through quality leadership, and the key players that helped influence Chip’s career.

Chip also gives his advice on to entrepreneurs and new business owners on how they can be successful in both launching and running their business, how wealthy families can handle their finances with their children, the trends he sees on the horizon, and where he’s looking to invest currently.

You won’t want to miss this incredibly insightful episode and all of the nuggets of wisdom that Chip provides!

Key Takeaways:

[:29] About The Wealth Exchange’s new segment: Why Built it.

[:49] About today’s episode and featured guest.

[1:36] David welcomes Chip to the podcast!

[1:46] Chip elaborates on the “why” to why he started building his athletic wear businesses.

[4:25] Chip shares the essential core values he placed within his companies that he thinks aided to their success.

[7:21] What inspired and motivated Chip as he progressed through building his business? And were they different at every stage?

[8:30] What is it for Chip that drives him towards quality within his business?

[11:20] Building leadership within his organization: How did Chip work to build his staff and those around him through his leadership?

[13:37] Who were the key players that influenced Chip’s career?

[14:50] The key moments in Chip’s life that had a serious influence over his future.

[17:40] How Chip handles the challenges the come his way in regards to his business.

[19:39] Chip’s advice for entrepreneurs running their own business.

[21:10] Chip’s advice for how new business owners can be successful in launching their business.

[22:40] If Chip could go back in time to 1998, what are some of the things he would do differently in his business given the knowledge he has now?

[25:02] Why Chip thinks going public with Lululemon wasn’t his best decision.

[30:58] The importance of being proactive, and Chip’s thoughts on communicating through social media.

[34:40] Chip’s thoughts on how to cut through the noise on social media.

[37:40] What Chip sees on the horizon for trends.

[39:24] What Chip sees for trends in real estate in the future.

[41:37] What Chip has observed out there in real estate.

[43:51] The “Amazon effect” and the potential impact it may have on real estate.

[46:22] Chip speaks a bit about Amer Sports and the work he’s doing there, and the future of fashion and athletic wear.

[49:13] Chip’s thoughts on investing in the ownership of businesses privately vs. through the public environment.

[50:25] As Chip’s children have gotten older, how have they been involved with their family's wealth and businesses?

[52:29] David thanks Chip for joining him this episode!

In today’s episode, Mark Therriault is joined by Ben Jang — Nicola Wealth’s Portfolio Manager who manages their infrastructure and renewable resources partnership.

Today, Mark and Ben are diving deep into the topic of infrastructure and renewable resources. They discuss what infrastructure is, what the infrastructure space actually looks like, how infrastructure works, the risks associated with investing in infrastructure as an asset class, how it fits into a portfolio, and what Nicola Wealth looks for in infrastructure or renewable resource projects as a solid investment. On top of that, Ben also gives some really good examples of infrastructure products in Canada today and how he sees infrastructure as an asset class developing in the future. 

Key Takeaways:

[:29] About today’s episode.

[:56] What exactly is infrastructure as an investment vehicle or an asset class?

[3:02] In terms of investing in infrastructure, is this something that has been around long-term as an asset class? Or is this new?

[3:56] Some of the struggles that occur with underinvesting in infrastructure projects.

[4:49] From the government’s perspective, what’s the benefit of them doing a private infrastructure project?

[6:15] What companies are investing in infrastructure projects?

[6:55] When did the Sea-to-Sky Highway become a private infrastructure project? And how do they get compensated for managing it?

[9:50] Are there lots of varying ranges in terms of risk for infrastructure as an asset class?

[11:11] Other than roads or hospitals, what other types of assets would be considered infrastructure investment products?

[12:33] Where does infrastructure as an asset class fit in a portfolio? And can you expect cash flow from this asset? What are the terms from an investor standpoint?

[13:48] Can infrastructure assets go up and down in value?

[15:18] Ben explains the infrastructure assets Nicola Wealth looks at (which fall into three categories: regulated, contracted, and GDP-related.)

[17:16] Of the three asset infrastructure categories, does contractual have the highest potential of return? 

[19:22] Are there a lot of deals in infrastructure as an asset class?

[20:26] Does Ben think that infrastructure as an asset class will grow significantly, going forward?

[21:21] Are all contracts in infrastructure considered long-term contracts?

[22:16] Does Ben think that infrastructure as an asset class will grow beyond what it is right now?

Mentioned in this Episode:

Infrastructure Canada

Brookfield

Sea-to-Sky Highway

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 for 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 — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Exchange podcast.

As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

For his full bio, visit: NicolaWealth.com/Our-Team/Mark-Therriault

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

www.NicolaWealth.com/TheWealthExchange

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.

With the Federal Reserve’s tightening rates, inflation, the threat of trade wars, and the ever-pending recession — Rob Edel gives his insights on the last quarter and what to expect in 2019 and beyond! He discusses the corrections in the Canadian, U.S., and global markets; how much tax reform played a part in the U.S. economy slowing down from last year; what he thinks is the major factor for why Canada is showing good employment numbers but lacks wage growth; his take on what the Canadian and U.S. market would do if the next recession hits; and his predictions and thoughts about the current Canadian economy!

Join host, Mark Therriault, and his recurring guest, Rob Edel, to hear this quarter's Market Commentary!

Key Takeaways:

[:29] About today’s episode.

[:47] The driving force behind the corrections in the Canadian, U.S., and global markets on a macro level.

[2:55] Does Rob think that both the Fed and the Canadian government waited too long to raise rates in the cycle?

[4:35] How much did tax reform play a role in the U.S. economy slowing down from last year?

[5:50] What Rob thinks the catalyst is in the good employment numbers in Canada but lack of wage growth.

[6:35] Does Rob see the tightening rates staying somewhat steady as far as the Federal Reserve?

[7:53] Rob’s thoughts on what the Canadian and U.S. market would do if the next recession hits.

[9:57] Is there going to be a recession this year or next year? And what’s going to keep things accelerating, going forward?

[11:30] Rob’s predictions on what the changes might be towards the end of the cycle.

[15:00] Rob’s current thoughts about the Canadian economy.

Mentioned in this Episode:

Modern Monetary Theory

Consumer Confidence

Inflationary Expectations

Guest Bio

Rob Edel

Rob is the Chief Investment Officer at Nicola Wealth Management.

Before joining the team at Nicola, Rob spent 9 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 — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Exchange podcast.

As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

For his full bio, visit: NicolaWealth.com/Our-Team/Mark-Therriault

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

www.NicolaWealth.com/TheWealthExchange

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.

In this week’s episode of The Wealth Exchange, your host, Mark Therriault, is introducing a new series where he’s going to dive into individual asset classes to help provide a better understanding of what happens behind the scenes in each of these investments!

So, to kick things off, Mark has decided to start with the Nicola Wealth Global Equity Fund. To discuss this with him, Mark has invited on Sean Oye — one of the managers of the global equity fund. They have a great conversation and dive deep into their different pools and limited partnerships of the Nicola Global Equity Fund.

Key Takeaways:

[:29] About The Wealth Exchange’s new series. 

[1:14] Sean describes what global equities consist of and what the space looks like.

[3:20] When it comes to global equity, why doesn’t Nicola Wealth manage the underlying managers (like they do in Canada and U.S.)?

[4:32] How the Portfolio Management Team makes decisions on what the allocations are for each manager and whether or not they want each manager to work in a different environment or space.

[5:52] Does Nicola Wealth’s Portfolio Management Team review markets and make allocation changes on a quarterly or annual basis?

[7:02] Are there big differences in the Asian or European markets compared to the U.S. market? Or are they relatively the same?

[7:55] Are Sean Oye and his team looking at global markets as a potential opportunity?

[10:24] Is Nicola Wealth positioned defensively or aggressively when it comes to global equity?

[11:37] Is each manager doing something a bit differently than the others? And why?

[13:30] When Sean looks at the global markets outside of Canada and the U.S., where does his team see opportunity and value going forward in the year.

[14:35] Why is the Asian market selling 3x less the multiples than companies in the U.S. are selling?

[15:29] What’s NWM’s position on Europe? Do they have a large exposure there?

[17:05] Mark and Sean discuss the potential of there being more buying opportunities in the European and Asian markets.

[18:11] Sean’s final points in regards to the global equity fund.

Mentioned in this Episode:

NWM Global Equity Fund

Guest Bio

Sean Oye

Sean Oye is a Portfolio Manager/Trader for Nicola Wealth Management and has worked for the company for the last 12 years. Previous to that, he worked for RBC as a Technology Support Analysis and a Personal Financial Services Representative.

For his full bio, visit: LinkedIn.com/in/Sean-Oye

About Your Host — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Exchange podcast.

As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

For his full bio, visit: NicolaWealth.com/Our-Team/Mark-Therriault

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.

Mark is excited to bring you an interview he recently had with Jessica Moorhouse. Jessica is an expert on millennials and money; she has an award-winning blog, hosts her own podcast, is a social media influencer, and is the founder of the Millennial Money Meetup.

In today’s episode, Mark and Jessica talk about how key life experiences have shaped the millennial view on money, how parents can better understand their children in the context of finance, and what resources are available for parents to provide for their millennial kids. Jessica provides tons of key takeaways on how to better understand millennials and their relationship to money, how parents (and others) can help millennials take actionable steps forward in the financial space, and how to have the “money talk” with your children.

As a parent of four millennial children himself, Mark really enjoyed this episode — and knows you will too!

Key Takeaways:

[:31] About this week’s episode and guest.

[1:20] Jessica’s advice on how the parents of today can reach out to their children in the context of managing their finances.

[3:42] How to better connect with your children in regards to money and lead by example.

[7:30] How to better understand your kids and not just see them as kids, but as the young adults they are.

[9:26] Jessica outlines some experiences unique to millennials that would help generations outside of that group looking in, better understand their plight.

[12:44] Is Jessica seeing millennials, as a generation, applying their resourcefulness and creativity to other factors of their investment philosophy?

[14:03] Where are millennials getting their resources and information in order to make their investment decisions? Where, as a parent, could you direct a millennial to?

[16:15] How can we enable millennials to take small, actionable steps forward in the financial space?

[18:56] What can millennials do to move beyond a google review and dive deeper in this subject?

[21:06] How to have the difficult “money talk” with your kids.

[25:16] What Jessica is seeing across the millennial generation that unites them on a financial perspective.

[26:35] What Jessica thinks parents should be aware of (and open to) when handing over the reins of your business to your millennial child.

[27:55] The one thing Jessica would ask parents to do when speaking to their children.

[30:25] Where to learn more about Jessica and her work.

Mentioned in this Episode:

JessicaMoorhouse.com

Mo’ Money Podcast (Jessica’s podcast)

Jessica’s Twitter @Jessi_Moorhouse

The Wealthy Barber: Everyone's Commonsense Guide to Becoming Financially Independent, by David Chilton

The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich, by David Bach Certified Financial Planner

Guest Bio

Jessica Moorhouse

Jessica is a millennial money expert, speaker, Accredited Financial Counsellor Canada®, award-winning blogger, host of the Mo’ Money Podcast and founder of the Millennial Money Meetup.

Her main passion is personal finance and living a balanced lifestyle. Ever since she discovered the transformative powers of financial literacy her mission has been to teach others how to take control of their lives by taking control of their money.

For her full bio, visit: JessicaMoorhouse.com/About

About Your Host — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Exchange podcast.

As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

For his full bio, visit: NicolaWealth.com/Our-Team/Mark-Therriault

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.

In this episode, Ontario Regional Manager Ron Haik speaks with Jessica Moorhouse on millennials and money. Jessica is an expert on millennials and money; she has an award-winning blog, hosts her own podcast, is a social media influencer, and is the founder of the Millennial Money Meetup.

Ron, a father of four millennials himself, talks to Jessica about how key life experiences have shaped the millennial view on money, how parents can better understand their children in the context of finance, and what resources are available for parents to provide for their millennial kids. Jessica provides key takeaways on how to better understand millennials and their relationship to money, how parents (and others) can help millennials take actionable steps forward in the financial space, and how to have the “money talk” with your children.

[:31] About this week’s episode and guest.

[1:20] Jessica’s advice on how the parents of today can reach out to their children in the context of managing their finances.

[3:42] How to better connect with your children in regards to money and lead by example.

[7:30] How to better understand your kids and not just see them as kids, but as the young adults they are.

[9:26] Jessica outlines some experiences unique to millennials that would help generations outside of that group looking in, better understand their plight.

[12:44] Is Jessica seeing millennials, as a generation, applying their resourcefulness and creativity to other factors of their investment philosophy?

[14:03] Where are millennials getting their resources and information in order to make their investment decisions? Where, as a parent, could you direct a millennial to?

[16:15] How can we enable millennials to take small, actionable steps forward in the financial space?

[18:56] What can millennials do to move beyond a google review and dive deeper in this subject?

[21:06] How to have the difficult “money talk” with your kids.

[25:16] What Jessica is seeing across the millennial generation that unites them on a financial perspective.

[26:35] What Jessica thinks parents should be aware of (and open to) when handing over the reins of your business to your millennial child.

[27:55] The one thing Jessica would ask parents to do when speaking to their children.

[30:25] Where to learn more about Jessica and her work.

JessicaMoorhouse.com

Mo’ Money Podcast (Jessica’s podcast)

Jessica’s Twitter @Jessi_Moorhouse

The Wealthy Barber: Everyone‘s Commonsense Guide to Becoming Financially Independent, by David Chilton

The Automatic Millionaire, Expanded and Updated: A Powerful One–Step Plan to Live and Finish Rich, by David Bach Certified Financial Planner

Jessica Moorhouse

Jessica is a millennial money expert, speaker, Accredited Financial Counsellor Canada®, award-winning blogger, host of the Mo’ Money Podcastand founder of the Millennial Money Meetup.

Her main passion is personal finance and living a balanced lifestyle. Ever since she discovered the transformative powers of financial literacy her mission has been to teach others how to take control of their lives by taking control of their money.

For her full bio, visit: JessicaMoorhouse.com/About

Ron Haik is a Senior Financial Planner and the Ontario Regional Manager in the Nicola Wealth’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

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 Nicola Wealth 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. Nicola Wealth 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. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.

This episode is a very special interview for host Mark Therriault. Two months ago, he went to the Himalayas and climbed Merra Peak, a 22,000ft mountain, to raise money for Canuck Place Children's Hospice — a charity that provides pediatric palliative care for kids in B.C. Mark did the climb after watching his best friend and wife lose their young daughter to heart disease, and then experience the amazing care and support Canuck Place provided their family.

Margaret McNeil, the CEO of Canuck Place joins Mark on The Wealth Exchange. She is committed to community and has a background in the public sector. In previous roles, she was the VP of Operations at BC Housing, led the Mental Health and Addictions program at Vancouver Island Health Authority, and has led a variety of policy initiatives and programs for various aspects of health including home and community care in B.C.

In this episode, Mark and Margaret talk about the amazing work that Canuck Place does; their biggest challenges; their main focuses; and how they function, from providing space for families to receive inpatient care, to how they connect with prospective families. Margaret also talks about how staff and volunteers manage working in such a rewarding but emotionally difficult environment, what she loves most about her role at Canuck Place, and personal stories and touching experiences she’s had while working there.

Nicola Wealth Management and Canuck Place have a close relationship, with Nicola Wealth having supported Canuck Place for well over 12 years.

Key Takeaways:

[:30] About today’s interview.

[1:06] How Margaret got involved with Canuck Place and what drew her to her current role.

[2:44] About Canuck Place’s two locations.

[5:20] How a child and their family can get connected to Canuck Place.

[6:54] What does Canuck Place provide for families and children?

[11:06] How does staying at Canuck Place work for families?

[12:18] About the importance of the music room and the arts and crafts room.

[16:26] How staff deal with working in such a rewarding but emotionally difficult environment.

[19:51] How does one become a volunteer at Canuck Place?

[22:06] Margaret’s biggest challenge in her role at Canuck Place.

[24:06] What Margaret loves most about her role at Canuck Place.

[26:14] Mark’s friend’s personal experience with Canuck Place.

[29:50] How Canuck Place continues to serve families after a child passes.

[32:14] Canuck Place’s main focus in the coming years.

[35:55] About Canuck Place’s remarkable volunteers, staff, and council.

[37:19] Mark thanks Margaret for joining him this episode, and they talk about Nicola Wealth Management’s involvement with Canuck Place.

Mentioned in this Episode:

Canuck Place

Canuck Place’s Hospices

BC Children’s Hospital

BC Women’s Hospital

Royal Columbian Hospital

Gift of Time Gala at Canuck Place

Guest Bio

Margaret McNeil

Margaret McNeil is Chief Executive Officer of Canuck Place Children’s Hospice and leads a 180+ multi-disciplinary employee team and over 400 volunteers.

Margaret comes from a background in the public sector. In previous roles, she was the VP of Operations at BC Housing, led the Mental Health and Addictions program at Vancouver Island Health Authority, and has led a variety of policy initiatives and programs for various aspects of health including home and community care in B.C.

For her full bio, visit: canuckplace.org/about-us/our-team/margaret-mcneil

About Your Host — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Exchange podcast.

As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

For his full bio, visit: NicolaWealth.com/Our-Team/Mark-Therriault

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 Nicola Wealth 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. Nicola Wealth 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. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.