The Wealth Exchange

In this episode, host Robert Olson sits down with veteran finance leader and entrepreneur David Rogers, who shares his remarkable journey from corporate roles at Cooper's and Lybrand and TD Bank to creating Caledon Capital, which grew to manage $10 billion in assets under management.

David offers candid insights into his career transitions, from joining FirstService in its infancy as Vice President and CFO to building OMERS' private equity program and ultimately launching his own successful investment firm. Throughout the conversation, he emphasizes how his people-first leadership philosophy shaped his success, the importance of trusted mentors, and finding the right strategic partners for business growth. Now semi-retired and serving on Nicola Wealth's private capital investment committee, David reflects on balancing professional accomplishments with personal fulfillment.

Highlights

3:40 - Early career beginnings

10:45 - Creating OMERS' private equity program and investment approach

14:40 - Lessons in leadership and building a people-first culture

16:00 - Identifying market gaps and launching a business

22:15 - Strategic partnerships and business evolution

24:50 - Balancing advisory roles and achieving work-life balance

29:00 - Career reflections

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In this episode of The Wealth Exchange, Timothy Stranks gives us an update on the deadline extension for the charitable giving deadline.

Canadian charitable donors received a deadline extension this tax season—but important limitations apply. Tim Stranks, Wealth Advisor | Client Relationship Manager, and a Director of the Nicola Wealth Private Giving Foundation, examines the recent extension to Canada's charitable donation deadline. He provides clarity on the extension's limited application to cash donations, discusses implications for year-end tax planning, and contextualizes this change within broader developments affecting Canadian investors.

Highlights

1:00 - Overview of the charitable donation deadline extension 1:25 - Status of proposed capital gains inclusion rate changes 2:15 - Important distinctions between donations

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In this episode, Jasmine Marichic, addresses the top five estate planning mistakes made by business owners and affluent families. Your legacy is more than just wealth—it's your business, your values, and the future of your family. Yet many business owners and affluent families make critical mistakes in estate planning that can lead to unnecessary taxes, family disputes, or even business mismanagement. Jasmine Marichic, Wealth Advisor | Client Relationship Manager, breaks down the top five estate planning mistakes many individuals make and how to avoid them. From tax-efficient wealth transfer strategies to preparing heirs for financial responsibility, this discussion offers expert insights to help you secure your legacy for generations to come. Highlights

1:10 - Why is estate planning important?

1:40 - The risks of delayed planning

2:40 - Tax-efficient wealth transfer strategies

4:05 - Executor and trustee selection criteria

5:20 - Business succession planning essentials

6:40 - Preparing heirs for wealth management

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Ben Jang, Portfolio Manager, analyzes U.S.-Canada trade relations, including recent developments in tariff negotiations and their potential impact on investors.

Ben Jang, Portfolio Manager, examines the potential impact of U.S. tariffs on Canadian goods and broader market trends. Ben provides insights into the latest discussions between Trump and Trudeau, the potential economic implications, and why these threats may be more about political strategy than economic necessity. He also breaks down the sectors most at risk, the impact on the Canadian dollar, and how Nicola Wealth's diversified investment strategy works to protect long-term goals in a volatile environment. Highlights

2:15 - Update on U.S.-Canada trade discussions and border security agreement 6:40 - Analysis of Trump's tariff strategy and negotiation approach

10:35 - Sector-specific impacts and energy market considerations

11:55 - Canadian dollar implications and export sector opportunities

13:00 - Portfolio diversification strategies and risk management approach

14:45 - Market outlook and investment positioning

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Ben Jang, Portfolio Manager at Nicola Wealth, joins host Jasmine Maricic to analyze market themes from the fourth quarter of 2024.

Together, they explore key economic and political developments shaping the final months of 2024 and the early days of 2025. From Justin Trudeau's resignation and its implications for Canada's political landscape to Trump's policy shifts and their influence on global markets, Ben offers expert insights on interest rates, inflation, housing, and public equities.

Listen now to gain valuable perspectives on the factors driving today's markets and what they mean for the year ahead.

Highlights

2:22 - Political transitions in Canada and implications for proposed legislation

6:30 - North American equity market performance and valuation metrics

13:20 - Bank of Canada's interest rate decisions and currency implications

17:37 - Changes to Canadian immigration policy and real estate sector impacts

19:44 - Current inflation trends and monetary policy outlook

20:57 - Market sentiment and portfolio positioning considerations

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In the season finale of The Wealth Exchange, host Jasmine Marichic provides a thoughtful overview of 2024's key economic developments and their potential influence on the year ahead. As we transition into 2025, she offers perspective on the broader market trends and policy changes shaping Canada's investment landscape.

Drawing on insights from Nicola Wealth's Chief Economist, Rob Edel, this episode emphasizes the value of maintaining a balanced, long-term approach to wealth management amid changing economic conditions.

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In this episode, Robert Olsen and Vanessa Flockton sit down with trailblazing business leader Ursula Burns. As the first black woman to lead a Fortune 500 company, Burns shares her remarkable journey from growing up in New York City public housing to starting as an intern at Xerox and rising to become its CEO. She led the company's transformation from a print and copy giant to a diversified business services enterprise.

Ursula reflects on her 38-year career at Xerox, offering candid insights into leading through change, transitioning from peer to chief executive, and the critical role her trusted advisors played throughout her ascent.

Now co-founder of Integrum Holdings, Ursula applies her transformation expertise to private equity, championing a different approach to growing mid-sized businesses. Instead of prioritizing rapid expansion through acquisition, she advocates for sustainable, organic growth and strong leadership—challenging the industry's "bigger is better" mindset.

Ursula's practical wisdom on navigating growth and building value while creating opportunities for others offers an inspiring and actionable perspective for business owners and leaders charting their own paths to success.

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In this episode, host Robert Olsen talks with Mark Machin and Mark Shulgan from Intrepid Growth Partners about the growing role of AI in growth equity investing. The conversation explores the founders' backgrounds in science and banking, and how these experiences shape their focus on AI-driven investments.

Machin and Shulgan explain their investment strategy, emphasizing their approach to identifying businesses that are using AI to create real value. They also discuss the impact of AI on industries such as healthcare, customer engagement, and robotics.

The two investors share their views on the current market landscape, how investment strategies are evolving in response to economic changes, and the opportunities they see in the U.S., Canada, and the UK.

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In this episode of The Wealth Exchange, Ben Jang, Portfolio Manager in the Nicola Wealth Public Assets Group, is joined once again by Ed Mills, Managing Director and Washington Policy Analyst at Raymond James.

The discussion covers potential impacts of U.S. policy shifts under various leadership scenarios. From bipartisan tensions surrounding semiconductor export restrictions to healthcare reforms and defense spending, Ben and Ed analyze how these developments could influence global markets and investor strategies. They also examine the far-reaching implications of the ongoing Russia-Ukraine conflict, NATO dynamics, and key appointments shaping a Trump administration.

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In this episode, Teresa Virani, Executive Director, Philanthropy at Nicola Wealth, is joined by James Woller, International Executive Director of Thrive for Good and a seasoned entrepreneur, to discuss how his charity is transforming communities through sustainable agriculture. Thrive for Good empowers individuals living in poverty to cultivate organic gardens that provide both nutritional security and income.

James shares how the organization's innovative approach not only alleviates malnutrition but also fosters long-term economic independence and education, helping communities break the cycle of poverty. For philanthropists and entrepreneurs seeking to make a meaningful, sustainable impact, this conversation highlights the power of grassroots initiatives and the potential for creating lasting change in underserved regions.

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