Nicola Wealth brings on institutional expertise and grows real estate bench strength.
VANCOUVER, BC, November 16, 2020. Nicola Wealth, one of Canada’s fastest-growing private investment counsel firms, will be acquiring Blackwood Partners, an established real estate investment and asset management company specializing in servicing private and institutional clients. The relationship has progressed over the last year and the deal was signed on Wednesday, November 11th, 2020. The move to unite with Blackwood is a strategic step toward offering new and innovative real estate investment offerings to high-net-worth clients and private and public institutions.
“Nicola Wealth shares our vision and many common values. We have a common pride in our remarkable customer service, our entrepreneurial approach to business, our collaborative team structures, and our focus on achieving results for our clients,” shares John Hayes, Managing Partner at Blackwood Partners.
The acquisition of Blackwood also aligns with Nicola Wealth’s diversification approach; bringing Blackwood’s established institutional platform together with Nicola Wealth’s diverse product offerings and operational capabilities. The organization will maintain the business objectives and autonomy of both legacy companies while working to identify synergies and opportunities to collaborate. Purchasing Blackwood optimizes the strengths of both teams to work toward a common goal and better results for clients.
“The acquisition by Nicola Wealth is an exciting opportunity for our team and our clients, and we look forward to the growth opportunities that lie ahead for both organizations,” says Michael Cairns, Managing Partner at Blackwood Partners.
“We are pleased to welcome Blackwood to the Nicola Wealth family. We have complementary regional, asset, and investment expertise to build a diversified product and service offering to meet the ever-changing demands of the marketplace,” explains Mark Hannah, Managing Director, Nicola Wealth Real Estate, “together, we can offer our clients something truly unique.”
About Nicola Wealth
Established in 1994, Nicola Wealth (nicolawealth.local) helps families and accomplished individuals across Canada build financial legacies with purpose, delivering the stability, security, and resources they need to focus on goals and aspirations that extend beyond wealth. The firm manages over $7 billion in assets, providing portfolio diversification well beyond stocks and bonds, comprehensive and integrated wealth planning, and consistent and stable returns.