Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

Nicola Wealth buys Levine Financial Group


Toronto-based firm provides insurance products and services to doctor clients

A doctor and an elderly patient are indoors at the woman's home. The doctor is talking to the woman while holding a tablet computer.
iStock

Vancouver-based independent wealth management firm Nicola Wealth has acquired Levine Financial Group, a Toronto-based provider of insurance products and services to doctors in Ontario, the firm announced Monday.

The move aligns with Nicola Wealth’s strategy to grow across the country and allows it to bring its “integrated approach to wealth planning alongside its diversified investment platform to medical professionals across Ontario,” the firm indicated in a release.

With offices in B.C. and Ontario, Nicola Wealth manages $12.7 billion in assets for high-net-worth families and entrepreneurs.

Levine Financial’s clients will “benefit from our financial planning and diversified investment platform,” said Vanessa Flockton, senior vice-president of advisory services at Nicola Wealth, in the release. “Together, we can offer medical practitioners the comprehensive plans they need as they consider the complexities of their financial future.”

According to the release, Nicola Wealth and Levine Financial will continue independent operations while looking for “opportunities to optimize and collaborate on shared initiatives.”