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 Management opens newest office in Toronto to manage rapid growth




Nicola Wealth Management opens newest office in Toronto to manage rapid growth

Vancouver and Toronto, Canada, September 19, 2014 ? Nicola Wealth Management (NWM), an independent financial planning and portfolio management firm serving high net worth individuals and families, opened a new office in Toronto to expand its presence in Eastern Canada and accommodate clients in the Greater Toronto Area. The Toronto office is situated at Suite 1702 – 2 Bloor Street West, joining Western Canada locations in Vancouver, Kelowna and Richmond, B.C.

“We have had tremendous success over the last 20 years and we continue to see potential for more growth in Canada,” said David Sung, president of Nicola Wealth Management. “Opening a new office central to a number of our clients in the GTA is ideal as we continue to expand and establish a more active presence in Ontario. We look forward to further promoting our brand and staffing the office with a talented team.”

Heading the Toronto office as Managing Director (Eastern Canada) is Kostas Andrikopoulos. Mr. Andrikopoulos is the former CEO of a large national wealth planning firm and has been providing planning and tax advice for two decades. Additionally, he is a member of the Institute of Chartered Accountants of Ontario (ICAO) and the Society of Trust and Estate Practitioners (STEP), a board member of Concordia University’s John Molson School of Business, and a past board member of the Don Mills Foundation, the Boy Scouts of Canada, and the Board of Governors of Dawson College. He has also lectured extensively on tax and accounting as part of the McGill University MBA program and the Concordia University Department of Accountancy.

“My goal is to establish operations in the GTA and help to accelerate the firm’s growth in Eastern Canada,” said Andrikopoulos. “I am excited to be a part of Nicola Wealth and work with the company’s growing client base in Eastern Canada.”

With over $2.7-billion in assets under management, NWM has grown and evolved to become one of Canada’s fastest growing private investment counsel firms since its inception in 1994. In 2011, Investor Economics ranked the firm among the ten best-performing companies with assets greater than $1-billion, as well as among the top 20 largest private investment counsel firms in Canada.

In addition, NWM’s executives are regular commentators in the financial and business press including the Financial Post, Globe and Mail, Vancouver Sun, BC Business, and BNN, as well as speakers at professional events.

The firm has also received numerous awards and recognition including 2012 CFO of the Year by Business in Vancouver, 2011 Ernst & Young Entrepreneur of the Year (Professional and Financial Services, Pacific Region), and 2011 Canada’s Top 50 Best Managed Companies (B.C. Finalist), to name a few.

About Nicola Wealth Management

Established in 1994, Nicola Wealth Management (nicolawealth.local) is one of Canada’s fastest growing asset fund management and private investment counsel firms (Investor Economics, 2011) with over $2.7-billion in assets under management. The firm provides wealth accumulation, retirement and legacy planning services and expertise to high net worth individuals, institutions, and foundations across Canada. NWM’s team of experienced advisors and support staff offer one of the best advisor-to-client ratios in the industry.

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Media Contacts:

Maria Loscerbo
[email protected]

Lawrence Chew
(604) 739-6480
[email protected]