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 Reaches $1-Billion Mark



NWM grows during toughest economy since The Great Depression

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Vancouver, B.C. – April 15, 2010 – Nicola Wealth Management’s assets under management have grown to $1-billion, including over $150-million added through 2009, a milestone achieved during arguably the most difficult economic environment since The Great Depression.

In June of 2009, Investor Economics identified Nicola Wealth Management (NWM) as the second fastest growing medium-sized firm (managing assets between $350-million and $1-billion) in Canada. In fact, since 2000, average cumulative after-fee returns using NWM’s extensive asset allocation have been almost three times better than a balanced Globe Peer Index representing a standard portfolio of stocks and bonds. These results are well within those of the top 5% of money managers in Canada today.

Also contributing to NWM’s success is the fact that most clients withstood the massive market drops seen in 2008 and were positioned very well going forward into 2009. “Our broad asset allocation and diversified cash flow approach to investing protected our clients during that time with average losses of only 6.5% compared to almost 40% drops in the equity markets,” said NWM Chairman and CEO, John Nicola. “This positioned many of our clients to take full advantage of the opportunities that presented themselves by Spring 2009, and saw our average account well above the position they were in at the beginning of 2008.”

For NWM, client satisfaction continues to be one of the firm’s top priorities. “We believe we have one of the best professional advisor-to-client family ratios in the industry and we remain committed to maintaining a high level of personalized service and achieving excellent results for our clients,” said NWM President, David Sung. “Much of our recent growth has come as a result of client satisfaction, with almost 75% of new business coming through referrals from existing clients and advisor partners such as accountants and lawyers.”

About Nicola Wealth Management:

NWM is a boutique financial planning and wealth management firm servicing the needs of High Net Worth & Ultra-High Net Worth families across Canada, offering executives, business owners and incorporated individuals a complete financial planning approach that emphasizes efficient tax structuring, grounded in a holistic and integrated process.

Media Contact

Lawrence Chew
Nicola Wealth Management, PR & Communications
604.739.6480, [email protected]