David Sung

David Sung brings unparalleled expertise and strategic leadership to his role as Executive Vice Chair of the Board and President of Institutional at Nicola Wealth. Tasked with expanding the firm’s institutional business, David leads efforts to build key partnerships and position Nicola Wealth as an emerging competitor in Canada’s institutional investment landscape. His strategic focus includes enhancing offerings for foundations, endowments, pensions, family offices, First Nations portfolios, and other institutional clients, ensuring the firm delivers comprehensive, tailored solutions that meet their complex financial needs.

With over three decades of experience in wealth management, David has been instrumental in Nicola Wealth’s national expansion and its reputation as a leader in advanced financial planning. He has overseen the development of a robust investment platform spanning public markets, private assets, and real estate, delivering superior results for high-net-worth families, corporations, and charitable endowments. His forward-thinking approach and deep understanding of the firm’s investment strategy equip him to drive Nicola Wealth’s institutional growth while continuing to serve key high-net-worth clients. David’s leadership reflects the firm’s entrepreneurial spirit and commitment to innovation, ensuring it evolves to meet the complex needs of its clients.

David’s commitment to community engagement is evident through his involvement in various organizations. David is currently Chair of the Board of the Vancouver Police Foundation (VPF) as well as Chair of the Arts Umbrella Foundation Board. He is also an active member of the BC YPO Chapter (Young President’s Organization). David is a Past President of the Arbutus Club, past Vice-Chair of the Board of the Museum of Vancouver, and past board member of the Vancouver Chapter of the Association for Corporate Growth (ACG).

David was named to Vancouver Magazine’s 2024 Power 50 List, highlighting his impact in the areas of finance and charity. His deep ties to the community, combined with his leadership in wealth management, make him a trusted advisor and influential figure in the industry. In 2025, he was once again named to Vancouver Magazine's 2025 Power 50 List alongside John Nicola, highlighting their shared commitment to giving back.

Prior to joining Nicola Wealth, David started Waterstreet Wealth Management, eventually merging with Nicola in 2004. A graduate of the University of British Columbia, David is a Certified Financial Planner (CFP®), a Chartered Investment Manager (CIM®) and was part of the inaugural cohort at the Family Enterprise Advisor Program (FEA) through UBC’s Sauder School of Business, Family Business Center.

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