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:

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David Sung




Client Relationship Manager

David Sung


As president of Nicola Wealth, David, along with the senior leadership team, helps lead the company on its continued growth trajectory as one of Canada’s fastest growing wealth management companies.

Now at $11.7 billion in client assets, Nicola Wealth continues its expansion across Canada and into the US through the identification and management of tactical opportunities. By stewarding its expansion, David has helped position Nicola Wealth as an exemplar in wealth management and advanced financial planning. Today, with its industry leading advisory and institutional-class investment platform covering public markets, private assets and hard asset real estate, Nicola Wealth serves high net worth and ultra-high net worth families, charitable endowments, foundations, First Nations portfolios, universities, corporations and select single family offices.

To facilitate Nicola Wealth’s robust growth, David focuses on forging relationships by building and aligning with teams and individuals with expertise in financial and wealth management, private capital, real estate and mergers and acquisitions.

In addition to his strategic leadership role, David works directly with some of the firm’s high net worth clients and is an active participant in the firm’s portfolio management groups, sitting on the firm’s Investment Review Board (IRB), the Real Estate division’s Investment Review Committee (IRC), and the Private Assets Investment Review Committee (IRC).

A native Vancouverite, David is passionate about his roots and engaging with his community. You can regularly find him hiking the Grouse Grind or running the stairs at UBC. He is an active member of the BC YPO Chapter (Young Presidents Organization) and currently sits on both the Vancouver Police Foundation (VPF) board as well as the Arts Umbrella Foundation board. David is a Past President of the Arbutus Club and previously, he served on the Professional Advisory Committee of the UBC Business Families Center at the Sauder School of Business, the board for the Vancouver chapter of the Association for Corporate Growth (ACG) and as well, Vice-Chair of the Board of Directors to the Museum of Vancouver.

David is a frequent guest speaker for many professional associations, industry groups and regularly contributes to local and national media publications.

Recently, some of the groups and publications David has contributed to include:

  • The CBC
  • The Globe & Mail
  • The National Post
  • BNN News TV
  • The Vancouver Sun
  • Business in Vancouver
  • Canadian Business Magazine
  • Advisors Edge
  • Investment Executive
  • Wealth Professional

Prior to joining Nicola Wealth, David started Waterstreet Wealth Management, eventually merging with Nicola in 2004, after ten years in the wealth management sector.

A graduate of the University of British Columbia, David is also a Certified Financial Planner (CFP), a Chartered Investment Manager (CIM) and was part of the inaugural cohort at the Family Enterprise Advisor Program through UBC’s Sauder School of Business, Family Business Center.

* For all interviews and media inquiries please contact Nicole Thompson at [email protected].

Question & Answers

  • Best advice I've received:

    There’s only one way to do something. The right way.

  • What languages do you speak?

    Enough Cantonese to order Dim Sum and enough Korean to get my black belt

  • Favourite music genre?

    Bring back the 80's

  • If you could travel anywhere in the world, where would it be?

    Tanzania with my wife and kids to show them where I lived in the early 70's

  • Retirement Dreams?

    Retirement? I've got kids to put through university!