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:

Seven Nicola Wealth Advisors Named to Wealth Professional’s Top 50 Advisors List

Seven Nicola Wealth Financial Advisors were named in Wealth Professional Canada’s Top 50 Advisor’s List, including Karen Ikeda, the first female in the history of the awards to hold the top spot. In total, the 50 advisors who made the list this year are managing more than $18.5 billion in assets, up from last year’s total of $16 billion.

Nicola Wealth Advisor’s That Made the List:

  • Karen Ikeda, ranked #1
  • Russell Feenstra, ranked #13
  • Jason Nicola, ranked #19
  • Sophia Ito, ranked #37
  • Ethan Astaneh, ranked #38
  • Brent Thomson, ranked #41
  • Karisa Schaitel, ranked #45


The final list is based on each advisor’s weighted ranking in four categories: overall AUM, AUM growth, client growth (both between October 2019 and October 2020) and, new this year, the number of certifications beyond a bachelor’s degree and basic securities licence.

Once received, all information was verified by WP with the advisor’s compliance department. The magazine’s data and analytics team then tabulated a ranking for each advisor in each category and combined those scores to determine the advisor’s final ranking on the 2021 Top 50 Advisors list.

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