Description of Firm
Nicola Wealth Management Ltd is a registered investment adviser primarily based in Vancouver,
British Columbia, Canada. We are organized as a corporation under the laws of British Columbia,
Canada.
John Nicola, a resident of British Columbia, formed the John Nicola Financial Group Ltd. (now Nicola
Wealth Management, Ltd) in 1996 focusing on serving business owners and incorporated individuals.
Nicola Wealth Management Ltd. ("Nicola Wealth") is a privately-owned investment management firm
that provides a wide range of financial planning services, investment management, insurance and
estate planning. Nicola Wealth is a registered portfolio manager, investment fund manager and exempt
market dealer in various jurisdictions of Canada. It is licensed to sell insurance products to its clients in
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Prince Edward Island,
Nova Scotia, Newfoundland, Labrador and the Yukon. Investment portfolios we construct for our
clients focus on generating sustainable cash flow. Our investment strategies are designed to allow our
clients to invest in a broad range of markets and assets which are tailored to each client's investment
needs, risk tolerance and other important factors all of which aim to enhance client wealth.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to Nicola Wealth Management
Ltd and the words "you," "your," and "client" refer to you as either a client or prospective client of our
firm.
Portfolio Management Services
We offer discretionary portfolio management services. Our investment advice is tailored to meet our
clients' needs and investment objectives. If you participate in our discretionary portfolio management
services, we require you to grant us discretionary authority to manage your account. Subject to a grant
of discretionary authorization, we have the authority and responsibility to formulate investment
strategies on your behalf. Discretionary authorization will allow us to determine the specific securities,
and the amount of securities, to be purchased or sold for your account without obtaining your approval
prior to each transaction. We will also have discretion over the broker or dealer to be used for
securities transactions in your account. Discretionary authority is typically granted by the investment
advisory agreement you sign with our firm, a power of attorney, or trading authorization forms.
You may limit our discretionary authority (for example, limiting the types of securities that can be
purchased or sold for your account) by providing our firm with your restrictions and guidelines in
writing.
We also offer non-discretionary portfolio management services. If you enter into non-discretionary
arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf
of your account. You have an unrestricted right to decline to implement any advice provided by our firm
on a non-discretionary basis.
As part of our portfolio management services, in addition to other types of investments (see
disclosures below in this section), we may invest your assets according to one or more
model portfolios developed by their portfolio managers. These models are designed for investors with
varying degrees of risk tolerance ranging from a more aggressive investment strategy to a more
conservative investment approach. Clients whose assets are invested in model portfolios may not set
restrictions on the specific holdings or allocations within the model, nor the types of securities that can
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be purchased in the model. Nonetheless, clients may impose restrictions on investing in certain
securities or types of securities in their account. In such cases, this may prevent a client from investing
in certain models that are managed by our firm.
Financial Planning Services
We offer financial planning services which typically involve providing a variety of advisory services to
clients regarding the management of their financial resources based upon an analysis of their
individual needs. These services can range from broad-based financial planning to consultative or
single subject planning. If you retain our firm for financial planning services, we will meet with you to
gather information about your financial circumstances and objectives. We may also use financial
planning software to determine your current financial position and to define and quantify your long-term
goals and objectives. Once we specify those long-term objectives (both financial and non-financial), we
will develop shorter-term, targeted objectives. If we are engaged to provide a full financial plan for you,
once we review and analyze the information you provide to our firm and the data derived from our
financial planning software, we will deliver a written plan to you, designed to help you achieve your
stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information you provide to us. You must promptly notify our firm if your financial situation,
goals, objectives, or needs change.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions through another advisor.
Types of Investments
We will recommend and utilize a variety of different securities and investment products to construct an
investment portfolio based on your stated goals and objectives. We may also provide advice on any
type of investment held in your portfolio at the inception of our advisory relationship.
For our Canadian resident clients, we manage a number of proprietary pooled funds across a number
of different investment strategies, none of which are currently offered, or open, to new investors that
are resident in the United States.
Since our investment strategies and advice are based on each client's specific financial situation, the
investment advice we provide to you may be different or conflicting with the advice we give to other
clients regarding the same security or investment.
Assets Under Management
As of December 31, 2023, we provide continuous management services for $9,444,554,793 USD in
client assets on a discretionary basis, and $142,527,606 USD in client assets on a non-discretionary
basis.