{"url":"https://nivawealth.com/firms/nicola-wealth-management-173201","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/173201","regulatoryAum":11042694801,"crd":"173201","secFileNumber":"801-119288","legalName":"Nicola Wealth Management LTD.","displayName":"Nicola Wealth Management","website":"http://www.nicolawealth.com","founded":null,"organization":"corporation organized in Canada","fiscalYearEnd":"December","headquarters":{"street":"1508 West Broadway, 5th Floor","city":"Vancouver","state":"","stateName":"","country":"Canada","postalCode":"V6J1W8"},"tradeNames":[],"registration":{"secApproved":"14 August 2020","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":531,"advisory":217,"brokerDealerReps":0,"insuranceAgents":102,"promoters":7},"aum":{"discretionary":10831692378,"discretionaryAccounts":27529,"nonDiscretionary":211002423,"nonDiscretionaryAccounts":224,"wrapProgram":null,"nonUsClientsPct":99,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other 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Institutional","crd":"7272140"},{"name":"David Poster","title":"Chief Financial Officer and Director","crd":"7276512"},{"name":"Abigail Coman-Walker","title":"Chief Operating Officer","crd":"8175219"},{"name":"Richard Chen","title":"Chief Compliance Officer","crd":"7408741"},{"name":"Jamie Duncan","title":"Director","crd":"7272143"},{"name":"Paul Hollands","title":"Director","crd":"8111142"},{"name":"William John","title":"Chief Investment Officer","crd":"4230642"},{"name":"John Nicola","title":"Founder, Executive Chair and Wealth Advisor","crd":"7272139"},{"name":"Carrie Russell","title":"Director","crd":"7727720"},{"name":"Thomas Shepansky","title":"Director","crd":"7697204"},{"name":"Anne Thomas","title":"Director","crd":"7697201"}],"ownership":[{"label":"NWM Holdings LTD.","detail":"Shareholder in the 50% to 75% ownership band and a control person, since November 2020."},{"label":"Claire Nicola Holdings LTD.","detail":"Indirect owner: a shareholder of NWM Holdings LTD. in the 50% to 75% band and a control person, since November 2020.","parent":"NWM Holdings LTD."},{"label":"Nicola 2018 Family Trust","detail":"Indirect owner: a shareholder of Claire Nicola Holdings LTD. in the 75% or more band and a control person, since July 2018.","parent":"Claire Nicola Holdings LTD."},{"label":"Evelyn Nicola","detail":"Indirect owner: trustee of Nicola 2018 Family Trust, since July 2018.","parent":"Nicola 2018 Family Trust"},{"label":"John Nicola","detail":"Indirect owner: trustee of Nicola 2018 Family Trust, since July 2018.","parent":"Nicola 2018 Family Trust"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"604-739-6450","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based 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have?","answer":"Nicola Wealth Management has 6,718 clients and manages $11 billion for them, as of September 2026. They include 3,569 other individuals, 2,378 high-net-worth individuals and 650 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Nicola Wealth Management offer?","answer":"Nicola Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Nicola Wealth Management use?","answer":"Nicola Wealth Management’s separately managed account assets are held at National Bank of Canada (Toronto), with $10,944,314,659 and Pershing Advisor Solutions LLC (Jersey City, NJ), with $98,380,142. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Nicola Wealth Management have?","answer":"Nicola Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 531 employees, and 217 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 102 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Nicola Wealth Management invest in?","answer":"At the end of its last fiscal year, Nicola Wealth Management’s separately managed accounts held 91% pooled vehicles (private funds and similar), 5% cash and equivalents, 2% exchange-traded equities and 2% registered funds (mutual funds, ETFs, BDCs). It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Nicola Wealth Management?","answer":"Nicola Wealth Management’s direct owner is NWM Holdings LTD. (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 9 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Nicola Wealth Management get paid?","answer":"Nicola Wealth Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/nicola-wealth-management-173201/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-06","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1734493/000173449326000006/0001734493-26-000006-index.html","totalValue":868419947,"positionCount":61,"top10Share":0.3033371008001501,"top10":[{"issuer":"WASTE CONNECTIONS INC","titleOfClass":"COM","cusip":"94106B101","value":40496197,"shares":243000,"shareType":"SH","priorValue":33885035,"priorShares":208600},{"issuer":"PEMBINA PIPELINE CORP","titleOfClass":"COM","cusip":"706327103","value":30731193,"shares":664500,"shareType":"SH","priorValue":29738691,"priorShares":664500},{"issuer":"NVIDIA 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}