Nicola Multi Family Office

Nicola Multi Family Office

John Nicola started the firm from his personal wealth advisory practice in Vancouver. The business expanded after David Sung merged Waterstreet Wealth Management into the platform in 2004. Christopher Nicola, John’s son, now serves as co-president. The firm allocates across real estate, infrastructure, private equity, private credit and venture. It holds direct positions in multi-family residential assets through Venterra Realty and industrial properties in British Columbia, Ontario, Arizona and Minnesota. Additional holdings include office buildings in Washington state and mixed-use developments in Vancouver. Geographic reach remains limited to North America. Investment stages span Series A through growth equity and buyouts. The platform employs integrated teams that handle portfolio construction alongside tax and estate planning. It maintains the Nicola Wealth Private Giving Foundation as a separate philanthropic vehicle. David Sung holds membership in the BC chapter of YPO. John Nicola received appointment to the Order of Canada in 2018. No material leadership or structural changes have been recorded in the past 24 months. The firm’s structure ties investment decisions directly to the founding family’s operating company, Nicola Wealth, rather than relying on external fund commitments. This creates a single point of governance for both client capital and the firm’s own balance sheet.