# Nicola Wealth Management

Nicola Wealth Management is a Multi Family Office based in Vancouver, Canada.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Vancouver, Canada
- **Region:** North America
- **Address:** Vancouver, British Columbia, Canada
- **Founded:** 1994
- **Assets under management:** C$12B (per the firm, 2024)
- **Website:** nicolawealth.com
- **LinkedIn:** https://www.linkedin.com/company/nicola-institutional-realty-advisors

## Regulatory record

- **CRD number:** 173201
- **SEC file number:** 801-119288
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/173201

## About

NICOLA WEALTH MANAGEMENT LTD. is an SEC-registered investment adviser in VANCOUVER, registered since 2020. The firm manages $11.0 billion in assets, with $10.8 billion on a discretionary basis. It has 531 employees and 217 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Private Equity
- Fixed Income
- Hedge Funds

## Offices

- Toronto
- Calgary
- Montreal
- Kelowna
- Victoria

## People

- John Nicola — Chairman and Chief Executive Officer
- Jeff Cates — President
- Adrian Spitters — Chief Investment Officer

## Questions

### Who runs investment decisions at Nicola Wealth?

Adrian Spitters serves as Chief Investment Officer and leads the investment committee. John Nicola remains Chairman and CEO. The firm employs a dedicated investment team that manages both public market and alternative asset allocations internally.

### How does Nicola Wealth source proprietary deal flow?

The firm sources direct investments through its in-house real estate and private credit teams, which cultivate relationships with developers, operators, and mid-market companies across Canada. Nicola Wealth also participates in club deals and co-investments alongside other institutional investors.

### Does Nicola Wealth invest in fund commitments or only direct deals?

The firm uses a hybrid approach. It invests through proprietary pooled funds that are internally managed, as well as through direct co-investments in real estate, private credit, and infrastructure deals. It also allocates to external third-party managers for certain strategies.

### What investment stages does Nicola Wealth typically target?

The firm targets primarily income-generating assets such as commercial real estate, infrastructure, and private credit. Its private equity activity focuses on mid-market growth companies rather than early-stage venture capital.

### How is Nicola Wealth related to the Nicola Wealth Foundation?

The Nicola Wealth Foundation is a separate charitable entity funded by a portion of the firm's profits. It is governed by an independent board and focuses on children's health, education, and community development in Canada.

## Related profiles

- [Steamboat Capital Partners](https://altss.com/profile/steamboat-capital-partners-llc)
- [S. Williams Capital](https://altss.com/profile/s-williams-capital-llc)

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Last updated: 2026-07-06T01:24:22.005Z

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