{
  "crd_number": 173201,
  "slug": "nicola-wealth-management-ltd-vancouver-173201",
  "primary_business_name": "NICOLA WEALTH MANAGEMENT LTD.",
  "legal_name": "NICOLA WEALTH MANAGEMENT LTD.",
  "dbas": [],
  "city": "Vancouver",
  "state": null,
  "country": "Canada",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-08-14",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-09-09",
  "carried_forward": false,
  "raum_total": 11042694801.0,
  "raum_discretionary": 10831692378.0,
  "raum_non_discretionary": 211002423.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 531,
  "advisory_employees": 217,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 479539848.0,
      "count": 650
    },
    "individuals": {
      "raum": 1085768766.0,
      "count": 3569
    },
    "high_net_worth_individuals": {
      "raum": 9071261086.0,
      "count": 2378
    },
    "corporations_other_businesses": {
      "raum": 406125101.0,
      "count": 121
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "NY",
    "TX",
    "WA"
  ],
  "websites": [
    "https://beacons.ai/nicolawealth",
    "https://instagram.com/nicolawealth",
    "https://linkedin.com/company/nicola-crosby-real-estate-asset-management",
    "https://linkedin.com/company/nicola-institutional-realty-advisors",
    "https://linkedin.com/company/nicola-wealth-management",
    "https://linkedin.com/company/ninthavenuecapital",
    "https://linkedin.com/showcase/nicola-wealth-private-capital",
    "https://nicolawealth.com",
    "https://ninthavenuecapital.ca",
    "https://threads.net/@nicolawealth",
    "https://twitter.com/NicolaWealthRE",
    "https://twitter.com/nicolawealth",
    "https://us.nicolawealth.com",
    "https://youtube.com/user/nicolawealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/173201",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "VANCOUVER",
  "url": "https://advisorcensus.com/firm/nicola-wealth-management-ltd-vancouver-173201",
  "display_name": "Nicola Wealth Management Ltd.",
  "summary": "Nicola Wealth Management Ltd. is an SEC-registered investment advisory firm in Vancouver, Canada, registered since 2020, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 9, 2026.",
  "citation": "AdvisorCensus. Nicola Wealth Management Ltd. (CRD 173201): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Nicola Wealth Management Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Nicola Wealth Management Ltd. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does Nicola Wealth Management Ltd. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Flat fee: $1,500 to $5,000 (formal financial plans). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Nicola Wealth Management Ltd. located?",
      "a": "Nicola Wealth Management Ltd.'s principal office is in Vancouver, Canada, according to its Form ADV; the October 2026 filing also lists 6 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Nicola Wealth Management Ltd. registered with the SEC or a state?",
      "a": "Nicola Wealth Management Ltd. is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 173201."
    },
    {
      "q": "How much does Nicola Wealth Management Ltd. manage?",
      "a": "Nicola Wealth Management Ltd. reports $11,042,694,801 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (98% discretionary)."
    },
    {
      "q": "How have Nicola Wealth Management Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Nicola Wealth Management Ltd.: Regulatory assets under management: $5,729,570,595 in the October 2021 data and $11,042,694,801 in the October 2026 data, up 93%. Total employees: 292 in October 2021 and 531 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Nicola Wealth Management Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,569); high net worth individuals (2,378); charitable organizations (650)."
    },
    {
      "q": "Which custodians does Nicola Wealth Management Ltd. use?",
      "a": "Nicola Wealth Management Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Bank Independent Network (Nbin) and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Nicola Wealth Management Ltd. report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/173201"
    },
    {
      "q": "Does Nicola Wealth Management Ltd. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our sole discretion, we may waive or lower this minimum account size.\""
    },
    {
      "q": "What changed in Nicola Wealth Management Ltd.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 5729570595.0,
      "total_employees": 292,
      "filing_date": "2021-09-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 7565448175.0,
      "total_employees": 324,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 8147770585.0,
      "total_employees": 393,
      "filing_date": "2023-06-14"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 9587082399.0,
      "total_employees": 459,
      "filing_date": "2024-09-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 10043703386.0,
      "total_employees": 491,
      "filing_date": "2025-06-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 11042694801.0,
      "total_employees": 531,
      "filing_date": "2026-09-09"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 184 to 217.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": "$10,000",
    "planning_fees": [
      "Flat fee: $1,500 to $5,000 (formal financial plans)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our sole discretion, we may waive or lower this minimum account size."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $10,000"
        ],
        "quotes": [
          "We charge a minimum annual fee in the amount of $10,000 to open and maintain an advisory account. At our sole discretion we may waive or lower this minimum fee."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 to $5,000 (formal financial plans)"
        ],
        "quotes": [
          "We charge a fixed fee for formal financial plans, which generally ranges between $1,500USD to $5,000USD."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": 10000.0,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 1500.0,
          "max": 5000.0,
          "period": "one_time",
          "service": "formal financial plans"
        }
      ]
    },
    "quotes": [
      "In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our sole discretion, we may waive or lower this minimum account size.",
      "We charge a minimum annual fee in the amount of $10,000 to open and maintain an advisory account. At our sole discretion we may waive or lower this minimum fee.",
      "We charge a fixed fee for formal financial plans, which generally ranges between $1,500USD to $5,000USD."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Bank Independent Network (Nbin)",
      "name_as_filed": "NATIONAL BANK INDEPENDENT NETWORK (NBIN)",
      "affiliated": false
    },
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/nicola-wealth-management-ltd-vancouver-173201.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3569,
      "fewer_than_5": false,
      "raum": 1085768766.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 2378,
      "fewer_than_5": false,
      "raum": 9071261086.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 650,
      "fewer_than_5": false,
      "raum": 479539848.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 121,
      "fewer_than_5": false,
      "raum": 406125101.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/173201",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}