Nicola Wealth Management (NWM) has opened a new office in Toronto in a bid to expand its footprint in eastern Canada and cater clients in the Greater Toronto Area.

In addition, the firm has appointed Kostas Andrikopoulos as new managing director (Eastern Canada) for the new office.

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Previously, Andrikopoulos served as CEO of a large national wealth planning firm and has been providing planning and tax advice for two decades.

Located at Suite 1702 – 2 Bloor Street West, the new Toronto office will accelerate the firm’s growth in Eastern Canada.

David Sung, president of Nicola Wealth Management, said: "Opening a new office central to a number of our clients in the GTA is ideal as we continue to expand and establish a more active presence in Ontario. We look forward to further promoting our brand and staffing the office with a talented team."

Andrikopoulos said: "My goal is to establish operations in the GTA and help to accelerate the firm’s growth in Eastern Canada. I am excited to be a part of Nicola Wealth and work with the company’s growing client base in Eastern Canada."

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Set up in 1994, NWM manages over $2.7-billion in assets under management and provides wealth accumulation, retirement and legacy planning services and expertise to HNW individuals, institutions, and foundations across Canada.