Vancouver-based Nicola Wealth Management, an independent financial planning and portfolio management firm serving high net worth individuals and families, has opened a new office in Toronto.

“We have had tremendous success over the last 20 years and we continue to see potential for more growth in Canada,” said David Sung, president of Nicola Wealth Management, in a release. “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.”

Heading the Toronto office as managing director (Eastern Canada) is Kostas Andrikopoulos. Andrikopoulos is the former CEO of wealth planning firm T.E. Wealth, and has been providing planning and tax advice for two decades.

He is a member of the Institute of Chartered Accountants of Ontario (ICAO) and the Society of Trust and Estate Practitioners (STEP), and a board member of Concordia University’s John Molson School of Business.

“My goal is to establish operations in the GTA and help to accelerate the firm’s growth in Eastern Canada,” said Andrikopoulos.

Since its inception in 1994, Nicola Wealth has seen its assets under management grow to over $2.7 billion.