Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

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David Sung




Client Relationship Manager

David Sung


As President of Nicola Wealth, David helps lead the company in its commitment to achieving unsurpassed client satisfaction through the delivery of the highest quality investment management and financial planning services for business owners, corporate executives, foundations and other individuals or entities of substantial income and/or assets.

In addition to working directly with some of the firm’s high net worth clients, David is an active participant in the firm’s portfolio management group, and sits on the firm’s Investment Review Board (IRB), the Real Estate division’s Investment Review Committee (IRC), and the Private Assets Investment Review Committee (IRC).

A native Vancouverite, David is passionate about his roots. You can regularly find him hiking the Grouse Grind or running the stairs at UBC. He is an active member of the BC YPO Chapter and currently sits on both the Vancouver Police Foundation (VPF) board as well as the Arts Umbrella Foundation board. David is a Past President of the Arbutus Club and previously, he served on the Professional Advisory Committee of the UBC Business Families Centre at the Sauder School of Business, the board for the Vancouver chapter of the Association for Corporate Growth (ACG) and as well, the Board of Directors to the Museum of Vancouver. Married since 1997, David, his wife Tassan and their two children lead an active lifestyle.

After graduating from the University of British Columbia in 1992, David began a career in financial services, eventually starting his own company in 1999. In 2003, he merged his business (Waterstreet Wealth Management) with Nicola Wealth, becoming an integral part of the management team and growing Nicola Wealth into one of Canada’s fastest-growing wealth management companies.

David is a frequent guest speaker for many professional associations, industry groups and regularly contributes to local and national media publications.

Recently, some of the groups and publications David has contributed to include:

  • The CBC
  • The Globe & Mail
  • The National Post
  • BNN News TV
  • The Vancouver Sun
  • Business in Vancouver
  • Canadian Business Magazine
  • Advisors Edge
  • Investment Executive
  • Wealth Professional

For all interviews and media inquiries please contact Victoria Emslie at [email protected].

Question & Answers

  • Words my father taught me:

    There’s only one way to do something. The right way.

  • What languages do you speak?

    Enough Cantonese to order Dim Sum and enough Korean to get my black belt

  • Favourite music genre?

    Bring back the 80's

  • If you could travel anywhere in the world, where would it be?

    Tanzania with my wife and kids to show them where I lived in the early 70's

  • Retirement Dreams?

    Retirement? I've got kids to put through university!