Vancouver-based Nicola Wealth Management Ltd. has hired the former co-CEO and founder of Grayhawk Investment Strategies Inc. (Grayhawk Wealth) to help grow its ultra-high-net-worth business.
Michael Kaumeyer will be based in Calgary and work nationally for the firm, a release said. Kaumeyer’s leadership will “help the firm grow while assisting clients in building meaningful legacies,” it said.
In 2015, Kaumeyer founded Grayhawk Wealth, which serves families with multigenerational wealth and foundations. In 2020, Sagard Holdings, Power Corp.’s alternative asset management business, became a majority stakeholder in Grayhawk.
Nicola manages more than $16 billion in client assets, with the ultra-high-net-worth segment accounting for more than $3 billion of that total. The firm has advisors in B.C., Alberta and Ontario.
Last week, the firm announced that founder and CEO John Nicola would transition out of his role by the end of 2025, to be succeeded by Christopher Nicola, who will first become president and then transition to the CEO role in 2026.