VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 6, 2014) - Nicola Wealth Management (NWM) is proud to announce it has been selected as a finalist for the 2014 Private Business Growth Award. Presented by Grant Thornton LLP and the Canadian Chamber of Commerce, the award celebrates private businesses that put sustainable growth at the top of their agenda. Ten companies across the country were shortlisted for their ability to achieve growth across five core aspects of their business.
"I want to congratulate all the finalists for being bold enough to look beyond the top line and focus on long-term growth," said Phil Noble, Executive Partner and Chief Executive Officer, Grant Thornton LLP. "These model private businesses all demonstrate critical skills to ensure sustainable growth, including market development and strategic leadership and as a result, they have built strong companies of which they should be proud. Not only do each of them contribute to the communities in which they operate, they are a source of pride for Canada both at home, and in some cases, abroad."
Nicola Wealth Management and other finalists will be celebrated at a gala dinner at the Four Seasons Hotel in Toronto on November 19, 2014, when the winning company will be announced.
"It is an honour to be named a finalist for this award and a privilege to be in such esteemed company," said David Sung, President of NWM. "Private businesses help drive the heart of Canada's economy, and we place a premium on innovating to support our clients, many of whom are successful entrepreneurs and business owners themselves."
Finalists were evaluated using the following five criteria to assess growth across various aspects of their business:
- Innovation: Developing new products and services, bringing old products to market in a new way as well as improving the efficiency and effectiveness of internal processes.
- Market development: How they go to market and expand into new domestic or international markets.
- People and culture: Investing in their people by helping employees learn and develop as a critical part of overall growth.
- Strategic leadership: How they interact with partners, stakeholders, their succession planning and community involvement.
- Improvements in financial measures: Ensuring revenue growth and improvements in profitability.
"This year's finalists demonstrate that successful growth isn't just about being bigger, it's about building a strong foundation for long-term growth," said Perrin Beatty, President and Chief Executive Officer of the 200,000-member Canadian Chamber of Commerce, Canada's largest and most representative national business association. "All ten finalists have distinguished themselves by looking beyond their quarterly results to drive growth in areas such as innovation, market development, and their people. It's this type of growth that will enable the Canadian economy to grow and remain strong year after year."
About Nicola Wealth Management
Established in 1994, Nicola Wealth Management (www.nicolawealth.com) is one of Canada's fastest growing asset fund management and private investment counsel firms (Investor Economics 2011, 2012) with almost $3 billion in assets under management. The firm provides wealth accumulation, retirement and legacy planning services and expertise to high net worth individuals, institutions, and foundations across Canada. NWM's team of experienced advisors and support staff offer one of the best advisor-to-client ratios in the industry.
About the Private Business Growth Award
The Private Business Growth Award recognizes Canadian-owned, privately-held businesses that have been in business a minimum of three years, have $5 million or more in revenues and have demonstrated outstanding strategic growth. A partnership between The Canadian Chamber of Commerce and Grant Thornton LLP, 2014 marks the second year this national business award has recognized and celebrated the successful growth of private businesses across the country. Each year, a jury of high-profile business leaders from across the country selects ten finalists and eventually one winning company based on the following criteria: innovation, market development, people and culture, strategic leadership, and improvements in financial measures. The winner receives a commemorative statue, a one-year membership to the Canadian Chamber of Commerce and $10,000 in accounting and/or advisory services from Grant Thornton LLP. For further information, visit www.privatebusinessgrowthaward.com. #growthaward
About Grant Thornton LLP
Grant Thornton LLP is a leading Canadian accounting and advisory firm providing audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Together with the Quebec firm Raymond Chabot Grant Thornton LLP, Grant Thornton in Canada has approximately 4,000 people in offices across Canada. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member firms operate in over 100 countries worldwide. For more information visit www.grantthornton.ca.
About the Canadian Chamber of Commerce
The Canadian Chamber of Commerce is the vital connection between business and the federal government. Through its network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions, it helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada. For more information visit www.chamber.ca.