Nick is the president, CEO, director and founding partner of BMG Group Inc. (BMG), which manages three Canadian mutual funds, a physical bullion program for high-net-worth investors, and the BMG Diversified Hedge Fund.
Nick has been actively involved in the finance and investment business for over 45 years. His career began in the 1970s at the Investment Division of A.E. LePage, where he was instrumental in the conception and implementation of a new dual licensing status – securities and real estate – for members of the division. As underwriting manager of the only national division, he was responsible for residential and commercial real estate projects nationwide. In that capacity, he pioneered the syndication of tax shelter real estate and generated over $2 billion in sales. He was instrumental in setting a precedent of obtaining approval for dual licensing in securities and real estate.
Nick oversaw over $300 million in sales of the land holdings for Chrysler Canada. He also acted as consultant for several business ventures, where he had developed an investment vehicle that allowed RRSP funds to be used for purchasing raw land.
Other clients have included various resort hotels in Canada and the US, a chain of franchised medical clinics, and a software development company.
For the past 24 years, Nick has focused on precious metals and the benefits available to investors who hold physical gold, silver and platinum bullion. He uses his understanding of the precious metals market to develop strategies, products and services for clients looking to integrate bullion into their portfolios. Nick’s view on the precious metals sector is that gold, silver and platinum, in bullion form, are a vital component of all investors’ financial programs, and should make up at least 10-20 percent of a well-diversified portfolio.
In 2002, Nick launched BMG BullionFund, Canada’s only RRSP-eligible open-end mutual fund trust that purchases equal dollar amounts of gold, silver, and platinum bullion. Subsequently, BMG Gold BullionFund, BMG Silver BullionFund and the BMG BullionBars program were launched as part of the company’s growth initiative. Nick designed all BMG products so they would not compromise any of the fundamental attributes of precious metals ownership: absolute liquidity, no counterparty risk, and no reliance on management skills. Launched in October 2019, the BMG Diversified Hedge Fund seeks to achieve long-term capital growth and income, and aims to surpass the Canadian Balanced Fund Index. BMG’s Diversified Hedge Fund is designed to take advantage of a major market correction in the global financial markets through a unique two-stage investment strategy.
In 2011, BMG became an Affiliate Member of the LBMA. BMG is also a signatory to the Principles of Responsible Investment (PRI). The PRI is the world’s leading proponent of responsible investment.
Widely recognized as an international bullion expert, Nick has written numerous articles on bullion and current market trends that are published on various news and business websites. He has appeared on BNN, CBC, CNBC and Sun Media, and has been interviewed for many articles that have been published in leading business publications across North America, Europe and Asia. His first book, $10,000 Gold: Why Gold’s Inevitable Rise Is the Investor’s Safe Haven, is a must-read for investors interested in the concept of sound money, who will benefit from Nick’s insights into the portfolio preserving power of gold.
Through BMG, Nick continues to develop products and services that allow investors of every level, from institutional to “do-it-yourself” individuals, to take full advantage of buying and holding uncompromised bullion in a diversified portfolio.