From the Insurance & Investment Journal article:
Managing cross-border clients is a challenging area for advisors that requires thorough knowledge on how to handle life insurance, investments, taxes and pensions while respecting two countriesā rules and regulations.
The Insurance and Investment Journal spoke to U.S-Canada cross-border expert Terry Ritchie, a director at Cardinal Point Wealth Management, whoās specialized in the field for more than 25 years to find some answers. He says if you donāt have knowledge or experience it is very easy to mess things up for your client.