INVESTMENT MANAGEMENT
Cardinal Point provides personally tailored investment management services for clients with U.S. and Canadian investment accounts. Investment strategies are customized to our clients’ risk tolerance and goals and then we work to fully integrate them into their tax, financial and estate planning initiatives.
Investment Management
Cardinal Point provides personally tailored investment management services for clients with U.S. and Canadian investment accounts. Investment strategies are customized to our clients’ risk tolerance and goals and then we work to fully integrate them into their tax, financial and estate planning initiatives.
Professionally Managed
The firm’s Investment Philosophy is molded by the Cardinal Point Investment Committee, a group of five investment professionals with over 100 years of combined investment management experience. Committee members hold numerous industry credentials, including CFA, CFP, CIM, CIWM, and FCSI designations. The Committee meets formally on a quarterly basis to review all aspects of the investment management process.
Investment Philosophy
Our Investment philosophy guides an investment management process comprised of three key components: Discovery of your risk tolerance & capacity, formation of a customized asset allocation, and implementation of that allocation across multiple currencies and jurisdictions.
A Transparent Investment Strategy
Cardinal Point adheres to a transparent and conflict-free investment philosophy in which our clients’ interests are always put first. As a fee-only firm, we do not invest our clients’ assets in investment products that directly compensate our firm through hidden commissions, trailer fees or 12b-1 fees, and we do not offer proprietary products for investment. We feel these products can create a conflict of interest between the advisor and client. Instead, our investment committee puts an emphasis on investment process and researching best-in-class investment solutions for our clients. To help further protect our clients’ assets, all investment accounts are held and safeguarded through third-party custodians.
Managing Money Across Borders
Cardinal Point through its portfolio management company, Cardinal Point Capital Management, has the ability to manage integrated investment portfolios that include accounts in Canada and the U.S. Many of our clients have lived and worked in Canada and the U.S. and have accumulated assets and investment accounts in both countries. It can be very difficult to locate an advisor that can oversee these investment accounts in the two countries, and many have had to work with an advisor on each side of the border. At Cardinal Point, we create and oversee integrated cross-border investment portfolios that include all types of accounts in both Canada and the U.S.
OUR RECENT PUBLICATIONS
EBook: The Health Savings Account in a Canada-U.S. Context
A good savings or investment account allows you to avoid tax on contributions, income, and distribution. Not all available options meet these goals. For Americans living in the U.S., the Health Savings Account (HSA) does, in certain circumstances. For Americans living in Canada, though, the HSA’s benefits disappear as contributions cannot continue and tax liability opens up in Canada for income in the plan. Similarly for Canadians living in the U.S., benefits cease for Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs). Take a look at this e-book for more detail on the savings and investment plans available and see how they compare.
Infographic: Can A Foreign Spouse Claim U.S. Social Security?
US Taxation of Your Canadian Rental Home
For Canadians moving to the U.S., the options for their home are to sell it, to keep it as a secondary residence, or to rent it. Each has its pros and cons.
Choosing to rent creates tax and capital gains issues in Canada and in the U.S., ongoing tax filing requirements, and the need for a dependable local property manager. Decisions need to be made in a timely way to maximize available tax exemptions. It is complicated, but it may be a wise choice. Cardinal Point’s cross-border specialists can help you decide if it is right for your specific situation and then show you how to use the Canada/U.S. Tax Treaty provisions to your advantage.