INVESTMENT IMPLEMENTATION
ardinal Point aims to ensure that you have exposure to a well-diversified portfolio of 1,000s of stocks from around the world and is uniquely situated to offer licensed advice, ongoing maintenance, and reporting on your assets across the U.S. and Canada.
INVESTMENT IMPLEMENTATION
ardinal Point aims to ensure that you have exposure to a well-diversified portfolio of 1,000s of stocks from around the world and is uniquely situated to offer licensed advice, ongoing maintenance, and reporting on your assets across the U.S. and Canada.
After the overall risk tolerance has been set and the underlying targeted asset allocation determined, we then move on to determine how those exposures should be garnered. When looking at the entire investment universe in the U.S. and Canadian markets, the Investment Committee weighs a variety of factors.
Weighing these aspects, we can construct model portfolios of institutional mutual funds and exchange traded funds (ETFs) to match your unique situation. We constantly monitor our exposures and conduct an in-depth quarterly due diligence process, frequently speaking with the investment managers of the underlying funds and discussing fund and model level performance against benchmarks in our quarterly Investment Committee meetings. Changes are made to our recommended fund list for a variety of reasons including the identification of more efficient implementation vehicles or the emergence of opportunities for further diversification.
- Expense ratios
- Trading liquidity
- Turnover of vehicle
- Tracking Error
- Fund Size
- Liquidation Costs
- Track Record
- Purity of Exposure
- Cash Efficiency
- Volatility
- Max Drawdown
- Passive Foreign Investment Compliant Reporting
At the end of this process we aim to ensure that you have exposure to a well-diversified portfolio of 1,000s of stocks from around the world, including moderate tilts towards some of those areas of the stock market academically shown to have higher expected returns, mixed with the right amount of high-quality bonds to meet your specific needs and aspirations. Cardinal Point is uniquely situated to offer licensed advice, ongoing maintenance, and reporting on your assets across the U.S. and Canada.
OUR RECENT PUBLICATIONS
Winter 2023/2024 Tax Highlights – USA
The tax team at Cardinal Point Capital Management has put together a few highlights of what is old and what is new for taxes and compliance in the United States this winter of 2023–2024. The Tax Cuts and Jobs Act is still in play until 2026 and the lower tax rates, higher gift and estate tax exemption and complex foreign reporting are both your planning opportunities and your foreign compliance burden. The SECURE Act 2.0 offers better choices for retirement savings. Clean energy tax credits from the Inflation Reduction Act are fully available for 2023 and forward. Beneficial Ownership Reporting will start in January 2024.
Winter 2023/2024 Tax Highlights – Canada
2023 was a busy year of changes for taxation in Canada! Changes to the Alternative Minimum Tax (AMT) are substantial and will affect most taxpayers with capital gains and stock options. The tax team at Cardinal Point Capital Management has put together this letter to explain AMT at a high level and point out some other measures that warrant notice. These other measures include: the First Home Savings Account, anti-flipping rules for principal residences, the Underused Housing Tax, vacant home taxes expanded reporting for all trusts (including bare trusts), enhanced GAAR, and the Mandatory Disclosure Rules. Let’s jump in with the increased limit for withdrawals of EAP (the grant portion) from an RESP.
2024 Annual Inflation Adjustments from the IRS – Cross-Border Implications
The only constant in the world of taxes is change. The IRS recently announced the inflation adjusted numbers for 2024. Spoiler alert: All the numbers increase until 2026. For U.S. citizens living abroad and for non-U.S. persons with assets in the U.S., these changes matter. In this article, the tax team at Cardinal Point Capital Management goes over the dollar limits such as the increase in the lifetime gift and estate tax exemption to $13,610,000 and what that means for a non-resident whose estate is in multiple countries or whose inheriting spouse is not a U.S. citizen.