Cardinal Point Wealth Management, Inc. announced today that it has acquired Seabank Capital Management Inc. With the addition of Seabank Capital, Cardinal Point continues to establish itself as the leading provider of cross-border wealth management solutions for residents of Canada and the United States.
Cardinal Point Wealth Management, Inc. is a Canadian-based, fee-only financial planning firm that specializes in assisting affluent individuals and families in the U.S. and Canada with their domestic and cross-border financial planning. The firm is part of the Cardinal Point Group of Companies, which also includes Cardinal Point Wealth Management, LLC, a provider of investment, financial and cross-border planning services in the U.S.
Seabank Capital Management Inc. is a Vancouver-based boutique investment firm. Seabank specializes in providing cross-border advice and investment management services to citizens and ex-patriots living in Canada and the U.S. The firm is a registered investment advisor in the U.S. and a registered portfolio manager in Canada.
“Under Dan Walkow’s leadership, Seabank Capital has long delivered customized portfolio management solutions of the highest caliber to their clients. We are thrilled to have a professional of Dan’s talent join the Cardinal Point team,” said James Sheldon, Chief Executive Officer of Cardinal Point.
According to Seabank Chief Investment Officer & Managing Director Dan Walkow, “We believe that bringing Cardinal Point and Seabank together will synergize our operations and ultimately provide clients with a more robust firm. We are excited to leverage the combined strength and expertise of both businesses.”
This acquisition reinforces Cardinal Point’s commitment to and presence in the cross-border arena. There has been a dramatic rise in demand for financial advice and guidance for individuals with assets on both sides of the border or who are transitioning between the U.S. and Canada. The firm plans to continue to expand its operations throughout the U.S. and Canada to meet this growing demand for its specialized solutions. Cardinal Point Wealth Management Inc. now has offices in Toronto, Calgary and Vancouver, while Cardinal Point Wealth Management, LLC has offices in Irvine and Boca Raton.
Very few firms today provide a truly integrated Canada-U.S. investment strategy and have the personnel in place to deliver personalized financial planning solutions. Through its acquisition of Seabank Capital, Cardinal Point further strengthens the firm’s unique ability to help investors manage their wealth on both sides of the border.