Cross Border Clients
Canadians moving to the U.S.
'The two most common reasons why Canadians move to the United States are to try to escape the cold or to follow a new employment opportunity. When they do, they can find themselves in the unfortunate situation of being 'orphaned' by their existing Canadian based Investment Advisors as most Canadian investment advisory firms are not properly registered to do business with Canadians in the United States. The case study below illustrates how our group at Sartorial Wealth of Raymond James Ltd. can help.
Frank is a senior-level bank executive who built his career in Canada, but seized a growth opportunity to take a position in the United States. He planned to relocate and spend at least 10 years across the border, leaving his RRSP and other investments in Canada, where he would eventually retire.
Though the move was good for his career, it complicated his financial picture. He would have to enlist a U.S. advisor to handle his IRA, 401(k(, Roth IRA and non-registered savings, while keeping his Canadian advisor solely for his RRSP account.
Frank would no longer need two advisors to accomplish his goals. His Sartorial Wealth of Raymond James Ltd. cross border advisor can create a disciplined investment strategy and comprehensive retirement income plan that can take his entire portfolio into consideration, regardless of where Frank ultimately ends up.
Feel free to schedule a call and we would be happy to give you a complimentary analysis of your financial situation.