Cross Border Clients
Cross Border Services
FINANCES WELL MANAGED, EVEN FROM ACROSS THE BORDER.
We help Americans and Canadians who find themselves in the unique situation of having investment accounts on both sides of the border. Whether you are a Canadian resident moving to the US, an American living in Canada, or a US resident who expects to inherit Canadian dollars, we can help.
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Canadians tend to move to the United States to try to escape the cold or to follow an employment opportunity. When they do, they can find themselves in the unfortunate situation of being 'orphaned' by their existing Canadian based investment advisor as most Canadian investment advisory firms are not properly registered to do business with Canadians in the United States.
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An American living in Canada can end up in the unfortunate situation of being 'orphaned' by their existing U.S. based advisor as most U.S. broker dealer and investment advisory firms are not properly registered to do business in Canada.
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Inheriting money from a Canadian relative? The weakness in the Canadian dollar versus the U.S. dollar can mean you will be in the unfortunate situation of receiving 15–25% less than you thought your inheritance would be. We can assist you by creating a disciplined investment strategy in Canadian dollars, and when there is a better time or a particular need for U.S. dollars, we can handle the foreign exchange conversion for you.
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Inheriting money from a U.S. relative? There can be huge tax implications if you transfer your money across the border. Avoid those steep prices by keeping it in a U.S. retirement account. This ensures your account never crosses the border, allowing you the opportunity to come up with a tax strategy that is right for you.
For case studies of the types of cross border situations we can assist with, click here.
We are licensed and regulated in both Canada and the U.S., and work closely with clients to translate their personal needs into a strategy for their cross-border accounts. We can also advise clients on cross-border issues such as PFIC rules, IRA and 401(k) rollovers and we maintain professional networks to assist with planning, taxation and legal services.
SOME OF THE ACCOUNTS WE MANAGE FOR CLIENTS INCLUDE:
- RRSPs and RRIFs for Canadians living in the U.S.
- IRAs for Americans living in Canada.
- Investments for Americans wanting Canadian securities.
- Discretionary and non-discretionary accounts
- Inherited IRAs for Canadians with a U.S. family
WHO WE HELP:
- Canadian residents moving to the U.S.
- Americans living in Canada
- U.S. resident inheriting Canadian Dollars
- Canadian residents inheriting U.S. Dollars
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Banking and lending solutions provided by Raymond James Bank, N.A. Raymond James Financial Services, Inc. and Raymond James & Associates, Inc. are affiliated with Raymond James Bank, N.A., a federally chartered national bank.
