Cardinal Point Establishes US – Canada Cross-
Border Wealth Management Firm
~Combined Presence in Both the US and Canada Will Provide an Integrated Solution to Managing Cross-
Border Wealth Issues
September 20, 2010 09:03 AM Eastern Daylight Time
SAN JOSE, Calif. & TORONTO--(EON: Enhanced Online News)--Cardinal Point Wealth Management, LLC
and Cardinal Point Wealth Management, Inc. announced today the formation of an independent, cross-border
wealth management firm that will provide a holistic and integrated approach to managing the financial and investment
planning issues of US and Canadian citizens with assets in both the US and Canada or those transitioning wealth
between the two countries.
“With the opening of our offices in both Canada and the US, we will be able to provide a seamless and integrated
approach to helping investors manage their wealth on both sides of the border,” said James Sheldon, Chief Executive
Officer and co-founder of Cardinal Point.
The demand for financial advice and guidance for individuals who have assets on both sides of the border or are
transitioning between the US and Canada is expected to grow dramatically. Canada’s recent economic growth and
strength are attracting many US-based companies and investors to pursue opportunities in Canada, creating complex
cross-border financial and investment planning issues as US citizens are relocating to work in Canada.
Additionally, due to the strength of the Canadian dollar, many Canadians are investing in US real estate for vacation
properties, second homes and retirement residences. According to a recent study completed by the National
Association of Realtors, Canadians were the top foreign purchasers of property in the US in 2009 at 23%. This
trend of migrating from the colder northern climates to the US Sunbelt is also expected to increase. As the massive
baby boomer demographic enters retirement age, it creates an intricate set of wealth management issues that will
need to be addressed due to citizenship, le