American Citizen – Canadian Citizen/Resident 20+ years Returns to U.S.
Executives and professionals traverse the Canada/U.S. border to pursue career opportunities. This can sometimes lead to having their investment assets scattered between varying plans, firms and advisors. The case study below illustrates how the Private Client Division of Raymond James (USA) Ltd. has helped.
The Background
William is a medical specialist who completed his medical training in Canada and launched his career in Montreal. After several years working for the pharmaceutical industry in Montreal and Toronto, he received a plum job offer in Dallas.
William did a good job focusing on RRSP contributions over the years and once those contributions were maximized started to build a sizeable non-registered investment account. He also had a small IRA with a Florida based advisor.
The Issue
When William decided to relocate he could leave his RRSP investments with his Canadian advisor but would have to move his non-registered investment accounts to a U.S. brokerage. He had his primary investment advisory relationship and the majority of his wealth with his Canadian advisor. Now this relationship would be partially severed.
The Solution
His Raymond James financial advisor is licensed both in Canada and the U.S. through Raymond James (USA) Ltd. William will no longer need to move his assets to an advisor in Dallas and begin another financial advisory relationship. His Raymond James (USA) Ltd. advisor is able to create a disciplined investment strategy and financial plan with his North America wide assets to help him achieve his financial goals. With the multi-currency platform, William is able to retain Canadian assets in Canadian currency to wait for a more favourable time to convert to U.S. dollars. He can also hold an IRA with his Raymond James (USA) Ltd. advisor.
Other Case Studies
Raymond James (USA) Ltd. All rights reserved. Raymond James (USA) Ltd. (RJLU) advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. This website may provide links to other Internet sites for the convenience of users. RJLU is not responsible for the availability or content of these external sites, nor does RJLU endorse, warrant or guarantee the products, services or information described or offered at these other Internet sites. Users cannot assume that the external sites will abide by the same Privacy Policy that RJLU adheres to. Investing in foreign securities involves risks, such as currency fluctuation, political risk, economic changes, and market risks.
