CROSS BORDER WEALTH MANAGEMENT: Moving to the U.S. from Canada

This is a common scenario for many people we meet. They head to the U.S. to escape Canadian winters, further their career, or be closer to family. They may plan to come back to retire in Canada or not, but they find themselves in the position of needing two advisor teams in order to manage their financial needs.

There is a better solution, for you and your finances. Our dual-licensed advisors manage your U.S. and Canadian assets all at once, no matter which side of the border you are on.

“A couple in their mid-30s from Calgary, deeply rooted in the petroleum industry, received an irresistible job offer in Texas for a probable five-year stint. They realized they needed cross border planning and investment assistance, and were already considering their return to Calgary. One major concern was the potential rise of the Canadian dollar during a resource boom, which could make converting their Canadian dollar holdings to U.S. dollars costly, and impact their ability to re-enter the Calgary real estate market. We employed the Aspira 360° Wealth Strategy, focusing on their goal of returning to Calgary within five years. We still manage their assets on both sides of the border through Raymond James USA Ltd. (RJLU) and Raymond James Ltd. (RJL) and work closely with their CPAs in the United States. We will continue to revisit their story as priorities may change. If they decide to stay in Texas, we are well-positioned to adjust their strategy accordingly.”

- Chris

MANAGEMENT OF ASSETS IN THE U.S. & CANADA

• Whether you live in Canada or the U.S., we manage your retirement and investment accounts (IRA, ROTH IRA, 401(k), RRSP) and work with you to make the right investment decisions for your specific goals.
• We can manage and hold investments that are in CAD and/or USD.
• With Aspira Wealth, you have ongoing, uninterrupted, life-long access to your investments from both the U.S. and Canada.

EXPERTISE IN TAX PLANNING

• Tax can be a stressful part of moving to the United States from Canada. We help you with the tax preparation of your move.
• With a network of trusted professional cross-border contacts, we help you find your right-fit accountant, lawyer, or other professionals.
• We manage the transfer of any Canadian investments to the U.S. to protect your hard-earned wealth from unnecessary and unforeseen tax hits.
• As an immediate resource, see our immigration checklist.

PERSONALIZED FINANCIAL & RETIREMENT PLANNING

• With our 360° Wealth Strategy, we partner with you in creating a personalized financial plan that fits your unique goals. This ongoing process is the center of our wealth management practice.
• We revisit your plan together as your life and goals change.
• We set you up for the retirement you aspire to with the help of our cross border retirement specialists.

FAMILY WEALTH APPROACH

• We include your family, no matter where they are. As family financial advisors, we operate on a “up-down-sideways policy”.
• We fully expect to walk alongside your future generations as they develop the character and skills behind sound financial decisions.
• You may have beneficiaries or inheritors in the U.S. or Canada. We make sure the necessary steps are in place for your estate to be distributed cross border.

DEDICATED IN-HOUSE INVESTMENT MANAGEMENT TEAM

• Our clients benefit from our in-house investment strategies and the widest variety of investment options on the marketplace.
• We invest for your family, the same way we invest for ours - same price, same time.
• We are Portfolio Managers (discretionary money managers), which means we are not limited to investing in mutual funds, but can personalize your portfolio strategies according to your bigger financial goals. Meet our Portfolio Managers, Chris Raper and Alex Vozian.