WHEN WEALTH CROSSES THE BORDER
More opportunity.
And more complexity.
Spending part of the year in Florida. Owning U.S. property. Holding assets in different currencies. Moving between Canada and the United States. Having family, businesses or financial interests in both countries.
Each can introduce questions that don’t arise when your financial life stays in one jurisdiction.
CROSS-BORDER QUESTIONS WORTH CONSIDERING
- Where should your investments be managed?
- How much liquidity should you maintain in Canadian and U.S. dollars?
- Does your portfolio reflect where you actually spend your money?
- What happens to your investment relationship if your residency changes?
- Are your investment, tax and estate advisors working from the same picture?
CROSS-BORDER INVESTMENT MANAGEMENT
Continuity matters.
Cross-border families can find that investment relationships become fragmented as residency, accounts or circumstances change.
MacNicol has investment-management businesses in both Canada and the United States. This allows us to approach a family’s portfolio with continuity in mind while working within the regulatory requirements of each jurisdiction.
Your accountant and legal advisors remain responsible for specialized tax, residency and estate advice. Our responsibility is the investment portfolio — and making sure the strategy reflects the broader plan.
WHO WE WORK WITH
Cross-border wealth can take many forms.
Canadian Snowbirds
You may still consider Canada home while spending several months each year in the United States. Your portfolio should account for the way you actually live — including liquidity, currency needs and income.
U.S. Property Owners
A home in Florida may be a lifestyle decision, an investment or both. Either way, it can affect cash-flow requirements, currency exposure and the amount of capital you want available outside your investment portfolio.
Canadians Moving to the United States
A change in residency can affect much more than your mailing address. Investment accounts, custodians, tax treatment and the professionals involved in your financial affairs may all need to be reconsidered.
Families With Assets on Both Sides of the Border
For some families, there is no single “move.” Their financial lives simply span both countries. The objective is to keep the investment strategy coordinated despite that complexity.
AN INSTITUTIONAL APPROACH TO FAMILY WEALTH
The same discipline the world’s largest investors use — applied to family wealth.
Cross-border investing is still investing. The portfolio needs to preserve purchasing power, generate appropriate liquidity, participate in long-term equity growth and manage risk through changing markets.
We bring a pension-style approach to portfolio construction, looking beyond a traditional mix of publicly traded stocks and bonds.
Public Markets
Global equity and fixed-income exposure selected within the context of the overall portfolio.
Alternative Investments
Private credit, private equity, real assets and other alternative sources of return where appropriate.
Risk Management
Portfolio construction designed with downside risk, liquidity requirements and changing market environments in mind.
COORDINATING THE PIECES
We manage the portfolio. We work alongside your other advisors.
Cross-border wealth involves areas where specialized tax and legal advice is essential. We don’t try to replace those professionals.
Instead, we work with accountants, lawyers and other advisors so that the investment strategy can reflect the decisions being made elsewhere in your financial plan.
CANADA + UNITED STATES
A CANADIAN FIRM WITH A U.S. PRESENCE.
Established in Canada in 2001, with an investment-management presence in South Florida, we understand the financial lives of Canadians whose interests increasingly extend beyond Canada.
CROSS-BORDER RESOURCES
Start with the right questions.
Understanding the key issues is often the best place to begin.
- Canadian snowbirds and residency →
- Managing CAD and USD cash flow →
- Owning property in the United States →
- Moving from Canada to the United States →
- Investment considerations when moving →
- Coordinating cross-border advice →
Start With Your Investment Picture
If you spend meaningful time in the United States, own assets on both sides of the border or are considering a move, we can start by looking at how your investment portfolio fits into the bigger picture.
MacNicol does not provide tax or legal advice. Clients should consult qualified tax and legal professionals regarding their individual circumstances.
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