Cross-Border Clients

A cross-border advisory team that enables you to keep your Canadian and US accounts in one place

Our clients are American and Canadians who find themselves in the unique situation of having investment accounts on both sides of the border. This situation presents specific investment management and planning challenges, where expert advice is difficult to obtain. Simultaneously managing wealth in both countries can be complicated. 

Our Clients Include

• Canadians who worked for American firms in America and now retire in Canada
• Canadians retiring in the US due to warmer weather.
• Current cross-border workers.
• Canadian residents moving to the US
• Americans living in Canada.
• US residents who expect to inherit Canadian dollars

How We Help

Our team at BLA Private Wealth works closely with clients to create a strategy that encompasses their needs and plans for their cross-border accounts between Canada and the United States.

We are part of Raymond James (USA) Ltd., which is part of the Raymond James Financial family of companies.  Raymond James (USA) Ltd., or RJLU, is a Canadian based US registered investment firm, which offers integrated cross-border wealth management solutions to Americans living in Canada, and Canadians living in the US.

RJLU enables US resident clients to hold both Canadian and US currency accounts. This allows Canadian equities and Canadian dollar denominated fixed income to be added to client portfolios without having to settle in US currency, thus avoiding foreign exchange spreads.

As RJLU advisors, we are licensed and regulated in both Canada and the US, and are uniquely positioned to help clients create a strategy for their cross-border accounts that fully encompasses their personal needs. We maintain professional networks to assist clients with planning, taxation and legal services as required.  We also advise clients on cross-border issues, such as Passive Foreign Investment Company (PFIC) rules and IRA Rollovers.  As well, our US clients can gain expert access to quality Canadian investments with our assistance.

Through a single point of contact, we manage:

• Discretionary and non-discretionary portfolio services in both currencies
• Corporate accounts in Canada and the US
• Trust accounts in Canada and the US
• RRSPs and RRIFs for Canadians living in the US
• IRAs for Americans living in Canada
• Investments for Americans wanting Canadian securities in Canadian dollars
• Investment accounts for US resident clients

Common Scenarios and Solutions