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Advisor spotlight: Following the snowbirds, Canadian firm expands south

Cardinal Point bore up under a year-long paperwork gauntlet; second U.S. office already in the works

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Jeff Sheldon: We’d had a lot of prospective clients referred our way in the United States, be we always had to turn them down. We just got tired of this.



April 6, 2011 — 7:14 PM

Interesting interview. My question applies only to a US RIA (not a broker/dealer) structure. If there is a Canadian resident that wishes to establish an advisory relationship with a US RIA firm, or wishes to move assets to the US and have the US RIA firm oversee them, is a there a Canadian regulatory requirement of the RIA to register/have physical presence in Canada? I would assume this is the case if they are Canadian accounts (maybe not?), but for US accounts I would assume not…regardless of the citizenship.

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