Offering cross-border wealth management solutions
The Steele Wealth Management office is located in Kitchener-Waterloo, Ontario. KW is the home of world-renowned technology businesses, technology start-ups and academics from our post-secondary institutions. Because of our unique location, our clients include professors and people associated with our universities (University of Waterloo and Wilfrid Laurier University), as well as executives and entrepreneurs from the technology sector. These clients move between the United States and Canada. This means that they have unique investment management and planning challenges where expert advice is difficult to obtain. Simultaneously managing wealth in both countries is complicated.
Our team is uniquely positioned to overcome the limitations that other wealth managers have concerning cross-border clients. We are different because we can integrate Canadian and American wealth. Steele Wealth Management is part of the Raymond James Financial family of companies, Raymond James (USA) Ltd., or RJLU, is a Canadian based US registered investment firm offering integrated cross-border wealth management solutions to Americans living in Canada and Canadians living in the US. As RJLU advisors, we are licensed and regulated in both Canada and the US, and work closely with clients to translate their personal needs into a strategy for their cross-border accounts. We also advise clients on cross-border issues, such as Passive Foreign Investment Company (PFIC) rules and IRA Rollovers, and maintain professional networks to assist with planning, taxation and legal services, as required.
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. US clients can gain expert access to quality Canadian investment grade instruments with our assistance.
How does Raymond James (USA) Ltd. help?
First, Raymond James (USA) Ltd., unlike most investment firms registered with FINRA and the SEC, operates in and across Canada. Our firm is a subsidiary of Raymond James Financial (NYSE:RJF) and has completed an exemption from registration application in Canada to be able to help American citizens living across Canada.
Second, at Steele Wealth Management, we are experienced advisors who are registered in both Canada and the United States. We understand the challenges that the cross-border American citizen faces, and have strong connections with other cross-border professionals in areas like tax, trust and estate planning, insurance and immigration.
We are registered in both countries, and are well connected to cross border lawyers, tax accountants, immigration consultants, and global mobility specialists. Therefore, we can offer you more than just a Canadian wealth management solution. We can offer you a holistic wealth management solution and coordinate your entire portfolio of assets to keep you on track to achieving your financial goals.
Some of the accounts we manage for clients include:
- RRSPs and RRIFs for Canadians living in the US.
- IRAs for Americans living in Canada.
- Investments for Americans wanting Canadian securities.
- Investment accounts for US-resident children of Canadian-resident parents.
- Discretionary and non-discretionary portfolio services in both currencies.
Wealth Management Solutions for Cross-Border Clients
Raymond James (USA) Ltd., member FINRA / SIPC