Offering Cross-Border Wealth Management Solutions

Offering cross-border wealth management solutions

Offering cross-border wealth management solutions

The Limestone City Wealth Management office is located in Kingston, Ontario. Kingston is the home of academics from our three post-secondary institutions, a Canadian forces base, 3 major hospitals and a variety of businesses ranging from insurance to the materials industry. Because of our unique location, our clients include professors and people associated with our academic institutions (Queen’s University, the Royal Military College, St. Lawrence College), as well as executives, physicians, lawyers, business owners and retirees. 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. Cross border moves can lead to financial headaches, but Jeff Parks can help.

How does Jeff Parks help?

Jeff Parks, B.A.(Hons), CFP®, CLU, is uniquely positioned to overcome the limitations that other wealth managers have concerning cross-border clients. Jeff can integrate Canadian and American wealth. As a cross-border licensed advisor through Raymond James (USA) Ltd., Jeff is licensed and regulated in both Canada and the US, and works closely with clients to translate their personal needs into a strategy for their cross-border accounts.

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 Raymond James (USA) Ltd., you'll find an experienced advisor in Jeff Parks who is 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.

Some of the accounts we manage for clients include:

  • RRSPs and RRIFs for Canadians living in the US.
  • RRSPs for Americans living in Canada.
  • IRA/ROTH IRA and 401k rollovers for Americans living in Canada
  • IRA/ROTH IRA and 401(k)’s for Canadians working in the U.S
  • 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 for selected accounts

For case studies of the types of cross border situations we can assist with, click here.

Raymond James (USA) Ltd. All rights reserved. Raymond James (USA) Ltd. (RJLU) advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. This website may provide links to other Internet sites for the convenience of users. RJLU is not responsible for the availability or content of these external sites, nor does RJLU endorse, warrant or guarantee the products, services or information described or offered at these other Internet sites. Users cannot assume that the external sites will abide by the same Privacy Policy that RJLU adheres to. Investing in foreign securities involves risks, such as currency fluctuation, political risk, economic changes, and market risks.

Raymond James (USA) Ltd., member FINRA / SIPC.

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