Focus Financial Partners Inc., a leading partnership of wealth management, business management, and related financial services firms, has announced that Cardinal Point Capital Management, ULC has become its latest hub firm as part of its evolved strategy, reflecting the importance it places on Canada as a key growth market.
Founded in 2009 and headquartered in Toronto, ON, Cardinal Point is a leader in cross-border wealth management, providing investment management and estate, tax, and financial planning solutions to its high-net-worth and business-management clients across the United States and Canada. Cardinal Point managed approximately CAD 3.1 billion in regulatory assets under management, measured as of September 30, 2024.
“The wealth management landscape has evolved rapidly since we joined Focus in 2021. While we have doubled our regulatory assets under management over that time, added new team members, and successfully launched our business-management division, which caters to professional athletes, we recognize the increasing importance of firms taking proactive steps to innovate and continue providing clients with best-in-class capabilities and expertise,” said Jeff Sheldon, Co-Founder & CEO of Cardinal Point. “Becoming a Focus hub underscores our responsibility to our colleagues and clients to cultivate the best resources in the industry. We are excited to be an integral part of what Focus is building and by their continued commitment to the Canadian market.”
“Cardinal Point has a differentiated value proposition in the Canadian market as one of the only full-service, cross-border wealth management firms. With exceptional leadership and client-service teams, Cardinal Point is well positioned to lead Focus’ consolidation and expansion efforts in Canada,” said Michael Nathanson, CEO of Focus Financial Partners. “Cardinal Point’s next chapter as a hub will enable the firm to extend the reach of its services while also expanding its capabilities for clients across the entirety of Focus, especially given its expertise in cross-border wealth management.”
Cardinal Point joins The Colony Group, Kovitz Investment Group, SCS Financial and Gelfand, Rennert and Feldman as the fifth Focus hub.
About Focus Financial Partners, Inc.
Focus is a leading partnership of wealth management, business management, and related financial services firms. Focus provides access to greater resources and services for its affiliated firms, which serve individuals, families, employers, and institutions with comprehensive financial services. Focus firms and their clients benefit from the solutions, synergies, scale, capital, and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.
About Cardinal Point Capital Management, ULC
Cardinal Point is a leading cross-border wealth and business-management firm that provides exceptional service to individuals across Canada and the United States. Cardinal Point offers comprehensive investment, estate, tax, business-management, and cross-border financial planning solutions that are customized to suit clients’ unique financial needs. Headquartered in Toronto, Ontario, Cardinal Point also has offices in Calgary, Alberta and Scottsdale, Arizona. For more information about Cardinal Point, please visit https://cardinalpointwealth.com/.
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