Cardinal Point has launched an independent, cross-border wealth management firm that focuses on US and Canadian citizens with assets in both countries or those transitioning wealth between the two.

Cardinal Point Wealth Management LLC is a California-based registered investment advisor, while Cardinal Point Wealth Management Inc. is a Canadian-based fee-only financial consulting firm specializing in financial planning, portfolio analysis, investment management consulting and on-going financial monitoring.

“With the opening of our offices in both Canada and the US, we will be able to provide a seamless and integrated approach to helping investors manage their wealth on both sides of the border,” James Sheldon, chief executive officer and co-founder of Cardinal Point, said in a statement.

Canada’s recent economic growth and strength are attracting many US-based companies and investors to pursue opportunities in Canada, creating complex cross-border financial and investment planning issues as US citizens are relocating to work in Canada, according to the firm.

Cardinal also plans to open an office in Florida later this year.