Cardinal Point Capital Management Inc. (Toronto, On)

Name: Cardinal Point Capital Management Inc.
Address: 1243 Islington Ave., Toronto, On, M8 X 1 Y9
Telephone: 866-213-2036

Cardinal Point Capital Management Inc. is a large advisory firm based in Toronto, On. It manages $232.73 million of regulatory assets for 941 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Florida, and Texas.

Cardinal Point Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and financial consulting services, tax preparation and compliance. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cardinal Point Capital Management: assets under management

The assets under management (AUM) of Cardinal Point Capital Management Inc. is $232.73 million. The firm's AUM has grown by 417% since the beginning of its operation, and $185.79 million of the total AUM is attributable to clients outside of the United States.

The firm manages $219.33 million in discretionary accounts and $13.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.34 million.

Cardinal Point Capital Management has custody of $521.48 thousand in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cardinal Point Capital Management Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cardinal Point Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cardinal Point Capital Management is high net worth individuals with 192 clients and $213.75 million of assets under management. Among the 8 most similar advisory firms, Cardinal Point Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $232.73 million for 252 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 67% of the firm’s clients are foreign persons or businesses.

Cardinal Point Capital Management doesn't advise any private funds.

Careers at Cardinal Point Capital Management Inc.

The company employs 15 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Gordon Walkow	Chief compliance officer	1 Nov 2002	Other	2605130
Cardinal Point Wealth Management Inc.	Owner	1 May 2013	50% - 75%	843283078
Jeffrey Scott Sheldon	Managing member & chief compliance officer	1 Sep 2013	Other	5494190
John Cragin Mccord	Member & investment advisor	1 Apr 2014	Other	3134630
Terry Frank Ritchie	Member & investment advisor	1 Apr 2014	Other	1391791
Steve Nmn Samuel	Member	1 Apr 2014	Other	6324709
John C Mccord	Member & investment advisor	1 Apr 2014	Other	3134630
Steve Samuel	Member	1 Apr 2014	Other	6324709
James Arthur Sheldon	Chief compliance officer	1 Dec 2017	Other	5712774

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
James Arthur Sheldon	President	1 Aug 2010	75% - 100%	5712774

Based in Toronto, On

The principal office where Cardinal Point Capital Management Inc. performs its advisory services is located at 1243 Islington Ave., Toronto, On, M8 X 1 Y9, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-213-2036 or by fax 416-849-4842. The normal business hours are 7:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at cardinalpointwealth.com.