evaluating niche cross-border investment firms

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keyofdminor
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Joined: Sun Apr 04, 2010 7:25 pm

evaluating niche cross-border investment firms

Post by keyofdminor » Sun May 09, 2010 5:14 pm

I am contemplating a move from the US back to Canada. I am a Canadian citizen with a significant investment in both retirement and non-retirement accounts.

From previous posts/answers, I have been investigating the niche players in cross-border investments. e.g. Pacifica Partners, Seabank Capital, and Maquarie (which bought Blackmont, I believe).

Aside from the obvious fee comparisons, how does one research such companies? How do I verify that they are reputable?

I know some basic mainstream investment strategies (e.g. prefer low-cost, index mutual funds over load funds), but I'm no expert. Because of the small segment for this market, it is hard to research the niche of cross-border investments.

What would you consider?

thanks
M.

Phil Hogan, CA
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Post by Phil Hogan, CA » Mon May 10, 2010 11:41 am

I've worked with the guys at Pacifica and can definitely vouch for their level of cross border investment knowledge and client service.

Hope that helps

Phil
Phil Hogan, CA, CPA (Colorado)
Canadian and US Income Tax
http://www.hutcheson.ca/about-us/philip-hogan/
http://xborderpros.com
250-661-9417
Victoria BC

readtheform
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Post by readtheform » Thu Mar 31, 2011 4:33 pm

Hi. I am looking into Pacifica Partners and I just wanted to check in here to see if anyone has more to add in terms of evaluating them. keyofdminor -- did you choose to invest with them?

cheers.

Phil Hogan, CA
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Post by Phil Hogan, CA » Thu Mar 31, 2011 4:40 pm

Also, don't forget about Dan Walkow in Whiterock BC.

Dan Walkow
1-604-630-8701
Seabank Capital
Phil Hogan, CA, CPA (Colorado)
Canadian and US Income Tax
http://www.hutcheson.ca/about-us/philip-hogan/
http://xborderpros.com
250-661-9417
Victoria BC

readtheform
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Joined: Tue Mar 09, 2010 4:42 pm

Post by readtheform » Thu Mar 31, 2011 5:00 pm

How do I evaluate all these firms? To me, they are just names and they all say they want to make money for me. Are they all ok? Aside from cross-border expertise, how do they compare to Average Joe Investment Advisor at Major Canadian Bank?

Phil Hogan, CA
Posts: 27
Joined: Fri Jan 08, 2010 12:11 pm
Location: Victoria BC
Contact:

Post by Phil Hogan, CA » Thu Mar 31, 2011 5:09 pm

How much do you need to invest?

Phil
Phil Hogan, CA, CPA (Colorado)
Canadian and US Income Tax
http://www.hutcheson.ca/about-us/philip-hogan/
http://xborderpros.com
250-661-9417
Victoria BC

nelsona
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Post by nelsona » Thu Mar 31, 2011 5:10 pm

As the thread implies, they are niche market simply because Joe at your local Cdn bank is forbidden to deal with many of the cross-border issues -- never mind qualified -- raised here.

Obviously vigilence is always required on the part of any investor.
At least with 2 players in the market place, you have a choice.

There are not many others however.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

readtheform
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Joined: Tue Mar 09, 2010 4:42 pm

Post by readtheform » Thu Mar 31, 2011 5:27 pm

Yes they are niche markets. I already irreversibly screwed up most of my cross-border stuff (because I didn't read this forum before moving) so 90% of what I need is general good management of my savings. For choosing Pacifica or Seabank I think at the end of the day I don't really know how to choose an investment advisor. So the fact that there are only two choices in some ways makes it easier. I just wonder if anyone has experience and can tell me that yes, they'll take good care of money. Or Pacifica is just 5 guys and 3 years as a firm and that should be a big red warning sign to me. Or something like that. I'll be investing like $200k.

RealProf
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Post by RealProf » Sat Dec 15, 2012 8:27 pm

Pacifica Partners` team, at the time of writing this, consists of two CFAs, Four MBAs, two CFPs, and three CIMs. Everyone at their firm is over 35 but under 50. They should be around long enough to take care of most people well into retirement and yet are experienced enough to matter. Seabank has one advisor and he is nearing retirement age.

readtheform
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Post by readtheform » Sun Dec 16, 2012 9:30 pm

FWIW, I was a Pacifica client. I was very unimpressed with their customer service and domain knowledge.

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