Verecan expands services for cross-border wealth management

Verecan Group has broadened its platform to address the growing needs of clients managing wealth across Canadian and US borders.

The firm announced that through Verecan Capital Management Inc. (VCMI), it will now assist Canadian residents and US-based individuals who hold cross-border assets. In addition, the launch of Verecan Asset Management (VAM) will allow the company to serve US clients with domestic-only portfolios, a news release highlighted.

Cross-border financial planning is increasingly complex, with individuals and families often navigating conflicting tax rules and regulatory requirements. The firm’s expansion is intended to provide coordinated solutions in both jurisdictions.

“We’ve long recognized that clients with cross-border assets face a unique set of challenges. Rather than leaving them to navigate conflicting systems on their own, we made the decision to expand our capabilities to provide clear, conflict-free guidance for both cross-border clients and US-based individuals,” said Colin White, CEO of Verecan Group.

Devin Cattelan, portfolio manager with the firm, noted that securing regulatory approval in the US was a critical step. “Securing approval with US regulators, both as a firm and as individual portfolio managers, was an important step in ensuring we can properly serve these clients. Our structure allows us to deliver solutions that are fully aligned with their needs, while maintaining the high standards clients have come to expect from Verecan,” he said.

The firm emphasized that the initiative builds on its Canadian operations while extending its reach to anticipate client needs in both markets.

Recent developments highlight why such cross-border capabilities are timely. In March, the Canadian government adopted a new guideline requiring “economic security” to be considered in national security reviews of foreign investment—adding another regulatory layer for cross-border capital flows.

Meanwhile, the US and Canada are navigating a trade war that began earlier in the year, involving high tariffs and retaliatory measures. Trade tensions complicate the broader financial landscape for clients with exposure on both sides of the border.