Cardinal Point Capital Management, Ulc provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Cardinal Point Capital Management, Ulc reports 2,387 clients. They include 1,134 high-net-worth individuals, 1,041 individual clients, and 195 corporations and other businesses. Of its assets, 99.6% ($4.79B across 8,826 accounts) are managed with discretion; $20.5M across 31 accounts are not. Of its clients, 75% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 44% | 11% |
| High-net-worth individuals | 48% | 76% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | 8% | 12% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,041 | $529M | 11.0% | $509K |
| High-net-worth individuals | 1,134 | $3.64B | 75.8% | $3.21M |
| Charitable organizations | 17 | $65.3M | 1.4% | $3.84M |
| Corporations and other businesses | 195 | $571M | 11.9% | $2.93M |
| Total | 2,387 | $4.81B | 100% | $2.01M |
- Clients
- 1,041
- Regulatory AUM
- $529M
- AUM share
- 11.0%
- Avg. per client
- $509K
- Clients
- 1,134
- Regulatory AUM
- $3.64B
- AUM share
- 75.8%
- Avg. per client
- $3.21M
- Clients
- 17
- Regulatory AUM
- $65.3M
- AUM share
- 1.4%
- Avg. per client
- $3.84M
- Clients
- 195
- Regulatory AUM
- $571M
- AUM share
- 11.9%
- Avg. per client
- $2.93M
Total
- Clients
- 2,387
- Regulatory AUM
- $4.81B
- AUM share
- 100%
- Avg. per client
- $2.01M
- Clients outside the U.S.
- 75%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Cardinal Point Capital Management, Ulc charges 0.25%–1.25% for its Portfolio Management and Financial Planning Fee Schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and requires an account of at least $2,000,000. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 1.25% |
| $1M–$3M | 1.05% |
| $3M–$7M | 0.80% |
| $7M–$10M | 0.55% |
| $10M–$15M | 0.45% |
| $15M–$25M | 0.35% |
| $25M and above | 0.25% |
Fee details and sources
Other fees
- Financial Planning
- Financial planning is charged hourly, at no more than $400 an hour, or as a flat fee beginning at $23,000, with a 50% retainer.
Focus Canada Wealth Management Holdings Ulc owns 75% or more of Cardinal Point Capital Management, Ulc and is in turn owned by Focus Canada Holdings II, LLC (75% or more). Jeffrey Sheldon is CEO; the leadership team includes Chief Investment Officer Matthew Carvalho, Chief Financial Officer Sally Taylor and Chief Compliance Officer Donald Zienty. It has 56 employees, 24 of them in advisory roles.
Leadership
- Jeffrey SheldonChief Executive Officer
- Sally TaylorChief Operations Officer & Chief Financial Officer
- Donald ZientyChief Compliance Officer
- Matthew CarvalhoChief Investment Officer
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Jeffrey Alan Adema
- Christina Joy Emilia Artem
- Matthew J Carvalho
- John Bradford Flecke
- Michael Anthony Hinterlong
- John Cragin McCord JR
- Kristopher Rossignoli
- Sally Ann Taylor
Staff
- 56 employees
- 24 in advisory functions
- 6 state-registered reps
- 6 soliciting firms
- Owns 75% or more of Cardinal Point Capital Management, Ulc
Focus Canada Wealth Management Holdings Ulc
Control person · since June 2024
- Owns 75% or more of Focus Canada Wealth Management Holdings Ulc
Focus Canada Holdings II, LLC
Control person · since May 2021
- Owns 75% or more of Focus Canada Holdings II, LLC
Connectus Group, LLC
Control person · since April 2021
- Owns 75% or more of Connectus Group, LLC
Focus Operating, LLC
Control person · since November 2020
- Owns 75% or more of Focus Operating, LLC
Focus Financial Partners, LLC
Control person · since January 2007
- Owns 50% to 75% of Focus Financial Partners, LLC
Focus Financial Partners Inc.
Control person · since July 2018
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Acquisition, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Acquisition, LLC
Ferdinand FFP Intermediate Holdings, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Intermediate Holdings, LLC
Ferdinand FFP Parent, Inc.
Control person · since August 2023
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Ultimate Holdings, L.P.
Control person · since August 2023
- Owns 50% to 75% of Ferdinand FFP Ultimate Holdings, L.P.
CD&R Ferdinand Holdings, L.P.
Control person · since August 2023
- Owns 50% to 75% of CD&R Ferdinand Holdings, L.P.
Clayton Dubilier & Rice Fund Xii, L.P.
Control person · since August 2023
- Owns 25% to 50% of CD&R Ferdinand Holdings, L.P.
CD&R Ferdinand Co-Investor, L.P.
Control person · since August 2023
- Owns 75% or more of Cardinal Point Capital Management, Ulc
Focus Canada Wealth Management
Control person · since June 2024
- Owns 75% or more of Cardinal Point Capital Management, Ulc
GMG Private Counsel Ulc
Control person · since June 2024
Cardinal Point Capital Management, Ulc’s regulatory assets grew 14.2× from $339M (March 2021) to $4.81B (April 2026); clients rose from 339 to 2,387 and employees from 26 to 56. In 2025, Dorchester Wealth Management ($1.31B in its last filing) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $4.81B | 2,387 | 56 | 4 |
| June 2025 | $2.25B | 1,182 | 43 | 3 |
| July 2024 | $1.58B | 945 | 41 | 6 |
| August 2023 | $1.44B | 902 | 37 | 6 |
| June 2022 | $504M | 402 | 27 | 6 |
| March 2021 | $339M | 339 | 26 | 6 |
Firms that joined
20251 joined
- Dorchester Wealth ManagementLast filed AUM $1.31B
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Cardinal Point Capital Management, Ulc has 3 offices, with 4 listed addresses in the U.S. and abroad.
Arizona · 1 listed address
- 14000 N Pima RD, Scottsdale
International offices
- 300 5TH AVE SW, CALGARY, AB, T2P 3C4, Canada
- 1100 RENE LEVESQUE BLVD. WEST, MONTREAL, H3B 4N4, Canada
Other business names
Cardinal Point Capital Management, Ulc has reported 2 other business names to the SEC.
- Cardinal Point Focus Partners Canada
- Cardinal Point Wealth Management
Contact and registration details
- Legal name
- Cardinal Point Capital Management, Ulc
- Headquarters
- 3280 Bloor Street West, Centre Tower, Suite 500, Toronto, on, Canada M8X 2X3
- Website
- cardinalpointwealth.com
- Phone
- 866-213-2036
- SEC file
- 801-66719
- Structure
- other (specify) organized in Canada
- Fiscal year end
- December
Cardinal Point Capital Management, Ulc uses National Bank Independent Network ($1.98B, 49%), Fidelity ($863M, 21%) and Fidelity ($732M, 18%), among others, as custodians for its separately managed accounts. Cardinal Point Capital Management, Ulc has custody of $635M in client assets for 522 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $863M21%
- National Bank Independent NetworkNational Bank Independent Network · Toronto, Ontario · $1.98B49%
- FidelityFidelity Clearing Canada · Toronto, Ontario · $732M18%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $486M12%
At year end, Cardinal Point Capital Management, Ulc’s separately managed accounts were mostly in funds (57%) and stocks (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.77B across 294 positions; the largest are Vanguard Index Fds (13.0%), Vanguard Intl Equity Index F (4.4%) and Dimensional ETF Trust (4.1%).
What the accounts hold
- Stocks24%
- Funds57%
- Bonds14%
- Investment grade corporate bonds8%
- State and local bonds3%
- U.S. government and agency bonds2%
- Sovereign bonds1%
- Cash5%
Reported 13F holdings
- $1.77B
- Reported 13F value
- 294
- Positions
- 43.7%
- In the 10 largest
- +8.2%
- Value vs. prior quarter
- Vanguard Index Fds · Total Stk Mkt13.0%
- Vanguard Intl Equity Index F · Allwrld EX US4.4%
- Dimensional ETF Trust · World EX US Core4.1%
- Wisdomtree TR · Floatng Rat Trea4.1%
- Vanguard Scottsdale Fds · Inter Term Treas4.0%
- Apple Inc.4.0%
- iShares TR · U S Equity Factr3.2%
- Dimensional ETF Trust · US Cor Equ 2 ETF2.6%
- Royal BK Cda2.3%
- iShares TR · National Mun ETF2.2%
Together, the ten largest are 43.7% of reported value.
How many clients does Cardinal Point Capital Management, Ulc have?
Cardinal Point Capital Management, Ulc has 2,387 clients and manages $4.81 billion for them, as of April 2026. They include 1,134 high-net-worth individuals, 1,041 individual clients, and 195 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 April 2026
What services does Cardinal Point Capital Management, Ulc offer?
Cardinal Point Capital Management, Ulc provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cardinal Point Capital Management, Ulc charge?
Cardinal Point Capital Management, Ulc charges 0.25%–1.25% for its Portfolio Management and Financial Planning Fee Schedule. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and requires an account of at least $2,000,000.
Which custodians does Cardinal Point Capital Management, Ulc use?
Cardinal Point Capital Management, Ulc’s separately managed account assets are held at National Bank Independent Network (Toronto, Ontario), with $1.98B, Fidelity Brokerage Services LLC (Smithfield, RI), with $863M, Fidelity Clearing Canada (Toronto, Ontario), with $732M and Charles Schwab & Co., Inc. (San Francisco, CA), with $486M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 April 2026
How many financial advisors does Cardinal Point Capital Management, Ulc have?
Cardinal Point Capital Management, Ulc has 6 investment adviser representatives registered with state securities authorities, out of 56 employees, and 24 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cardinal Point Capital Management, Ulc invest in?
At the end of its last fiscal year, Cardinal Point Capital Management, Ulc’s separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 24% exchange-traded equities, 8% investment grade corporate bonds, 5% cash and equivalents, 3% state and local bonds, 2% U.S. government and agency bonds and 1% sovereign bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Cardinal Point Capital Management, Ulc have a minimum investment?
Yes, Cardinal Point Capital Management, Ulc’s minimum account size for its Portfolio Management and Financial Planning Fee Schedule is $2M.
Who owns Cardinal Point Capital Management, Ulc?
Cardinal Point Capital Management, Ulc is owned through a chain of holding companies by Ferdinand FFP Parent, Inc., CD&R Ferdinand Co-Investor, L.P. and Clayton Dubilier & Rice Fund Xii, L.P. Its direct owners are Focus Canada Wealth Management Holdings Ulc (75% or more), Focus Canada Wealth Management (75% or more) and GMG Private Counsel Ulc (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 April 2026
How does Cardinal Point Capital Management, Ulc get paid?
Cardinal Point Capital Management, Ulc is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Cardinal Point Capital Management, Ulc?
Cardinal Point Capital Management, Ulc’s main office is at 3280 Bloor Street West, Centre Tower, Suite 500, Toronto, on, Canada M8X 2X3. Its phone number is 866-213-2036. Its website is cardinalpointwealth.com.