About Us

Welcome to 49th Parallel Wealth Management, where we specialize in providing expert financial planning for individuals, trusts, charities, and businesses navigating the complexities of managing cross-border finances and building a stable financial future across Canada and the United States.

At 49^th Parallel Wealth Management, we recognize that financial planning is not a one-size-fits-all endeavor.

Whether you’re living in Canada, the U.S., or if you have a connection to both countries, we, as a wealth planner, are committed to understanding your goals and challenges. Our comprehensive range of services—including retirement planning, tax optimization, risk mitigation and estate considerations—ensures that your financial strategy is fully optimized across both jurisdictions.

Our mission is to empower you with the knowledge and tools needed to make informed decisions about your financial future through our financial reporting and analysis. We pride ourselves on building long-lasting relationships with our clients, founded on trust, integrity, and personalized service.

Lead Advisor

Lucas Wennersten

CFA and CFP® (Canada & U.S.A.)

Lucas began his Canada-U.S. wealth management career in 2014 in Arizona. His financial planner career then took him to Toronto in 2019, where he gained invaluable experience navigating both the Canadian and U.S. financial systems. Moving to Canada, and then back to the U.S. again, allowed Lucas to experience the things his clients go through when moving across an international border. Some things can only be learned through experience. This diverse background allows Lucas to provide comprehensive financial advice and financial planning tailored to the needs of clients on either side of the border.

Expert Guidance for a Seamless Experience when Crossing the 49th Parallel™

We are dedicated to bridging the financial divide between Canada and the United States. Our team comprises financial experts with extensive knowledge of both markets, allowing us to offer unparalleled services that address the unique challenges faced by clients managing finances in two countries. We believe that financial success begins with understanding. Our comprehensive approach involves a thorough assessment of your individual circumstances, goals, and aspirations. We take the time to listen and analyze your needs, ensuring that our recommendations are customized to fit your specific situation.

Cross-Border Financial Planning

Risk Mitigation

Retirement Planning

Tax Optimization

Estate Planning

Education Planning

Tailored Financial Solutions Across Diverse Industries

We understand that the financial needs of individuals and businesses can vary greatly across different sectors. So , you can connect with us on Instagram for queries. However you can also visit the Blog section for more information.

Technology

In the rapidly evolving tech landscape, we stay on top of the latest trends to ensure we are providing the best client experience possible. It is becoming increasingly common for tech company owners and employees to be living a cross-border lifestyle. Stock options and other types of equity compensation are common in the tech sector but are taxed differently in Canada and the United States. We provide tech clients with comprehensive solutions that will mitigate their tax liability and maximize their wealth.

Healthcare

The healthcare systems are what differentiate Canada from the U.S. economically more than any other industry. Canadian health care is administered primarily through the provinces, whereas the United States has a healthcare system where services are paid for primarily through private for-profit health insurance companies. A significant portion of the U.S. healthcare system is also administered through the states and federal government in the form of Medicare and Medicaid. We also advise many healthcare workers who move across the 49th Parallel for a variety of work related and personal reasons.

Real Estate

Everyone has to live somewhere. Many of our clients own second homes, rental properties, and other investments in real property. Owning real estate in another country can complicate your taxes, cash-flow, and estate planning. 49th Parallel Wealth Management guides our clients through these complications to help them in estate financial planning and to live the lifestyle they desire.

Professional Services

Moving to a new country usually means that your old real estate agent, insurance agent, health insurance agent, tax preparer, estate planning attorney, and many other professionals can no longer assist you. Not only can we help you determine the types of services you will need in your new home country, but we can also get you in touch with trusted partners that can get you the help you need. We are fee-only financial advisors so we are only paid by our clients for the services we provide, and we never receive any commissions or referral fees. Eliminating as many conflicts of interest as possible keeps our interests aligned with yours. The wellbeing of our clients is our highest priority.