Bringing you live news and features since 2006 

BMO Financial Group merges Harris Bank and M&I Bank’s financial adviser networks


BMO Financial Group has created BMO Harris Financial Advisors, a network of professionals committed to serving the financial planning and wealth management needs of BMO Harris Bank clients.

The newly formed group brings together financial advisers from Harris Bank and M&I Bank (both part of BMO Financial Group) and draws on the experience and knowledge of 165 financial advisers serving clients in 11 states.

BMO Harris Financial Advisors’ combined business totals more than USD2.5bn in discretionary assets under management and more than USD9bn in brokerage assets.

"We’re committed to seeking out synergies within the BMO Harris Bank and M&I networks that will enhance our ability to service our clients," says Terry Jenkins (pictured), executive vice-president and head, Harris Private Bank. "This expanded network of financial advisers will work collaboratively to deliver a holistic financial service experience. With the launch of BMO Harris Financial Advisors, we are more uniquely positioned than ever before to provide an exceptional client experience."

The BMO Harris Financial Advisors team will be working with technology to assist clients with financial planning and to guide them through wealth management services such as asset management, insurance, income planning, education planning, and retirement planning.

Tools include Pershing broker-dealer solutions, the Albridge wealth reporting platform, which provides consolidated reporting and trading capabilities, and Envestnet’s end-to-end money management platform for proposal generation, investment management and performance reporting.

BMO Harris Financial Advisors will also be delivering an in-house asset allocation strategy and will incorporate third-party managers in conjunction with proprietary funds. The result is a blend of managed money solutions ranging from the BMO Managed Asset Allocation Program (MAAP) to BMO Strategic Fund Portfolios, among the first bank-sponsored all-exchange traded fund managed money solution in the industry. The managed money programmes are complemented by a full suite of brokerage and insurance products and services to help meet client wealth management needs.

"Consolidating our broker-dealer business into a single entity will enable us to focus on servicing mass affluent retail investors looking for the best minds to address their financial planning and wealth management needs," says Mike Miroballi, president, BMO Harris Financial Advisors. "Clients of BMO Harris Financial Advisors will benefit from innovative technology, an extensive product line, and superior customer service due to our broad presence."

Latest News

EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..
Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended the week at approximately USD68,150, marking a 12.1..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by