BMO Retirement Services is rolling out an integrated cross-border retirement services platform, with capabilities to serve clients who have a presence in both the US and Canada.
"Our distinctive trust-based model, along with our cross-border focus on good plan governance, fee transparency, high-touch service and member education, allow us to support our clients' overall business strategy, while providing them the ease and consistency of working with a single provider," says Matt Smith, managing director, BMO Retirement Services, North America.
International firm Zoeller Company, the oldest independently-owned sump pump manufacturer in the US, will be its first client to take advantage of the new offering. BMO had been providing Zoeller employees with corporate retirement services in the US. Moving forward, BMO will be bringing consistent retirement benefits to Zoeller's employees in Canada as well.
"We are very pleased to welcome Zoeller as a cross-border client," says Smith. "Our strongest client relationships develop from working with companies that share a similar philosophy regarding employer-sponsored retirement plans — helping people achieve retirement security. Companies who have employees in both the US and Canada often wish to have a similar approach to their retirement programs in both countries. BMO Retirement Services is uniquely positioned to provide that experience."
By partnering with BMO Retirement Services, Zoeller can now manage the retirement plans of their employees in the US and Canada consistently through a single record-keeper.