BMO Wealth Management has appointed Nick Paldrmic as president of CTC l myCFO, the wealth advisory firm that serves ultra-high-net-worth (UHNW) individuals, families and family offices in the US.
Paldrmic is supported by a strong team of professionals with expertise serving UHNW clients.
After serving as interim UHNW leader for the past six months, Paldrmic will continue to play a critical role within BMO Wealth Management's senior leadership team overseeing the business strategy and growth for the national UHNW practice. He will help ensure the business' sales strategy, practice management and customer experience efforts are unified to deliver an integrated offering across its national footprint.
Paldrmic previously held the roles of regional president of Chicago and senior managing director for BMO Private Bank, a part of BMO Wealth Management. He joined the organisation in 2010 and is a Chartered Financial Analyst charterholder and Certified Financial Planner professional with over 20 years of experience in the financial services industry.
"CTC | myCFO is a critical part of our business and will continue to play an important role in our future growth in the US and globally," says Darrel Hackett, president, BMO Wealth Management US. "Nick brings a relentless passion for understanding the uniqueness of each of our clients and ensuring that we authentically provide expert advice that is customised to their situation."
Paldrmic is joined on the leadership team by Michael D Finan, who is appointed managing director of investment advisory services. Finan joined the organisation in 1998 and brings over 23 years of experience in the financial services industry. He is responsible for overseeing the delivery of integrated investment advice and client service and a series of multi-manager funds' portfolios, which are available to private placement variable life and variable annuity insurance policy holders. Finan is a Chartered Financial Analyst charterholder and member of the CFA Society of Portland.
Garb Mechigian, managing director at CTC | myCFO, adds: "Our CTC | myCFO business has an exceptional bench of professionals ready to provide the necessary guidance for our ultra-high-net-worth clients, strongly supported by the resources and infrastructure of the BMO Wealth Management business as a whole."