Bmo Private Investment Counsel Inc. is an adviser based in Toronto, Ontario. It manages $24.63 billion of regulatory assets for 61,026 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Illinois, and 6 other states.
Bmo Private Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bmo Private Investment Counsel Inc. is $24.63 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and $24.36 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bmo Private Investment Counsel Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Bmo Private Investment Counsel is high net worth individuals with 5,027 clients and $9.09 billion of assets under management. Among the 12 most similar advisory firms, Bmo Private Investment Counsel has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $22.43 billion for 27,890 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 99% of the firm’s clients are foreign persons or businesses.
Bmo Private Investment Counsel doesn't advise any private funds.
The company employs 116 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Bmo Private Investment Counsel Inc. performs its advisory services is located at 100 King Street West, Toronto, Ontario, M5 X 1 A1, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 416 359-5001 or by fax 416-359-5040. The normal business hours are 8:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at bmoprivatebanking.com.