- Account minimum $1,000, down
from $5,000
- Additional features, include elimination of minimum account
fee and a more streamlined and personalized experience
TORONTO, Jan. 16, 2018 /CNW/ - BMO SmartFolio, a part of
BMO Wealth Management, has reduced its account minimum by 80 per
cent, from $5,000 to $1,000.
"Canadians are much more comfortable with digital investing and
the increased demand for digital investing solutions is age
agnostic," said Silvio Stroescu,
Head of Digital Investing, BMO Wealth Management. "Having been
in-market with BMO SmartFolio for two years, we've gained valuable
investor insights. This is an area of focus for us and we will
continue to evolve our digital investing experience to inspire even
more Canadians to invest smarter."
In 2017, BMO SmartFolio introduced Registered Retirement Income
Funds (RRIFs) to the suite of account options in response to demand
from clients over the age of 65.
Other Improvements:
- Eliminating minimum account fee: Clients no longer have
to pay the minimum account fee of $60
per year.
- Site redesign: Streamlined the digital engagement for
our clients, making the experience even simpler, more interactive
and personalized.
- Refer-a-friend: Existing clients will receive
$50 when they refer a friend or
family member to start their digital investing journey with a BMO
SmartFolio account.
To learn more about BMO SmartFolio, please visit
www.bmo.com/smartfolio.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider – the 8th largest bank, by assets, in North
America. With total assets of $710 billion as
of October 31, 2017, and more than 45,000 employees, BMO
provides a broad range of personal and commercial banking, wealth
management and investment banking products and services to more
than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, Wealth
Management and BMO Capital Markets.
SOURCE BMO Financial Group