What is the difference between BMO and BMO Nesbitt Burns?
What is the difference between BMO and BMO Nesbitt Burns?
In 1987, BMO Bank of Montreal acquired Nesbitt Thomson, then one of Canada’s oldest and most respected investment houses. In 1994, BMO Bank of Montreal also acquired Burns Fry, one of the largest dealers of Canadian equities and debt securities. Nesbitt Thomson and Burns Fry then merged to become BMO Nesbitt Burns.
Is Nesbitt Burns part of BMO?
As a member of the BMO Financial Group and part of the organization’s Private Client Group, BMO Nesbitt Burns has the expertise to manage even the most sophisticated wealth needs.
Who is BMO owned by?
BMO’s Institution Number (or bank number) is 001. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers….Bank of Montreal.
| Bank of Montreal Head Office | |
|---|---|
| Total equity | C$57.52 billion (2021) |
| Number of employees | 43,863 (FTE, 2021) |
What is BMO known for?
Who we are. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers.
What is a BMO Private banking client?
At BMO Harris Private Banking, a member of BMO Financial Group we offer integrated wealth management solutions to high net worth clients. Our goal is to help you and your family plan, manage, monitor, grow and protect your wealth now, and in the future.
How much money do you need for BMO Private banking?
In general the private banking minimum requirements is that you have $1 million in investable assets or $3 million in total net worth.
Who started Nesbitt Burns?
Nesbitt, Thomson and Company
| Industry | Financial services |
|---|---|
| Founded | 1912 |
| Founders | Arthur J. Nesbitt Peter A. T. Thomson |
| Defunct | 1994 |
| Fate | Merged with Burns Fry |
Why is it called BMO?
Ever wonder where the name “BMO” comes from? It’s the bank’s stock ticker symbol on the Toronto and New York Stock Exchanges. For decades, “bee-mo” was how investment industry insiders commonly referred to the bank.
Who are BMO clients?
We serve
- customers globally.
- personal and commercial customers in Canada.
- personal, small business and commercial customers in the United States.
What does a private banker do at BMO?
Depending on your needs, your Private Banker can: Develop a borrowing strategy that optimizes your cash flow by leveraging the value of your assets. Provide support with traditional mortgages, credit cards and lines of credit.
What is the best private bank?
Best private banks for ultra-high-net-worth individuals part 2
- Bank of America. Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina.
- Union Bank Privee.
- Citibank.
- Morgan Stanley.
- HSBC.