BMO Family Office
BMO Family Office is the UHNW wealth brand of BMO Wealth Management, a subsidiary of Bank of Montreal. It serves ultra-high-net-worth individuals and families across the United States with integrated investment advisory, trust, banking, and estate planning services from its Chicago headquarters.
- Company typePrivate
- Founded2023
- HeadquartersChicago, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What BMO Family Office does
BMO Family Office is a UHNW wealth management brand within BMO Wealth Management, the U.S. wealth arm of Bank of Montreal (founded 1817), serving ultra-high net worth individuals and families across the United States. The brand operates through three affiliated entities: BMO Bank N.A. (national bank with trust powers), BMO Family Office, LLC (SEC-registered investment adviser), and BMO Delaware Trust Company (a Delaware limited purpose trust company). Headquartered in Chicago with approximately 197 employees, the firm delivers integrated services spanning wealth planning, banking and borrowing, investment management, trust and estate administration, strategic philanthropy, and tax planning strategies. Its targeted client segments extend beyond traditional UHNW households to business owners and entrepreneurs, women, lawyers and law firms, private equity professionals, and sports and entertainment professionals.
The core product is the Family Office for Wealth Owners service, structured around four pillars: Lending and Cash Management, Family Estate and Trust Services, Family Wealth Strategies, and Investing (bespoke investment strategies supported by BMO's institutional research). BMO Family Office does not build proprietary investment technology; it leverages BMO's broader financial infrastructure alongside two digital access points — BMO Wealth Connection and the BMO Family Office Online Service portal — while relying on dedicated wealth professionals, regional presidents, and managing directors to engage clients through a high-touch, enterprise field sales motion. Stoker Ostler Wealth Advisors Inc. is integrated as a strategic affiliate within the BMO Wealth Management platform.
BMO Family Office generates revenue through investment advisory fees, wealth management advisory fees, and trust administration fees (recurring, subscription-style revenue tied to assets under management and service scope). Pricing is quote-based, negotiated per client based on asset levels, complexity, and relationship breadth, and is not publicly disclosed. As a private subsidiary of BMO Financial Corp. (itself a wholly-owned subsidiary of Bank of Montreal, ticker BMO), it operates in a focused UHNW wealth management niche that competes against standalone multi-family offices and the private bank divisions of other large financial institutions, supported by the parent bank's capital, brand, distribution, and regulatory framework.
BMO Family Office firmographics
Firmographics- Name
- BMO Family Office
- Legal name
- BMO Family Office, LLC
- Website
- https://bmofamilyoffice.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- BMO Family Office is the UHNW wealth brand of BMO Wealth Management, a subsidiary of Bank of Montreal. It serves ultra-high-net-worth individuals and families across the United States with integrated investment advisory, trust, banking, and estate planning services from its Chicago headquarters.
- Ownership category
- akta.pro rank
BMO Family Office industry classification
Industry- Product category
- Private Wealth Management
- NAICS
- Trusts, Estates, and Agency Accounts (525920), Trust, Fiduciary, and Custody Activities (523991)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Family Office Advisory (Single/Multi-Family) (FSAEAAAI)
- akta.pro secondary industries
- Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC), Family Office Trust & Fiduciary Services (FSAEAKAF), Philanthropy, Foundations & Grantmaking Advisory (FSAAADAG), Family Office Services (Single & Multi-Family Office) (FSABADAF)
Keywords
Where BMO Family Office is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BMO Family Office business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Wealth Management and Advisory Fees: BMO Family Office generates revenue through investment advisory fees, wealth management advisory services, and potentially management fees associated with overseeing substantial client assets. As an SEC-registered investment adviser under the BMO Financial Corp umbrella, revenue is derived from fees for professional wealth management, estate planning, investment management, and trust administration services provided to ultra-high net worth clients.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
BMO Family Office product offering
Product offeringCore offering
BMO Family Office is a wealth management brand that delivers integrated family office services to ultra-high-net-worth individuals and families. Its core offering, the Family Office for Wealth Owners, bundles lending and cash management, family estate and trust services, family wealth strategies, and bespoke investment management under a single relationship, supplemented by wealth planning, banking, strategic philanthropy, and tax planning services. The services are delivered through affiliated legal entities (BMO Bank N.A., BMO Family Office LLC as SEC-registered investment adviser, and BMO Delaware Trust Company), all owned by BMO Financial Corp., a wholly-owned subsidiary of the Bank of Montreal.
Product overview
BMO Family Office is a comprehensive wealth management brand that delivers family office, investment advisory, investment management, trust, banking, deposit, and loan products and services through its affiliates including BMO Bank N.A., BMO Family Office, LLC, and BMO Delaware Trust Company. The core offering is the Family Office for Wealth Owners service, which provides integrated wealth management through four key service pillars: Lending and Cash Management, Family Estate and Trust Services, Family Wealth Strategies, and Investing. These are supported by additional services including Wealth Planning, Banking & Borrowing, Investment Management, Trust & Estate, Strategic Philanthropy, and Tax Planning Strategies. Digital access is provided through BMO Wealth Connection and BMO Family Office Online Service platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Family Office for Wealth Owners
- Lending and Cash Management
- Family Estate and Trust Services
- Family Wealth Strategies
- Investing
- BMO Wealth Connection
- BMO Family Office Online Service
Companies that use BMO Family Office
Customer profileSegments6 records
Ideal customer profiles6 records
BMO Family Office technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BMO Family Office partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and strategic.
- BMO Bank N.A.coreBMO Bank N.A. is the primary banking affiliate providing deposit products, loan services, and banking infrastructure. It is a national bank with trust powers and an integral component of the BMO Family Office brand, delivering banking, deposit, and loan products alongside family office services.
- BMO Family Office LLCcoreBMO Family Office LLC is an SEC-registered investment adviser providing investment advisory services as part of the integrated BMO Family Office brand. It offers family office services and investment advisory services to ultra-high net worth clients.
- BMO Delaware Trust CompanycoreBMO Delaware Trust Company is a Delaware limited purpose trust company providing trust and investment management services. It operates exclusively in Delaware, does not offer depository or banking products, and is not FDIC insured. Part of the integrated BMO Family Office brand offering.
- Stoker Ostler Wealth Advisors Inc.strategicSEC-registered investment adviser providing advisory services integrated within the BMO Wealth Management platform.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
BMO Family Office competitors and assessment
Company assessmentDirect peers
- Citi Private Bank: Citi's ultra-high-net-worth private banking arm offering investment advisory, capital markets solutions, trust, and lending services globally. Directly comparable in serving UHNW families with cross-border and complex wealth needs.
- JPMorgan Private Bank: The private banking arm of JPMorgan Chase, providing integrated wealth management, banking, lending, and investment services to UHNW clients globally. Comparable integrated bank-backed family office model targeting the same UHNW segment.
- Bessemer Trust: A privately-held, family-office-focused wealth management firm serving ultra-wealthy families with investment management, trust, and family office services. Directly comparable as a specialist UHNW platform emphasizing bespoke service and trust capabilities.
- Wells Fargo Private Bank: Wells Fargo's private banking division providing wealth planning, investment management, trust, and banking services to UHNW clients. Comparable integrated bank-affiliated wealth platform targeting similar UHNW segments.
- Bank of America Private Bank: The private banking division of Bank of America serving ultra-high-net-worth clients with investment management, trust, lending, and banking solutions. Comparable integrated U.S. bank-affiliated UHNW platform with full-service family offerings.
- Goldman Sachs Private Wealth Management: Goldman's UHNW-focused private wealth division offering investment advisory, lending, and trust services to ultra-affluent families. Directly comparable bank-affiliated UHNW platform with bespoke investment management similar to BMO Family Office.
- Northern Trust Wealth Management: A leading provider of wealth management, trust, and fiduciary services to UHNW families and family offices, with deep expertise in estate administration and multi-generational planning. Highly comparable for trust services, family office offerings, and UHNW focus.
- UBS Wealth Management USA: The U.S. wealth management arm of UBS, providing integrated investment, banking, and planning services to UHNW clients. Closely comparable global-bank-affiliated UHNW platform with bespoke investment strategies and family office capabilities.
- BNY Mellon Wealth Management: The wealth management arm of BNY Mellon, providing investment management, trust, and private banking services to UHNW clients and family offices. Comparable integrated trust-and-wealth platform targeting the same ultra-affluent segment.
- Morgan Stanley Private Wealth Management: Operates a large U.S. Private Wealth Management division serving ultra-high-net-worth individuals and families with integrated investment advisory, lending, and trust services. Directly comparable as a bank-affiliated UHNW platform with similar client segments and full-service offerings.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
BMO Family Office social profiles
Digital presenceBMO Family Office financial estimates
Financial estimateRevenue estimate
Valuation estimate
BMO Family Office leadership team
Management profileNumber of profiles
Profiles12 records
BMO Family Office funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BMO Family Office M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BMO Family Office
What does BMO Family Office do?
BMO Family Office is a wealth management brand that delivers integrated family office services to ultra-high-net-worth individuals and families. Its core offering, the Family Office for Wealth Owners, bundles lending and cash management, family estate and trust services, family wealth strategies, and bespoke investment management under a single relationship, supplemented by wealth planning, banking, strategic philanthropy, and tax planning services. The services are delivered through affiliated legal entities (BMO Bank N.A., BMO Family Office LLC as SEC-registered investment adviser, and BMO Delaware Trust Company), all owned by BMO Financial Corp., a wholly-owned subsidiary of the Bank of Montreal.
Is BMO Family Office a public or private company?
BMO Family Office is a private company. It is classified as corporate owned and is currently operating.
When was BMO Family Office founded?
BMO Family Office was founded in 2023. It employs 101 to 250 people.
Where is BMO Family Office based?
BMO Family Office is headquartered in Chicago, United States, in the North America region.
How does BMO Family Office make money?
One revenue line is on record: wealth Management and Advisory Fees.
Who are BMO Family Office's main competitors?
Direct peers on record are Citi Private Bank, JPMorgan Private Bank, Bessemer Trust, Wells Fargo Private Bank, Bank of America Private Bank, Goldman Sachs Private Wealth Management, Northern Trust Wealth Management, UBS Wealth Management USA, BNY Mellon Wealth Management and Morgan Stanley Private Wealth Management.
Does BMO Family Office have an API?
No public API is recorded for BMO Family Office.
What industry is BMO Family Office in?
BMO Family Office's product category is Private Wealth Management. Its primary akta.pro industry code is FSAEAAAI, Family Office Advisory (Single/Multi-Family), with a secondary code of FSAAADAC, Family Office Advisory & Outsourced CIO (OCIO). Its NAICS code is 525920 and its SIC code is 6799.