BMO Asset Management
- Company typePublic
- Founded1817
- HeadquartersToronto, Canada
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
BMO Asset Management firmographics
Firmographics- Name
- BMO Asset Management
- Legal name
- BMO Bank N.A.
- Website
- https://bmo.com
- Company type
- Public
- Founded year
- 1817
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
BMO Asset Management industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Trust, Fiduciary, and Custody Activities (523991), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)
- akta.pro secondary industries
- Fiduciary Investment Management (Trust Portfolios) (FSAEAKAI), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where BMO Asset Management is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
BMO Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest earned on loans (mortgages, HELOCs, student loans, business loans) minus interest paid on deposits. Core revenue driver for traditional banking operations.
- Account and Transaction Fees: Monthly maintenance fees, overdraft fees, ATM fees, wire transfer fees, and transaction-based charges across checking, savings, and money market accounts.
- Credit Card Revenue: Interchange fees from credit card transactions, annual fees on premium cards, and rewards program costs offset by spending.
- Investment Management and ETF Distributions: Management fees and distribution income from exchange-traded funds and mutual fund series offered by BMO Asset Management Inc.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | BMO Smart Advantage Checking - No monthly fee with basic features |
| Subscription | Monthly | BMO Smart Money Checking - Low-cost checking with no overdraft fees |
| Subscription | Monthly | BMO Relationship Checking - Tiered benefits based on balance |
| Subscription | Monthly | Savings Builder - No fee savings with growth rewards |
| Subscription | Monthly | Growth Money Market - Tiered interest rates up to 2.76% APY |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
BMO Asset Management product offering
Product offeringCore offering
BMO Asset Management Inc. acts as the manager and portfolio adviser for BMO Funds, BMO ETFs, and BMO ETF Series of mutual funds, providing investment management services for Canadian investors. BMO Investments Inc. acts as the principal distributor for these mutual funds and ETFs through dealers and advisors across Canada.
Product overview
BMO Asset Management operates as part of BMO Financial Group, a leading North American bank offering a comprehensive suite of personal and business banking products. The personal banking offerings center around three checking account tiers (Smart Advantage Checking, Relationship Checking with tiered packages, and Smart Money Checking), paired with savings products including Savings Builder and Growth Money Market accounts. BMO provides a full range of credit products including multiple credit card variants (Cash Back, Platinum, Platinum Rewards, Premium Rewards, Escape, and Boost Secured), home equity products (HELOC and Home Equity Loans), and various mortgage options. For business customers, BMO offers multiple business checking accounts, business credit cards with rewards, SBA loans, treasury services, merchant services powered by Elavon, and payroll processing. The bank also delivers an HSA product through a partnership with Lively. All services are accessible through BMO Digital Banking, a unified mobile and online platform. BMO has a stated commitment to digital-first and AI-powered business transformation, operating dedicated AI initiatives through ai.bmo.com.
Differentiator
Problem solved
Functional benefit
Brands
- BMO Digital Banking: Mobile and online banking platform offering digital banking services including bill payment, fund transfers, and mobile deposits
- BMO Smart Advantage Checking
- BMO Relationship Checking
- BMO Smart Money Checking
- Savings Builder
- Growth Money Market
- BMO Health Savings Account
Products and services
- BMO Funds (Mutual Funds)
- BMO ETFs
- BMO ETF Series of Mutual Funds
Quantifiable outcome
- Up to 2.76% APY on Growth Money Market with Relationship Checking
- +3 more outcomes
Companies that use BMO Asset Management
Customer profileSegments4 records
Ideal customer profiles1 record
BMO Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability2 records
Feature3 records
BMO Asset Management partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, minor and innovation.
- LivelycoreLively provides the technology platform for BMO Health Savings Accounts (HSAs). BMO HSA accounts are delivered by Lively, offering triple tax-advantaged savings, investment capabilities, and a modern HSA experience with FDIC insurance on uninvested funds.
- ElavoncoreElavon provides point-of-sale systems and merchant services for BMO business banking customers. Elavon is described as a separate legal entity not affiliated with BMO, providing payment processing infrastructure.
- PaychexminorPaychex provides payroll and HR services for BMO business banking customers. Currently running a promotion for free digital W-2s and 1099s.
- IBM Quantum NetworkinnovationBMO became the first Canadian bank to join the IBM Quantum Network, advancing its digital-first strategy and strengthening AI and quantum computing capabilities for financial services innovation.
Scale indicators6 records
BMO Asset Management competitors and assessment
Company assessmentDirect peers
- Royal Bank of Canada: RBC is Canada's largest bank and BMO's most direct competitor, with comparable personal/commercial banking, wealth management, capital markets, and asset management franchises across Canada and the U.S. Both compete head-to-head for cross-border NA clients.
- Toronto-Dominion Bank (TD Bank): TD Bank operates one of the largest U.S. retail branch networks among Canadian banks and competes directly with BMO in personal banking, mortgages, and small business services across the U.S. and Canada.
- Scotiabank: Scotiabank (Bank of Nova Scotia) is one of Canada's Big Five banks and competes directly with BMO across personal, commercial, wealth, and capital markets, with particular overlap in cross-border NA banking.
- Canadian Imperial Bank of Commerce (CIBC): CIBC is another Canadian Big Five bank with U.S. commercial banking operations, competing with BMO for personal, commercial, and wealth clients in both Canadian and U.S. markets.
Broad incumbents
- Bank of America: Bank of America is a U.S. megabank competing with BMO in retail deposits, mortgages, credit cards, wealth management, and commercial banking. As a much larger institution, it serves overlapping customer segments with broader scale.
- JPMorgan Chase: JPMorgan Chase is the largest U.S. bank and competes with BMO across retail, wealth, asset management, and capital markets. Its scale, technology investment, and balance sheet strength set the competitive ceiling BMO must measure against.
- Wells Fargo: Wells Fargo competes with BMO in U.S. retail deposits, mortgages, small business banking, and wealth management. Its national branch footprint overlaps substantially with BMO's U.S. presence.
- U.S. Bancorp: U.S. Bancorp is a major U.S. regional bank competing with BMO in retail deposits, payments, and wealth management, with a comparable (though larger) U.S. regional footprint.
Emerging players
- BlackRock: BlackRock is the world's largest asset manager and competes with BMO Asset Management Inc. for institutional and retail managed assets, ETF flows, and wealth advisory mandates.
Regional players
- PNC Financial Services: PNC is a top U.S. regional bank with strong retail, commercial, and wealth management franchises, competing with BMO in U.S. deposit gathering, SMB banking, and treasury management services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
BMO Asset Management social profiles
Digital presenceBMO Asset Management compliance and trust
Trust signalCompliance1 record
BMO Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
BMO Asset Management leadership team
Management profileNumber of profiles
Profiles8 records
BMO Asset Management subsidiaries and ownership
Company hierarchySubsidiaries2 records
BMO Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BMO Asset Management M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BMO Asset Management
What does BMO Asset Management do?
BMO Asset Management Inc. acts as the manager and portfolio adviser for BMO Funds, BMO ETFs, and BMO ETF Series of mutual funds, providing investment management services for Canadian investors. BMO Investments Inc. acts as the principal distributor for these mutual funds and ETFs through dealers and advisors across Canada.
Is BMO Asset Management a public or private company?
BMO Asset Management is a public company. It is classified as corporate owned and is currently operating.
When was BMO Asset Management founded?
BMO Asset Management was founded in 1817. It employs 5,001 to 10,000 people.
Where is BMO Asset Management based?
BMO Asset Management is headquartered in Toronto, Canada, in the North America region.
How does BMO Asset Management make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are account and Transaction Fees, credit Card Revenue and investment Management and ETF Distributions.
Who are BMO Asset Management's main competitors?
Direct peers on record are Royal Bank of Canada, Toronto-Dominion Bank (TD Bank), Scotiabank and Canadian Imperial Bank of Commerce (CIBC). Broad incumbents are Bank of America, JPMorgan Chase, Wells Fargo and U.S. Bancorp. BlackRock is listed as an emerging player. PNC Financial Services is listed as a regional player.
Does BMO Asset Management have an API?
No public API is recorded for BMO Asset Management.
What industry is BMO Asset Management in?
BMO Asset Management's product category is Asset Management. Its primary akta.pro industry code is FSAAAEAL, Fund of Funds & Multi-Manager Mutual Funds, with a secondary code of FSAEAKAI, Fiduciary Investment Management (Trust Portfolios). Its NAICS code is 523940 and its SIC code is 6282.