BMO InvestorLine, a member of BMO Financial Group, has unveiled adviceDirect Premium account to cater to the complex needs of its clients by offering them digital advice with personalised investment and wealth planning support.
This new offering will enable clients with $500,000 or more in investable assets to get a dedicated adviceDirect Advisor.
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They will also have access to a range of BMO resources and wealth planning solutions advisors to develop comprehensive wealth plans.
In addition, the customers with adviceDirect Premium accounts will be provided access to exclusive research and investing articles from BMO Capital Markets, Morningstar, and MarketGrader.
According to BMO, adviceDirect Premium is designed for clients who prefer to invest online and are also looking for advice through a one-to-one relationship to support with more sophisticated financial requirements.
BMO Financial Group InvestorLine head Silvio Stroescu said: “The demand for digital advice has increased significantly in recent years and the momentum continues to build. This is a great opportunity for innovation by building on our extensive experience with digital investing solutions and personalised advice to create new value networks for Canadian investors.”
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By GlobalDataSpeaking on the new offering, Stroescu added: “adviceDirect Premium is a hybrid solution which combines the best of human advice and technology to meet our clients’ needs across the wealth management spectrum.”
This January, wealth management arm of BMO recorded 23% growth in reported net income for the quarter to January 2021.
The same month, Safra Sarasin Group agreed to purchase the private banking business BMO in Hong Kong and Singapore.
