BMO Harris Investment Management Appoints New Adviser for BMO Harris U.S. Growth Portfolio
BMO Harris Investment Management Inc. announced today that,
effective September 28, 2004, Sands Capital Management, Inc. of Arlington,
Virginia will become the investment adviser for the BMO Harris U.S. Growth
Portfolio.
Sands Capital, founded
in 1992, provides advisory services to individual and institutional investors
exclusively in the U.S. large-cap, growth equity asset class. With over
US$8.5 billion in assets under management, Sands Capital's mission is
to enhance the wealth of its clients by adding value, with prudence, over
time.
Sands Capital replaces
Harris Bretall Sullivan & Smith LLC, the advisor for the Portfolio
since June 2000.
"We are looking
forward to working closely with the team at Sands Capital. The firm has
a very clear approach that invests in high quality companies with established
growth characteristics. Within our clients' portfolios this strategy will
complement our core U.S. equity strategy that has a value tilt,"
said Paul Taylor, Chief Investment Officer, BMO Harris Investment Management
Inc. "Sands Capital's exclusive focus on the large-cap growth space
combined with a disciplined portfolio construction process has a proven
track record. This is evidenced by their consistent success over a number
of years of enhancing their clients' wealth."
BMO Harris Private
Portfolios are available exclusively through BMO Harris Private Banking.
BMO Harris Private Banking, a member of BMO Financial Group, serves the
needs of high net-worth clients and their families and helps them deal
with a wide range of complex financial issues. Modeled on the private
banking business of Harris Bank, BMO Financial Group's Chicago-based U.S.
subsidiary, which has been managing money for affluent clients for over
100 years, BMO Harris Private Banking provides seamless North American
delivery of integrated wealth management solutions.
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