� Pricing of $9.95 per trade extended to more clients
� Survey shows more than one third of Canadians either trading online or are considering doing so
TORONTO, Nov 2, 2010 – BMO InvestorLine today announced that beginning December 1, 2010, it will extend its low flat rate of $9.95 per trade to more clients.
The low pricing will be available to clients with $50,000 in assets invested through BMO InvestorLine and applies to trades for Canadian and U.S equities made through online or automated telephone services. The asset level needed to qualify for this new rate will be easier to reach because clients can also combine assets from any BMO InvestorLine accounts over which they have trading authority.
Canadian and U.S. option trades will be subject to the same flat rate plus $1.25 per contract. All other BMO InvestorLine Online Brokerage rates remain unchanged.
“Our research shows that more than one third of Canadians have either adopted online trading or are seriously considering it as a way to manage their investments," said Connie Stefankiewicz, President and CEO, BMO InvestorLine. "We are committed to helping clients make informed investment decisions by providing innovative tools, research, and education resources. This, combined with award-winning service, a comprehensive suite of financial planning tools and investment products, and now reduced pricing for more clients, allows BMO InvestorLine to better address the needs of online investors.”
About BMO InvestorLine
BMO InvestorLine is BMO Financial Group's online brokerage firm. It helps clients make informed investment decisions by offering innovative tools, research, education resources and award-winning customer service. Its comprehensive suite of financial planning tools and investment products is valuable for investors looking for a long-term and strategic portfolio solution as well as Active Traders.
BMO InvestorLine is part of BMO Financial Group's Private Client Group. Private Client Group (PCG) serves a full range of client segments, from mainstream to ultra-high net worth, as well as select institutional markets, with a broad offering of wealth management products and solutions. Operating under the BMO brand in Canada and Harris in the United States, PCG's portfolio in Canada includes full-service brokerage and online brokerage, as well as insurance, and in both Canada and the United States includes private banking and investment products.
Please visit BMO InvestorLine at www.bmoinvestorline.com
-30-
For More Information:
Martha McInnis, Toronto, martha.mcinnis@bmo.com, 416-867-3996
Sarah Bensadoun, Montreal, sarah.bensadoun@bmo.com, 514-877-8224