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The Globe and Mail Ranks BMO InvestorLine as the Top Bank-Owned Online Brokerage in Canada for Third Year in a Row

TORONTO, ONTARIO--(Marketwired - Nov. 20, 2013) - BMO InvestorLine has been named the top bank-owned online brokerage firm in Canada for the third consecutive year in the 15th annual Globe and Mail ranking of online brokers.

The survey ranks each online broker by cost, account information, trading, tools and innovation categories. Twelve firms from across Canada were evaluated.

The study highlighted several BMO InvestorLine strengths, including:

  • An ongoing commitment to innovation.
  • A strong account information offering (noting that it is among the best in the industry).
  • The firm is the only online brokerage to provide clients with the choice to receive investing advice through its groundbreaking adviceDirect service.

"We're very proud to be recognized yet again by The Globe and Mail as 'the best of the bank-owned firms overall,'" said Viki Lazaris, CEO, BMO InvestorLine. "It's been an exciting year for us. Not only did we celebrate 25 years of providing award-winning self-directed investment service to Canadians but we also marked the first anniversary of adviceDirect. Our ranking in the Globe's study really is a testament to our team's ability to exceed the needs of our clients and provide investors with the tools and resources necessary to help them make better investing decisions."

In September, BMO InvestorLine celebrated the first anniversary of adviceDirect, a first-of-its-kind service in Canada. adviceDirect is a personalized service that provides online investing advice. It puts investors in control by providing specific buy and sell recommendations to help them manage their portfolios and feel more secure in their decisions.

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About BMO InvestorLine

BMO InvestorLine is an online investing service that provides clients with two ways to invest online. Clients can choose from BMO InvestorLine's top ranked Self-Directed service that provides tools to help investors make independent decisions on how to invest. BMO InvestorLine's other service, adviceDirect™ provides investors with online advice and investment recommendations for their portfolios. Clients have access to trading, quotes and account information 24 hours a day through a website or Automated Telephone Trading. BMO InvestorLine also provides users with third party research, along with leading edge tools that are informative and easy to use. As an all-in-one investment source, it is a constantly evolving, cost-efficient platform that is fully compatible with tablets.

BMO InvestorLine Inc. and BMO Ligne D'action Inc. provide this commentary to clients for informational purposes only. The information contained herein is based on sources that we believe to be reliable, but is not guaranteed by us, may be incomplete or may change without notice. The comments included in this document are general in nature, and professional advice regarding an individual's particular position should be obtained.

An adviceDirect account is a non-discretionary fee based account which offers investment recommendations. adviceDirect does not provide portfolio management by a portfolio manager. The client makes their own investment decisions and manages their own investment portfolio. adviceDirect does not offer discretionary, managed accounts.

BMO InvestorLine Inc. is a member of BMO Financial Group.

® Registered trade-mark of Bank of Montreal, used under licence. BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal Holdings Inc. Member - Canadian Investor Protection Fund and IIROC.

For further information:
Media contacts:
Veronica Bart, Toronto

Valerie Doucet, Montreal

Laurie Grant, Vancouver