- Nick Paldrmic appointed as President of BMO Wealth Management's ultra-high-net-worth business, CTC l myCFO
- BMO Wealth Management builds on its commitment to the ultra-high-net-worth business, fusing a strong leadership team
CHICAGO, April 6, 2017 /CNW/ - BMO Wealth Management (U.S) today announced the appointment of Nick Paldrmic as President of BMO Wealth Management's CTC l myCFO, the wealth advisory firm that serves ultra-high-net-worth (UHNW) individuals, families and family offices in the U.S. Nick Paldrmic is supported by a strong team of professionals with deep expertise serving UHNW clients.
CTC l myCFO has received both domestic and international industry awards including: Best Investment Advice by Family Wealth Report (2015 and 2016), Best Private Client Investment Platform Performance Award (2016) by United Kingdom's Private Asset Managers (PAM) and Barron's Top 25 Wealth Management Firms (2014, 2015 and 2016).
After serving as interim UHNW leader for the past six months, Paldrmic will continue to play a critical role within BMO Wealth Management's senior leadership team overseeing the business strategy and growth for the national UHNW practice. He will help ensure the business' sales strategy, practice management and customer experience efforts are unified to deliver an integrated offering across its national footprint.
Paldrmic previously held the roles of Regional President of Chicago and Senior Managing Director for BMO Private Bank, a part of BMO Wealth Management. He joined the organization in 2010 and is a Chartered Financial Analyst® charter-holder and Certified Financial Planner™ professional with over 20 years of experience in the financial services industry. Paldrmic earned an MBA from Kellogg School of Management, Northwestern University with majors in Management and Strategy, Management and Organizations and Marketing, and a BS in Management and Finance from Purdue University in Hammond, Indiana.
"CTC | myCFO is a critical part of our business and will continue to play an important role in our future growth in the U.S. and globally," said Darrel Hackett, President, BMO Wealth Management U.S. "Nick brings a relentless passion for understanding the uniqueness of each of our clients and ensuring that we authentically provide expert advice that is customized to their situation."
Paldrmic is joined on the leadership team by Michael D. Finan, who is appointed Managing Director of Investment Advisory Services. Finan joined the organization in 1998 and brings over 23 years of experience in the financial services industry. He is responsible for overseeing the delivery of integrated investment advice and client service and a series of multi-manager funds' portfolios, which are available to private placement variable life and variable annuity insurance policy holders. Finan is a Chartered Financial Analyst® charter-holder and member of the CFA Society of Portland.
Garb Mechigian, Managing Director at CTC | myCFO with a tenure of over 23 years added, "Our CTC | myCFO business has an exceptional bench of professionals ready to provide the necessary guidance for our ultra-high-net-worth clients, strongly supported by the resources and infrastructure of the BMO Wealth Management business as a whole."
Steve Matteucci will continue to serve as Chairman of the Board of CTC | myCFO.
For more information about CTC | myCFO, please visit: https://www.ctcmycfo.com/home
About BMO Wealth Management U.S.
BMO Wealth Management U.S. is made up of three businesses catering to the needs of clients of varying degrees of wealth. BMO Private Bank serves high-net worth individuals and families; CTC | myCFO works with ultra-high net worth individuals and families; and BMO Harris Financial Advisors serves the needs of mass affluent individuals and families.
CTC | myCFO is a brand delivering family office services and investment advisory services through CTC myCFO, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission, a Commodity Trading Advisor registered with the Commodity Futures Trading Commission ("CFTC"), and a member of the National Futures Association ("NFA"); trust, deposit and loan products and services through BMO Harris Bank N.A., a national bank with trust powers; and trust services through BMO Delaware Trust Company, a Delaware limited purpose trust company. BMO Delaware Trust Company offers trust services only, does not offer depository, financing or other banking products, and is not FDIC insured. Not all products and services are available in every state and/or location. Family Office Services are not fiduciary services and are not subject to the Investment Advisors Act of 1940 or the rules promulgated thereunder. Investment products and services: ARE NOT A DEPOSIT – NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY – NOT GUARANTEED BY ANY BANK – MAY LOSE VALUE.
Emily Penate, Chicago, Emily.Penate@bmo.com, (312) 461-7956
SOURCE BMO Harris Bank