News Releases

- Only three percent attribute their wealth to an inheritance

- More than one-third of high-net worth Americans are women

- One-third of the nation's wealthy were either born outside of the U.S. or are first generation Americans

- One-quarter are under the age of 40 and more than half have a graduate or professional degree

BMO Private Bank Releases Changing Face of Wealth Study

- Sixty-eight percent of high-net worth Floridians are self-made

- The same percentage are at least second-generation Americans

- More than one-third are women, majority are over the age of 65

- Education matters: An impressive 93 percent hold at least a university degree; 66 percent hold a graduate or professional degree

- Nearly 60 percent of high-net-worth Arizonans are self-made

- 40 percent of Arizona millionaires are women

- 75 percent are 65 years or older

- Nearly 90 percent hold a bachelor or graduate degree

- Seventy percent of Hoosiers with $1 million+ in investible assets are self-made

- Thirty-three percent of Indiana's wealthy are women

- Fifteen percent are under 40

- Seventy percent of high-net worth Illinois residents are self-made

- More than one-third are women; almost 20 percent are under the age of 40

- Twenty-eight percent were either born outside of the U.S. or are first generation Americans

- Education matters: Almost 85 percent hold at least a college degree; only eight percent state high school is the highest level of education they have completed

- Across North America, women's wealth is increasing eight percent annually

- Eighty-nine percent of affluent Washingtonians have a bachelors and/or graduate degree

- Almost two-thirds are self made; one-quarter are new Americans

- Ninety-four percent of the high-net worth in the state are over the age of 50

- Two-thirds of affluent Canadians are self-made millionaires

- Almost half of Canada's wealthy are either immigrants or first generation Canadians versus only one-third in the U.S.

- One-third of high-net worth Canadians are women, compared to 21 per cent in 2010

- Education Matters: 80 per cent have at least an undergraduate university degree

- U.S. millionaires tend to be younger than Canada's

- Win brings team one step closer to the grand prize, which includes $125,000 towards the refurbishment of a soccer field in Nanaimo

- Recognition includes a $500 team prize and a $500 donation to the team's charity of choice

- Team in running to become 2013 BMO Team of the Week Champion, a title that comes with $125,000 towards a local field refurbishment

Poll asks 500 business owners across Canada about the main factors for success

- One in five business owners work 60 hours or more per week

- CEO of Canadian Federation of Independent Business says BMO findings demonstrate hard-working nature of entrepreneurs

- Stats Can: Small businesses account for 98 per cent of employment in Canada