News Releases

- $818,000 is the Average Amount This Cohort Feels They Need to Have for Retirement, but the Average Amount They Have Saved to Date is Just $258,000

- More Than Half Are Currently Caring for Children, Aging Relatives, or Both

- Seventy-Six per cent Feel That the Stress of Everyday Living is Impacting Their Ability to Meet Long Term Financial Goals

- However, the Good News Is This Cohort Has Years to Make Up for the Shortfall

- Canadian ETF market currently stands at $70.1 billion in AUM, up more than 11 per cent from year end 2013

- International efficiencies, rise of smart beta ETFs, and increased competition have fueled industry in 2014

- Trends moving forward will include growth in ETF-based portfolios

- Webpage will help educate women who are considering a career in investment advisory to understand better what the role entails

- The site will also provide tools and a supportive platform to assist existing female investment advisors build successful practices

- Eighty-nine per cent of Canadian women feel that the financial services industry should be doing more to help female employees balance work/home lives

- More than half of Canadians have received an inheritance; two-thirds believe they will receive an inheritance in the future

- Ninety-one per cent plan to invest at least a portion of their inheritance

- Seventy-five per cent think it is important to leave money to the next generation

- Three-quarters expect to spend the same or more compared to last summer

- However, six-in-ten say they are more concerned with saving money than in 2013

- Impulse purchases account for nearly 20 per cent of summer spending

- First introduced in June 2009, BMO ETFs' AUM currently stands at $14.7 billion

- Suite of 58 ETFs, including innovative smart beta and specialty solutions, a wide array of fixed income strategies and strongly competitive broad market benchmarked funds

- Canadian ETF industry assets have increased 14 per cent in last year

- Individuals 18-35 who open a Self-Directed account will receive 35 free trades, waived fees, a free Globe and Mail eBook and a chance to win a $3,500 cash prize

- Eighty-one per cent of young Canadians plan to begin investing online within the next five years

- This offer follows BMO InvestorLine's introduction of $9.95 flat-fee trading in February

- Friendlier job market, slightly higher incomes and more wealth have put young families in a better economic position today than thirty years ago

- However, high debts and housing costs still cause for concern

- Three-year sponsorship and partnership will focus on educating individuals about the benefits of the Registered Disability Savings Plan (RDSP)

- BMO Bank of Montreal will be offering a $4 discount on monthly Everyday Banking Plans to BMO RDSP beneficiaries

- Reduction of Series F management fees will provide access to lower cost mutual funds within fee-based accounts

- Thirty-three new discount Series D mutual funds now available exclusively to BMO InvestorLine self-directed clients

- With the busy home buying season on the horizon, BMO offers tips for house hunters on how to build the biggest down payment possible

- New equity and fixed income ETFs give investors opportunities for income and growth

- Non-currency hedged and currency hedged products provide investors with more choice

- Since its introduction in 2009, BMO AM's ETF business has expanded to 58 funds and more than $12 billion in AUM

- Self-Directed clients will now pay a flat fee of only $9.95 per equity trade with no minimum account balance or trade activity requirements

- Until March 10, 2014, open a new account and invest $100,000 to get $300 cash back and 300 free trades

- New websites offer clients account management services and the ability to execute trades in Traditional Chinese

- Chinese-Canadian population is set to more than double by 2031

- To mark the Lunar New Year, BMO InvestorLine is offering Chinese-speaking clients an $88 cash bonus when they open a new account and deposit $25,000 or more

BMO now provides corporate retirement services to companies with operations in both the U.S. and Canada

The strategy's focus will be to identify high growth franchises in order to generate returns through a balance of growth and income and will be led by Christopher Darling

New funds offer maturity guarantee on principal with automatic monthly resets to lock in gains, balanced ETF investment options and death benefit guarantee

- Only one-fifth of Canadian investors are knowledgeable about ETFs

- However, sixty per cent would add ETFs to their portfolio after learning about their benefits

BMO is 'Making Money Make Sense' for Canadians by Providing a Tip for Each Day in November

- Sixty-eight per cent of women report being personally impacted by cancer-related illnesses

- Seventy-eight per cent are concerned about being diagnosed with cancer

- More than half have conducted a proper breast cancer self-exam within the last year

Surviscor award comes just weeks after BMO InvestorLine ranked #1 in client satisfaction by Ipsos Reid

- New app is free, secure and easy-to-use

- 70 per cent of Canadian smartphone owners say they have used a financial mobile app in the past year

September 2013 also marks the first anniversary of BMO InvestorLine's industry-first adviceDirect virtual investment advisor service

Certain U.S. dollar funds now available for purchase in Canadian dollars; Series T6 tax-efficiency option added to recently launched SelectTrust(TM) Portfolios and trust versions of ETF Portfolios

- Financial revival in Japan could boost demand for Chinese exports

- Positive 1.9 per cent surge in Canadian retail sales is welcome news

- More than half of investors look to traditional media such as TV and newspapers for investing information and advice

- One-third use social media sources such as LinkedIn, Facebook for investing insights

- TV and business news shows viewed as being the most trustworthy source, whereas blogs are the most credible social media source

Two new managed investment solutions designed to provide diversified market and asset exposure, each through a series of six risk-differentiated portfolios

- BMO Preferred Share Fund is designed to generate regular income from a high demand asset class

- BMO Tactical Dividend ETF Fund is a low-cost, globally diversified ETF-based investment for investors who are seeking income and growth

- Expansion of U.S. dollar lineup provides further access to the U.S. market

Individuals should consider "enhanced" estate planning to address the potential emotional impact on family and beneficiaries

- Four-in-ten Canadians are confident they could cover all of their medical costs incurred abroad without the help of travel medical insurance

- Estimated medical costs abroad could run as high as US$20,000 to fix a broken leg in Florida or US$40,000 for decompression sickness treatment in Thailand

- More than 40 per cent of married couples concede that they have different investing styles

- An overwhelming 98 per cent of couples believe spouses should be on same page financially, yet fewer than half of engaged couples have had a detailed discussion about their finances

- B.C. investors edge out Alberta's for highest score on BMO Nesbitt Burns' Savviest Investor Index

- Study finds 84 per cent of Canadians are generally confident that they're managing their investments well; however, many don't have a financial plan, know their investor profile or what investments they hold

- An investment advisor can help with managing your portfolio, creating a written financial plan and providing other advisory services such as insurance, business succession planning and tax & estate planning

- BMO ETFs led Canadian ETF industry in growth in 2011 and 2012; its line-up currently consists of 55 ETFs designed to address key investor needs

- BMO Financial Group is now a leading provider of ETFs listed in U.S. dollars in Canada; offerings allow investors more choice in how they access different asset classes

- BMO Asset Management Inc. recently launched seven innovative new ETFs designed to help investors construct their portfolios more effectively

- New office located at 3985 Highway 7 provides wealth management services to affluent clients in four different languages

- According to a recent BMO survey, almost half of high-net worth Ontarians were either born outside of Canada or are first generation Canadians

- BMO Harris Private Banking named the Best Private Bank in Canada for 2013 by Global Banking and Finance Review

- Demand from China and United Arab Emirates supporting expansion, but competition heating up from industry entrants

- North American industry accounts for $200 billion in annual revenue

- Australia leads the world in money invested in managed funds per capita

- Australia's pension system is now the fourth largest in the world

- Opening of new office will provide Australians with greater access to BMO's world class team of asset managers

- BMO Global Asset Management's presence in Australia will be led by Ravi Sriskandarajah, who brings more than 15 years of asset management experience to the role

- Almost eighty percent of wealthy Minnesotans are self-made, one of the highest percentages in the country

- Eighty-five percent hold a college degree

- Forty percent of Minnesota's affluent are women

- Assets under management have doubled over the last six months

- Fund an ideal option for investors who are looking to capitalize on a recovering U.S. economy and are seeking high returns with some downside protection

- BMO U.S. High Yield Bond Fund is managed by Monegy, Inc., a boutique high yield portfolio manager within BMO Global Asset Management

- Thirty-five percent of Missourians with $1 million+ in investible assets are women

- Almost two-thirds of the high-net worth in Missouri are self-made

- Education matters: 88 percent hold at least a college a degree; only eight percent state high school is the highest level of education they have completed

- Thirty-eight percent of the state's affluent are women

- Fifty percent of Wisconsin's wealthy are self-made

- Education matters: 71 percent hold at least a college degree

- Ninety-one percent have a bachelors or graduate/professional degree

- Twenty-seven percent of affluent Californians are under 40

- Thirty-seven percent are women

- 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

- 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

- 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

- 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

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

- 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

- Atlantic Canada has the highest percentage of self-made millionaires in Canada

- The region also has the highest percentage of wealthy women in Canada

- Education matters: More than three-quarters of the region's affluent have at least a university undergraduate degree

- Almost half of high-net worth Ontarians were either born outside of Canada or are first generation Canadians

- More than one-third of Ontario's wealthy are women

- Sixty-four per cent are self-made millionaires

- Education is key: 77 per cent hold at least a university a degree; just 14 per cent have a high school diploma or less

- Thirty-six per cent of affluent Albertans are women

- More than two-thirds of high-net worth individuals in Alberta are self-made

- Education pays: 78 per cent hold at least a university degree; only 11 per cent have a high school diploma or less

- Sixty-eight per cent of high-net worth British Columbians were born outside of Canada or are first generation Canadian

- Nearly three quarters of the wealthy in B.C. are self-made millionaires

- Majority of the wealthy are over the age of 50

- Ninety-two per cent of high-net worth individuals in Quebec have completed a graduate, professional or undergraduate degree, compared to 80 per cent nationally

- Nearly two-thirds of millionaires in Quebec are self-made

- Forty-four per cent were either born outside of Canada or are first generation Canadian

- 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

- However, Canadian economy will likely lag that of the U.S. over the next year

- Gold prices drop, but still overvalued

- U.S. equity markets continue upward trend

- Return on bonds driven more by term exposure than by credit type

- Canadians plan on spending an average of $3,073 on vacations between May and September

- Top vacation concerns include: requiring medical attention, bad weather and losing something of value

- Only half regularly purchase travel insurance before leaving home

- Cost of a broken leg can cost up to US$20,000 in the U.S.; an air ambulance trip from Florida to Ontario can run up to US$15,000

- Young and Connected: Eighty-one per cent of Canadians between the ages of 18 and 34 see themselves investing online in the next five years

- Percentage of online investors could more than triple within the next decade

- Majority of Canadians spend at least 30 hours per week online

- Top current online activities include browsing the news, personal banking and keeping in touch with family and friends

- BMO InvestorLine offers two unique online investing services to help different types of investors get started

- BMO's studio branch opens within Pointe-Nord condo building to provide customers with convenient location

- Studio branch concept features an open layout, customer meeting spaces and free WiFi connectivity

- BMO branch represents a $450,000 investment in the community

- Offering customers extended banking hours, including Saturdays

Donation to fund entrepreneurship professorship, 210 scholarships and program development