Bmo Asset Management Corp. is a large advisory firm based in Chicago. It manages $36.83 billion of regulatory assets for 847 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Bmo Asset Management Corp provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bmo Asset Management Corp. is $36.83 billion. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Bmo Asset Management Corp. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Barry Merritt Cooper is investment companies with 47 clients and $12.85 billion of assets under management. Among the 8 most similar advisory firms, Bmo Asset Management Corp has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $36.8 billion for 406 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Bmo Asset Management Corp also advises several private funds. Namely, one real estate fund, five other private funds, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $5,000,000.
The company employs 132 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Barry Merritt Cooper has been acting as President since 1 Dec 2009. Steve Raymond Ilott has served as the Chief Investment Officer since 1 Nov 2016. Daniela Anna Oleary Gill joined the executive team most recently as the Director.
The principal office where Bmo Asset Management Corp. performs its advisory services is located at 115 South Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Milwaukee, WI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-461-7699 or by fax 312-461-7096. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bmogam.com.