Bmo Asset Management Corp. (Chicago)

Name: Bmo Asset Management Corp.
Address: 115 South Lasalle Street, Chicago, IL, 60603
Telephone: 312-461-7699

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.

Bmo Asset Management Corp: assets under management

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 firm manages $36.74 billion in discretionary accounts and $95.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $43.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $31.91 million.

Bmo Asset Management Corp has custody of $9.64 billion in cash and securities for 557 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

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.

What kind of clients Barry Merritt Cooper serves?

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.

Careers at Bmo Asset Management Corp.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bmo Financial Corp.	Sole shareholder of bmo asset management corp.	1 Sep 1989	75% - 100%	51-0275712
Gilles G Ouellette	Director	1 Feb 2000	Other	4107031
Carol Ann Neal	Director	1 Nov 2006	Other	4956567
Ellen Marie Costello	Director	1 Mar 2007	Other	4332568
Barry Sean Mcinerney	Director, chief executive officer	1 Feb 2009	Other	4379798
Barry Merritt Cooper	Chairman	1 Dec 2009	Other	53458
Rajiv Rai Silgardo	Director	1 Dec 2009	Other	4369824
Steve Jeffrey Arquilla	Director, chief operating officer	1 Jan 2012	Other	6047503
Allan Robert Hosack	Chief financial officer	1 Jun 2012	Other	5629924
Angela Marie Palmer	Chief compliance officer	1 Jun 2012	Other	4915568
Phillip Edward Enochs	Director	1 Sep 2012	Other	2860098
Myra Cridland	Director	1 Sep 2012	Other	6140093
Craig Anthony Rawlins	Director and chief investment officer	1 Nov 2012	Other	2011479
Daniel Sido	Director and chief administrative officer	1 Nov 2012	Other	2599550
Carol Peka Flick	Chief financial officer	1 Jul 2013	Other	4615183
Christopher Begy	Director	1 Aug 2013	Other	6256575
William Albert Chinkiwsky	Chief compliance officer	1 Mar 2014	Other	6314727
Jerrold Gonzalez Mauricio	Chief compliance officer	1 Mar 2014	Other	3175743
Richard Charles Wilson	Director	1 May 2014	Other	4338442
Afrodete Viki Lazaris	Director	1 Dec 2014	Other	6436967
Matthew Bradley Wallace	Chief compliance officer	1 Jan 2015	Other	4829197
Mark Andrew Gregory	Chief compliance officer	1 Jul 2016	Other	2253531
Steve Raymond Ilott	Chief investment officer	1 Nov 2016	Other	6723921
Steve Ilott	Chief investment officer	1 Nov 2016	Other	6723921
Joan Zabida Mohammed	Director	1 Dec 2016	Other	6690279
Joan Z Mohammed	Director	1 Dec 2016	Other	6690279
Stephanie Ann Lake	Chief financial officer	1 Jan 2017	Other	5845009
Daniela Anna Oleary Gill	Director	1 Jun 2018	Other	6571653

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bank Of Montreal	Sole shareholder of bmo financial corp.	1 Sep 1989	75% - 100%	none

Based in Chicago

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.