TORONTO, Nov. 30, 2021 /CNW/ - BMO Private Investment
Counsel Inc., the manager of BMO Private U.S. Equity Portfolio and
BMO Private International Equity Portfolio (collectively, the
"Portfolios"), today announced sub-advisor changes to the
Portfolios.
Effective on or about December 16,
2021, Columbia Management Investment Advisers, LLC will
replace BMO Asset Management Corp. ("BMOAM Corp.") as a sub-advisor
for the Portfolios and BMOAM Corp. will cease to act as a
sub-advisor for the Portfolios.
There will be no changes to the Portfolios' fundamental
investment objectives or to their investment risk ratings as a
result of these changes.
About BMO Private Wealth
BMO Private Wealth is a
brand name for a business group consisting of Bank of Montreal and certain of its affiliates in
providing private wealth management products and services. Not all
products and services are offered by all legal entities within BMO
Private Wealth. Banking services are offered through Bank of
Montreal. Investment management,
wealth planning, tax planning and philanthropy planning services
are offered through BMO Nesbitt Burns Inc. and BMO Private
Investment Counsel Inc. Estate, trust, and custodial services are
offered through BMO Trust Company. BMO Private Wealth legal
entities do not offer tax advice.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America.
With total assets of $971 billion as of July 31,
2021, and a team of diverse and highly engaged employees, BMO
provides a broad range of personal and commercial banking, wealth
management and investment banking products and services to more
than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, BMO Wealth
Management and BMO Capital Markets.
SOURCE BMO Financial Group