Wealth Planning Strategies 

While receiving an inheritance certainly comes with benefits, it’s a big responsibility to use it wisely. A BMO Private Wealth professional can help you map out how you can use your windfall effectively to meet some immediate goals and to plan for long-term goals. We’ll help you understand the investment options and tax implications of your newly acquired wealth.

Yes, it is possible to move your wealth from one institution to another. We would be happy to discuss how BMO Private Wealth can work with you. First, we would schedule a time to have a discovery conversation in which we can learn a bit about you, your life and your goals and then connect you with the appropriate BMO Private Wealth professional and specialists who will discuss how we can support you.

You will continue to work with your current BMO Private Wealth professional who can assist you in accessing all of the services of BMO Private Wealth and BMO Financial Group. Your BMO Private Banker, BMO Nesbitt Burns Investment Advisor or BMO Private Investment Counsel Investment Counsellor will continue to meet your banking or investment needs and engage other members of BMO who can address additional wealth planning priorities.

BMO WealthPath is a scalable, digital financial planning tool that your BMO Private Wealth professional uses to help you with all your simple and complex planning needs. It provides:

• A visual timeline of your finances and goals pre- and post- retirement
• A fully digital, interactive platform that helps you understand your financial picture and see how you are tracking towards your goals
• The ability to experiment with different “what-if” financial services

As well, we work with a team of BMO Private Wealth specialists to provide you with a comprehensive wealth plan. This includes estate and trust planning, business succession planning, tax planning and philanthropy.

BMO Private Wealth incorporates the well-established and respected businesses of BMO Private Banking, BMO Private Investment Counsel (BPIC), and BMO Nesbitt Burns. We provide wealth management solutions by collaborating across business lines without borders to create sophisticated and complete plans for you.

Wealth planning is a structured, multi-disciplinary and comprehensive planning process that encompasses all of your financial objectives and needs. Working collaboratively with you, your family, and members of an integrated wealth management team, a wealth planner may recommend customized strategies for achieving all of your objectives. Wealth planning should include investment management, insurance solutions, tax planning, estate planning, retirement planning, cash management, planned giving strategies, trusts, banking services, philanthropic strategies, and more, depending on your individual situation and needs.