Bank of Montreal - BMO Financial Group

Title: Bank of Montreal - BMO Financial Group
Category: Finance
Clicks: 3
Added on: Nov 26, 2011
Bank of Montreal opened doors in 1817 and today, it offers financial products and services to its corporate, institutional, commercial, and personal clients in North America and globally. The bank provided the first circulated and widely recognized currency in the country, playing a key role in the development of Canada. Its main competitors are CIBC, TD Bank, RBC, and others.

To its individual clients, BMO offers a wide variety of everyday banking products, among which senior and private banking services, online banking, checking and savings accounts, and others. Clients of the bank can choose from different borrowing solutions, such as mortgages, credit lines, credit cards, and loans. Investment products are among the strengths of the Bank of Montreal. BMO offers mutual funds, self-directed investing, retirement savings plans, registered disability savings plans, and other investment solutions. Clients of the bank who want to buy an insurance plan can choose from a wide selection of insurance products. These include travel insurance, income annuities, critical illness insurance, and many others.

Business clients of BMO also enjoy a variety of everyday banking and borrowing solutions, investment products, payroll services, and more. Clients can choose from commercial mortgages and business loans, and a variety of credit cards. Business accounts and plans include current accounts, community accounts, etc., with clients having access to mobile banking and online banking. There is a variety of investment options such as GICs, individual securities, and mutual funds.

Commercial clients of the bank are offered a selection of specialized banking services, cash management services, and investment and borrowing solutions. Commercial clients can apply for commercial mortgages, lines of credit, term loans, and more. Cash management is another service intended for commercial clients, including wire payments, online banking for business, and many others. Finally, the bank features a wide selection of products offered to its corporate and institutional clients. Among these are treasury services, capital raising, market risk management, and many others. Through BMO Capital Markets, the bank offers acquisition and divestiture advisory to institutional and corporate clients who want to focus on their core business. Services include valuations, fairness opinions, buy- and sell-side advisory, and many others.
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