BMO Private Investment Counsel (BPIC) offers investment management services to high net worth and ultra-high net worth individuals, as well as institutions. BPIC uses model asset allocation strategies to meet investment goals, investing in mutual funds, exchange-traded funds, fixed income, and equity securities. BPIC works with clients to determine their investment needs and objectives, then manages their portfolios accordingly.
Fee Structure
BMO Private Investment Counsel (BPIC) charges a percentage of your portfolio annually for investment management. The exact rate depends on the type of account you have and the amount you invest. There are four different fee schedules:
- Standard U.S. Client Accounts:
- First C$500,000: 1.60%
- Next C$1,500,000: 1.10%
- Next C$1,000,000: 0.70%
- Over C$3,000,000: 0.50%
- Minimum annual fee of C$15,700
- Smaller Accounts: 1.95% (no minimum dollar value requirement)
- Money Market Accounts: 0.20% (any portfolio size)
- Ultra-High Net Worth Accounts:
- First C$10 million: 0.65%
- Next C$25 million (up to C$35 million): 0.50%
- Next C$25 million (up to C$60 million): 0.40%
- Next C$40 million (up to C$100 million): 0.30%
- Over C$100 million: 0.20%
Fees are calculated and charged quarterly, based on the higher of the average of the month-end market values or the quarterly minimum fee.