Bmo Nesbitt Burns Securities Ltd. is a large advisory firm based in Toronto, Ontario. It manages $321.81 million of regulatory assets for 410 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and New York.
Bmo Nesbitt Burns Securities provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bmo Nesbitt Burns Securities Ltd. is $321.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 544% since the beginning of its operation, and $45.84 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Bmo Nesbitt Burns Securities Ltd. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of William A L Brown is high net worth individuals with 101 clients and $244.63 million of assets under management. Among the 8 most similar advisory firms, Bmo Nesbitt Burns Securities has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $321.81 million for 353 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 42% of the firm’s clients are foreign persons or businesses.
Bmo Nesbitt Burns Securities doesn't advise any private funds.
The company employs 215 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
William A L Brown has been acting as President since 1 Jan 2012. Darren Charles Mcmillan joined the executive team most recently as the Chief Compliance Officer.
The principal office where Bmo Nesbitt Burns Securities Ltd. performs its advisory services is located at C/O Legal Department, 1 First Canadian Place, Toronto, Ontario, M5 X 1 A1 The mailing address of the firm is 111 West Monroe, Chicago, IL 60603. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 416-359-4000 or by fax 416-359-4311. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bmo.com/nesbittburns.