BMO Asset Management provides portfolio management for pooled vehicles and portfolio management for institutions. The firm advises 16 private funds.
BMO Asset Management reports 16 clients. They include 16 pooled investment vehicles. Of its assets, 100.0% ($6.18B across 21 accounts) are managed with discretion. Of its clients, 52% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 56% |
| Insurance companies | Fewer than 5 | 18% |
| Corporations and other businesses | Fewer than 5 | 27% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 16 | $3.43B | 55.5% | $214M |
| Insurance companies | Fewer than 5 | $1.08B | 17.5% | — |
| Corporations and other businesses | Fewer than 5 | $1.66B | 26.9% | — |
| Total | 16 | $6.18B | 100% | — |
- Clients
- 16
- Regulatory AUM
- $3.43B
- AUM share
- 55.5%
- Avg. per client
- $214M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.08B
- AUM share
- 17.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.66B
- AUM share
- 26.9%
- Avg. per client
- —
Total
- Clients
- 16
- Regulatory AUM
- $6.18B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 52%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 16
- Financial planning clients last fiscal year
- 0
BMO Asset Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Bmo Financial Corp. owns 75% or more of BMO Asset Management and is in turn owned by Bank of Montreal (75% or more). The leadership team of BMO Asset Management includes Chief Financial Officer Sean Rooney and Chief Compliance Officer Dean Folias. It has 5 employees, 4 of them in advisory roles.
Leadership
- Sean RooneyChief Financial Officer
- Dean FoliasChief Compliance Officer
- Thomas FonteChair
- Asim MandhaiDirector, Business Head
- Michael MirandaDirector
- Patricia WeitzmanDirector
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 4 in advisory functions
- 1 state-registered rep
- 1 broker-dealer rep
- 5 soliciting firms
- Owns 75% or more of Bmo Asset Management Corp.
Bmo Financial Corp.
Control person · since September 1989
- Owns 75% or more of Bmo Financial Corp.
Bank of Montreal
Control person · since September 1989
BMO Asset Management’s regulatory assets fell from $35.3B (May 2021) to $6.18B (July 2026); clients fell from 319 to 16 and employees from 140 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $6.18B | 16 | 5 | 1 |
| May 2025 | $5.19B | 16 | 4 | 1 |
| April 2024 | $4.25B | 15 | 5 | 1 |
| June 2023 | $4.74B | 13 | 5 | 2 |
| July 2022 | $4.28B | 13 | 5 | 2 |
| May 2021 | $35.3B | 319 | 140 | 2 |
Besides its headquarters, BMO Asset Management has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 320 S. Canal Street, 12th Floor, ChicagoHQ
Contact and registration details
- Legal name
- Bmo Asset Management Corp.
- Headquarters
- 320 S. Canal Street, 12th Floor, Chicago, IL 60606
- Website
- Not reported
- Phone
- 312-461-4002
- SEC file
- 801-35533
- Structure
- Delaware corporation
- Fiscal year end
- December
BMO Asset Management uses SEI Investments ($1.66B, 47%), Brown Brothers Harriman Investments ($949M, 27%) and The Northern Trust International Banking Corporation, New Jersey ($757M, 22%), among others, as custodians for its separately managed accounts. BMO Asset Management does not have custody of client assets.
- Brown Brothers Harriman InvestmentsBrown Brothers Harriman Investments, LLC · New York, NY · $949M27%
- SEI InvestmentsSEI Investments Company · Oaks, PA · $1.66B47%
- Bank of New York MellonBank of New York Mellon Corporation · New York, NY · $134M4%
- The Northern Trust International Banking Corporation, New JerseyThe Northern Trust International Banking Corporation, New Jersey · Jersey City, NJ · $757M22%
What the accounts hold
- Cash1%
- Other99%
- Secured loans99%
How many clients does BMO Asset Management have?
BMO Asset Management has 16 clients and manages $6.18 billion for them, as of July 2026. They include 16 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 July 2026
What services does BMO Asset Management offer?
BMO Asset Management provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does BMO Asset Management use?
BMO Asset Management’s separately managed account assets are held at SEI Investments Company (Oaks, PA), with $1.66B, Brown Brothers Harriman Investments, LLC (New York, NY), with $949M, The Northern Trust International Banking Corporation, New Jersey (Jersey City, NJ), with $757M and Bank of New York Mellon Corporation (New York, NY), with $134M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 July 2026
How many financial advisors does BMO Asset Management have?
BMO Asset Management has 1 investment adviser representative registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does BMO Asset Management invest in?
At the end of its last fiscal year, BMO Asset Management’s separately managed accounts held 99% other and 1% cash and equivalents. The 99% other category is described as: Secured Loans. It advises 16 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns BMO Asset Management?
BMO Asset Management is owned through a holding company by Bank of Montreal. Its direct owner is Bmo Financial Corp. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 July 2026
How does BMO Asset Management get paid?
BMO Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact BMO Asset Management?
BMO Asset Management’s main office is at 320 S. Canal Street, 12th Floor, Chicago, IL 60606. Its phone number is 312-461-4002.