{"url":"https://nivawealth.com/firms/bmo-asset-management-106466","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106466","regulatoryAum":6176443433,"crd":"106466","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3128644","suffix":null,"lastName":"FOLIAS","firstName":"DEAN","middleName":"ALLAN"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-14","regulatoryAum":35330592911,"clients":319,"employees":140,"offices":2},{"filedOn":"2022-07-29","regulatoryAum":4279818443,"clients":13,"employees":5,"offices":2},{"filedOn":"2023-06-15","regulatoryAum":4737778896,"clients":13,"employees":5,"offices":2},{"filedOn":"2024-04-03","regulatoryAum":4245189571,"clients":15,"employees":5,"offices":1},{"filedOn":"2025-05-15","regulatoryAum":5186280670,"clients":16,"employees":4,"offices":1},{"filedOn":"2026-07-02","regulatoryAum":6176443433,"clients":16,"employees":5,"offices":1}],"secFileNumber":"801-35533","legalName":"Bmo Asset Management Corp.","displayName":"BMO Asset Management","slug":"bmo-asset-management-106466","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"320 S. Canal Street, 12th Floor","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60606"},"tradeNames":[],"registration":{"secApproved":"17 November 1989","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":5,"advisory":4,"brokerDealerReps":1,"insuranceAgents":0,"promoters":5},"aum":{"regulatory":6176443433,"discretionary":6176443433,"discretionaryAccounts":21,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":52,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":16,"regulatoryAum":3428638604},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":1083412484},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":1664392345}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Brown Brothers Harriman Investments, LLC","shortName":"Brown Brothers Harriman Investments","location":"New York, NY","smaAssets":949463578},{"name":"SEI Investments Company","shortName":"SEI Investments","location":"Oaks, PA","smaAssets":1664392345},{"name":"Bank of New York Mellon Corporation","shortName":"Bank of New York Mellon","location":"New York, NY","smaAssets":133948906},{"name":"The Northern Trust International Banking Corporation, New Jersey","shortName":"The Northern Trust International Banking Corporation, New Jersey","location":"Jersey City, NJ","smaAssets":757455627}],"custodyNote":"BMO Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sean Rooney","title":"Chief Financial Officer","crd":"8166605"},{"name":"Dean Folias","title":"Chief Compliance Officer","crd":"3128644"},{"name":"Thomas Fonte","title":"Chair","crd":"1495206"},{"name":"Asim Mandhai","title":"Director, Business Head","crd":"4582333"},{"name":"Michael Miranda","title":"Director","crd":"5314573"},{"name":"Patricia Weitzman","title":"Director","crd":"7836252"}],"ownership":[{"label":"Bmo Financial Corp.","detail":"Sole shareholder of bmo asset management corp. in the 75% or more ownership band and a control person, since September 1989."},{"label":"Bank of Montreal","detail":"Indirect owner: a shareholder of Bmo Financial Corp. in the 75% or more band and a control person, since September 1989.","parent":"Bmo Financial Corp."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"320 S. Canal Street, 12th Floor","city":"Chicago","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-461-4002","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":99,"detail":"Secured Loans"}],"privateFunds":16},"sources":{"adv1FilingDate":"2 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106466/PDF/106466.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does BMO Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does BMO Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does BMO Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does BMO Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does BMO Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns BMO Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does BMO Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact BMO Asset Management?","answer":"BMO Asset Management’s main office is at 320 S. Canal Street, 12th Floor, Chicago, IL 60606. Its phone number is 312-461-4002.","source":"Form ADV Part 1A, Item 1.F, filed 2 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}