{"url":"https://nivawealth.com/firms/bmo-private-investment-counsel-160344","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/160344","regulatoryAum":40180083812,"crd":"160344","secFileNumber":"801-74232","legalName":"Bmo Private Investment Counsel Inc.","displayName":"Bmo Private Investment Counsel","website":null,"founded":null,"organization":"corporation organized in Canada","fiscalYearEnd":"October","headquarters":{"street":"100 King Street West, 1 First Canadian Place 41st Floor","city":"Toronto, Ontario","state":"","stateName":"","country":"Canada","postalCode":"M5X 1A1"},"tradeNames":[],"registration":{"secApproved":"19 March 2012","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":130,"advisory":130,"brokerDealerReps":0,"insuranceAgents":46,"promoters":0},"aum":{"discretionary":40180083812,"discretionaryAccounts":73898,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":99,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":18117,"regulatoryAum":5877974106},{"label":"High-net-worth individuals","clients":8176,"regulatoryAum":17410709967},{"label":"Charitable organizations","clients":39,"regulatoryAum":228603478},{"label":"State or municipal government entities","clients":3,"regulatoryAum":108309757},{"label":"Insurance companies","clients":14,"regulatoryAum":111389945},{"label":"Corporations and other businesses","clients":4839,"regulatoryAum":12417840577},{"label":"Other","clients":1955,"regulatoryAum":4025255982}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Bmo Trust Company","shortName":"Bmo Trust","location":"Toronto","smaAssets":40180083812}],"custodyNote":"Bmo Private Investment Counsel has custody of $40.18B for 33,143 clients.","otherCustodians":[],"leadership":[{"name":"Maarten Jansen","title":"Director and Chief Executive Officer","crd":"7985109"},{"name":"Ian Narine","title":"Chief Financial Officer","crd":"7570073"},{"name":"Nicole Borland","title":"Chief Compliance Officer","crd":"7649528"},{"name":"Bruce Ferman","title":"Director","crd":"6304645"},{"name":"Andrew Gilchrist","title":"Director","crd":"8189672"},{"name":"Jamie Loughery","title":"Director","crd":"8242724"}],"ownership":[{"label":"Bmo Nesbitt Burns Inc","detail":"Owner in the 75% or more ownership band and a control person, since November 2012."},{"label":"Bank of Montreal Holding Inc.","detail":"Indirect owner: a owner of Bmo Nesbitt Burns Inc in the 75% or more band and a control person, since November 2012.","parent":"Bmo Nesbitt Burns Inc"},{"label":"Bank of Montreal","detail":"Indirect owner: a owner of Bank of Montreal Holdings Inc. in the 75% or more band and a control person, since October 1997.","parent":"Bank of Montreal Holdings Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":32,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"416-359-5001","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":24},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":2},{"label":"Cash and cash equivalents","percent":7},{"label":"Other","percent":65,"detail":"Other: Personal Assets; Principal Residence; Real Estate; Protected Notes, Mutual Funds.\nNote: Canadian Investment Funds and the Securities of the Funds Offered Are Offered by Way of Prospectus and Are Not Registered With the United States Securities and Exchange Commission.  They May Be Sold in the United States Only in Reliance on Exemptions From Registration. to Date, Bpic Has Not Obtained Reliance on Exemptions From Registration With the Sec and As Such Are Not Sold to US Residents."}],"privateFunds":0},"sources":{"adv1FilingDate":"23 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/160344/PDF/160344.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bmo Private Investment Counsel have?","answer":"Bmo Private Investment Counsel has 33,143 clients and manages $40.2 billion for them, as of March 2026. They include 18,117 other individuals, 8,176 high-net-worth individuals and 4,839 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bmo Private Investment Counsel offer?","answer":"Bmo Private Investment Counsel provides financial planning, portfolio management for individuals and small businesses and selecting other managers.","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 Private Investment Counsel use?","answer":"Bmo Private Investment Counsel’s separately managed account assets are held at Bmo Trust Company (Toronto), with $40,180,083,812. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bmo Private Investment Counsel have?","answer":"Bmo Private Investment Counsel has 0 investment adviser representatives registered with state securities authorities, out of 130 employees, and 130 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 46 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 Private Investment Counsel invest in?","answer":"At the end of its last fiscal year, Bmo Private Investment Counsel’s separately managed accounts held 65% other: personal assets; principal residence; real estate; protected notes, mutual funds.\nnote: canadian investment funds and the securities of the funds offered are offered by way of prospectus and are not registered with the united states securities and exchange commission.  they may be sold in the united states only in reliance on exemptions from registration. to date, bpic has not obtained reliance on exemptions from registration with the sec and as such are not sold to us residents., 24% exchange-traded equities, 7% cash and equivalents, 2% investment grade corporate bonds, 1% U.S. government and agency bonds, 1% state and local bonds and 1% sovereign bonds. It advises no private funds of its own.","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 Private Investment Counsel?","answer":"Bmo Private Investment Counsel is owned through a holding company by Bank of Montreal Holding Inc. Its direct owners are Bmo Nesbitt Burns Inc (75% or more) and Bank of Montreal (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 23 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bmo Private Investment Counsel get paid?","answer":"Bmo Private Investment Counsel is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees 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"}}],"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 Wealth 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."}