PR Newswire | Nov 30, 2021 12:15PM EST

Private U.S. Equity Portfolio and BMO Private International Equity Portfolio

11/30 11:14 CST

BMO Private Investment Counsel Inc. Announces Sub-Advisor Changes to BMO Private U.S. Equity Portfolio and BMO Private International Equity Portfolio TORONTO, Nov. 30, 2021

TORONTO, Nov. 30, 2021 /CNW/ - BMO Private Investment Counsel Inc., the manager of BMO Private U.S. Equity Portfolio and BMO Private International Equity Portfolio (collectively, the "Portfolios"), today announced sub-advisor changes to the Portfolios.

Effective on or about December 16, 2021, Columbia Management Investment Advisers, LLC will replace BMO Asset Management Corp. ("BMOAM Corp.") as a sub-advisor for the Portfolios and BMOAM Corp. will cease to act as a sub-advisor for the Portfolios.

There will be no changes to the Portfolios' fundamental investment objectives or to their investment risk ratings as a result of these changes.

About BMO Private WealthBMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. Banking services are offered through Bank of Montreal. Investment management, wealth planning, tax planning and philanthropy planning services are offered through BMO Nesbitt Burns Inc. and BMO Private Investment Counsel Inc. Estate, trust, and custodial services are offered through BMO Trust Company. BMO Private Wealth legal entities do not offer tax advice.

About BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $971 billion as of July 31, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group