# BMO Private Investment Counsel

BMO Private Investment Counsel is a Bank / Wealth / Trust based in Toronto, Ontario, Canada.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Toronto, Ontario, Canada
- **Region:** North America
- **Address:** Toronto, ON, Canada
- **Founded:** 1988
- **Assets under management:** $900B - $1T in total bank assets under management and administration (Altss estimate)
- **Website:** www.bmo.com
- **LinkedIn:** https://www.linkedin.com/company/bmo-private-wealth

## Regulatory record

- **CRD number:** 160344
- **SEC file number:** 801-74232
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-23T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160344

## About

Bmo Capital Markets began in 1988. The US-based wealth manager handles asset management, estate planning, and investment management. It provides advisory services to investment companies and institutional clients.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Financial Services

## People

- Darryl White — Chief Executive Officer, BMO Financial Group
- Deland Kamanga — Group Head, BMO Wealth Management

## Questions

### Who runs investment decisions at BMO Private Investment Counsel?

Day-to-day portfolio construction is handled by dedicated discretionary portfolio managers within the Private Investment Counsel unit, who report up through BMO Wealth Management under Deland Kamanga. The investment committee and product-sourcing functions draw on BMO Global Asset Management's institutional platform for private-asset mandates. Individual client portfolios are manager-directed, meaning the advisor selects securities and allocations rather than executing client instructions on a trade-by-trade basis.

### Where is the firm's geographic concentration?

The client base is predominantly Canadian, with a growing US presence following BMO's 2023 acquisition of Bank of the West's wealth-management operations. Investment exposure leans heavily toward Canadian and US public markets, Canadian private credit and real estate, and OECD infrastructure assets sourced through BMO's institutional platform.

## Related profiles

- [Schroders Wealth Management (US)](https://altss.com/profile/schroders-wealth-management-us)
- [Federal Retirement Thrift Investment Board (FRTIB)](https://altss.com/profile/federal-retirement-thrift-investment-board)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/bmo-private-investment-counsel

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