Related
External Links
(Note: CBC does not endorse and is not responsible for the content of external sites - links will open in new window)
Tony Comper, chairman and chief executive, of BMO, said the acquisition expands the bank's brokerage activity in the U.S., where it currently operates through its Chicago-based Harris Bank subsidiary.
The new company, to be known as Harris/BCL-Investors Direct, will be part of Bank of Montreal's Private Client Group.
"BCL will join our Harris Investors Direct discount brokerage, giving us nearly 45,000 U.S. brokerage clients and bringing our total number of retail customers in the United States to almost one million," said Comper.
"Harris/BCL-Investors Direct will work side by side with its Canadian counterpart, Bank of Montreal's InvestorLine, as an important component in our North American growth strategy."
The private client group brings together all of the bank's wealth management services. That includes retail investment products, discount and full service brokerages, private banking and institutional money management.
Share Tools
Top News Headlines
- Markets gain after Greece approves austerity plan
- World stock markets rise after Greece's parliament approves a new set of austerity measures that were required by international lenders in exchange for an emergency bailout. more »
- Hit and run victim's family fears accused will walk
- The family of a young mother killed in a hit and run is outraged that the case against the alleged driver is among thousands in B.C. at risk of being thrown out because of a huge court backlog. more »
- CBC launches digital music service
- CBC is diving into the world of online music with the goal of providing listeners access to their favourite tunes and a way to discover new artists and connect with fellow music fans. more »
- Neil Macdonald: The death penalty debate America isn't having
- Texas's death row archive is a troubling document, not the least for what it doesn't say about those who may be wrongfully convicted, Neil Macdonald writes. more »
Latest Business Headlines
- Greece passes new austerity deal amid rioting
- Greek lawmakers have approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens and other cities left stores looted and burned and more than 120 people hurt. more »
- Air Canada reaches tentative deal with dispatchers
- Air Canada has reached a tentative collective agreement with the Canadian Airline Dispatchers Association, representing the airline's 74 flight dispatchers. more »
- Old Age Security untouched until 2020, Flaherty says
- Finance Minister Jim Flaherty says Canadians should expect no changes to Old Age Security benefits before 2020 or 2025, and details about reform would be outlined over more than one budget. more »
- CAW questions Caterpillar takeover of Electro-Motive
- The head of the Canadian Auto Workers is suggesting Caterpillar Inc. may not have followed foreign takeover rules in its 2010 purchase of the London, Ont., locomotive plant it has since shut down. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12389.42 | 0 |
| DOW | 12801.23 | 0 |
| NASDAQ | 2903.88 | 0 |
| SP 500 | 1342.64 | 0 |
| NYSE COMPOSITE | 7992.05 | 0 |
| AMEX | 2417.98 | 0 |
| TSX-VENTURE | 1653.55 | 0 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Adele wins best album, best record Grammys
- Houston autopsy results withheld by police
- Quebec town 'heartbroken' after killing of woman, sisters
- Pop queen Whitney Houston dies at 48
- Greece passes new austerity deal amid rioting
- Northern lights viewed from space
- Manitoba man dies after falling off moving SUV
- Doors blocked in fatal Manitoba trailer blaze
- Former Stanley Park petting zoo goats feared slaughtered
