BMO will combine CTC with its wealth management solutions business Harris myCFO to expand its investment advisory and manager research capabilities in the US and create an integrated wealth management firm serving affluent clients.
As part of the deal, CTC Consulting’s executive committee members will continue to have key leadership positions in the combined firm.
BMO said that the purchase will further strengthen its US geographic footprint on the west coast and expands its presence along the east coast.
Financial terms of the transaction were not disclosed and the transaction is expected to be completed during the calendar second quarter of this year.
CTC Consulting chairman, CEO and managing partner Garb Mechigian said that by joining the Harris myCFO family, the firm will be able to broaden and deepen its scope of services and give its clients a greater range of resources to leverage in their efforts to build, protect and enhance their wealth.
