BMO Financial Group has announced that effective on or about November 1, 2009, BMO Investments and Guardian Group of Funds are expected to amalgamate to form a single legal entity. Following this, BMO Investments will become the trustee and manager of all BMO Guardian Funds, currently managed by Guardian Group of Funds and will continue to act as trustee and manager of the BMO Mutual Funds.
It has reported that this change will allow the two fund families, BMO Mutual Funds and BMO Guardian Funds, to operate within a more streamlined organizational structure and will provide administrative and cost benefits.
BMO Mutual Funds are offered by BMO Investments, a member of the BMO Financial Group and part of the organization’s Private Client Group. The Canada-based private client group provides integrated wealth management services.
