{ "crd_number": 106466, "slug": "bmo-asset-management-corp-chicago-il-106466", "primary_business_name": "BMO ASSET MANAGEMENT CORP.", "legal_name": "BMO ASSET MANAGEMENT CORP.", "dbas": [], "city": "Chicago", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1989-11-17", "years_registered": 36, "period": "2026-10-01", "filing_date": "2026-07-02", "carried_forward": false, "raum_total": 6176443433.0, "raum_discretionary": 6176443433.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 5, "advisory_employees": 4, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "insurance_companies": { "raum": 1083412484.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 3428638604.0, "count": 16 }, "corporations_other_businesses": { "raum": 1664392345.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 5, "states_registered": [ "DE", "IL" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106466", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "CHICAGO", "url": "https://advisorcensus.com/firm/bmo-asset-management-corp-chicago-il-106466", "display_name": "BMO Asset Management Corp.", "summary": "BMO Asset Management Corp. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1989, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 2, 2026.", "citation": "AdvisorCensus. BMO Asset Management Corp. (CRD 106466): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is BMO Asset Management Corp. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), BMO Asset Management Corp. reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is BMO Asset Management Corp. located?", "a": "BMO Asset Management Corp.'s principal office is in Chicago, IL, according to its Form ADV." }, { "q": "Is BMO Asset Management Corp. registered with the SEC or a state?", "a": "BMO Asset Management Corp. is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 106466." }, { "q": "How much does BMO Asset Management Corp. manage?", "a": "BMO Asset Management Corp. reports $6,176,443,433 in regulatory assets under management in its Form ADV filing dated July 2, 2026 (100% discretionary)." }, { "q": "How have BMO Asset Management Corp.'s assets and staff changed since 2021?", "a": "In the Form ADV data for BMO Asset Management Corp.: Regulatory assets under management: $35,330,592,911 in the October 2021 data and $6,176,443,433 in the October 2026 data, down 83%. Total employees: 140 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does BMO Asset Management Corp. serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16)." }, { "q": "Which custodians does BMO Asset Management Corp. use?", "a": "BMO Asset Management Corp.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, Brown Brothers Harriman Investments, LLC, SEI Investments Company and The Northern Trust International Banking Corporation, New Jersey as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does BMO Asset Management Corp. report any disciplinary disclosures?", "a": "Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106466" }, { "q": "What changed in BMO Asset Management Corp.'s recent Form ADV filings?", "a": "In the May 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 35330592911.0, "total_employees": 140, "filing_date": "2021-05-14" }, { "period": "2022-10-01", "regulatory_assets_under_management": 4279818443.0, "total_employees": 5, "filing_date": "2022-07-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 4584870667.0, "total_employees": 5, "filing_date": "2023-09-11" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4245189571.0, "total_employees": 5, "filing_date": "2024-09-05" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5186280670.0, "total_employees": 4, "filing_date": "2025-05-15" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6176443433.0, "total_employees": 5, "filing_date": "2026-07-02" } ], "recent_changes": [ { "period": "2026-05-01", "period_label": "May 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 3 to 4.", "Regulatory assets under management went from $5,186,280,670 to $6,176,443,433 (+19%).", "Registered or notice-filed in DE.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Bank of New York Mellon", "name_as_filed": "BANK OF NEW YORK MELLON", "affiliated": false }, { "name": "Brown Brothers Harriman Investments, LLC", "name_as_filed": "BROWN BROTHERS HARRIMAN INVESTMENTS, LLC", "affiliated": false }, { "name": "SEI Investments Company", "name_as_filed": "SEI INVESTMENTS COMPANY", "affiliated": false }, { "name": "The Northern Trust International Banking Corporation, New Jersey", "name_as_filed": "THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, NEW JERSEY", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/bmo-asset-management-corp-chicago-il-106466.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 16, "fewer_than_5": false, "raum": 3428638604.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": null, "fewer_than_5": true, "raum": 1083412484.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 1664392345.0 } ], "disclosure_line": "Reports 5 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106466", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }