# BMO Asset Management Corp.

> 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.

- CRD: 106466
- Filed as: BMO ASSET MANAGEMENT CORP.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: July 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106466
- AdvisorCensus page: https://advisorcensus.com/firm/bmo-asset-management-corp-chicago-il-106466

## Quick answers

**How is BMO Asset Management Corp. compensated?**
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.

**Where is BMO Asset Management Corp. located?**
BMO Asset Management Corp.'s principal office is in Chicago, IL, according to its Form ADV.

**Is BMO Asset Management Corp. registered with the SEC or a state?**
BMO Asset Management Corp. is an SEC-registered investment advisory firm, registered since 1989. Status as filed: Approved. CRD 106466.

**How much does BMO Asset Management Corp. manage?**
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).

**How have BMO Asset Management Corp.'s assets and staff changed since 2021?**
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.

**What types of clients does BMO Asset Management Corp. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (16).

**Which custodians does BMO Asset Management Corp. use?**
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.

**Does BMO Asset Management Corp. report any disciplinary disclosures?**
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

**What changed in BMO Asset Management Corp.'s recent Form ADV filings?**
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon
- Brown Brothers Harriman Investments, LLC
- SEI Investments Company
- The Northern Trust International Banking Corporation, New Jersey

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.

### Regulatory assets under management (Item 5.F)
- Total: $6,176,443,433
- Discretionary: $6,176,443,433
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 16 | $3,428,638,604 |
| Insurance companies | Fewer than 5 | $1,083,412,484 |
| Corporations or other businesses not listed above | Fewer than 5 | $1,664,392,345 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1989 (36 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, IL
- Disclosures (Item 11): Reports 5 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106466

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $35,330,592,911 | 140 | May 14, 2021 |
| October 2022 | $4,279,818,443 | 5 | July 29, 2022 |
| October 2023 | $4,584,870,667 | 5 | September 11, 2023 |
| October 2024 | $4,245,189,571 | 5 | September 5, 2024 |
| October 2025 | $5,186,280,670 | 4 | May 15, 2025 |
| October 2026 | $6,176,443,433 | 5 | July 2, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

### January 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BMO Asset Management Corp. (CRD 106466): Form ADV filing data as of October 2026.