BMO Agrees $625m Deal to Acquire Burgundy Asset Management
The move expands the bank’s wealth management services for high-net-worth and ultra-high-net-worth clients. The transaction will see Burgundy, an independent wealth manager with around $27 billion in assets under management as of May 31, integrated into BMO Wealth Management. Burgundy’s expertise is said to be in its discretionary investment management for private clients, foundations, pensions,…
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