Market Overview

BMO Financial Group Rebrands Its U.S. Private Bank in Arizona


New BMO Private Bank has a team of more than 1,250 professionals working out of 57 offices across 13 states

PHOENIX, Nov. 1, 2012 /PRNewswire/ -- BMO Financial Group today announced the re-brand of its U.S. private bank. The new BMO Private Bank combines Harris Private Bank and part of M&I Wealth Management.   

"BMO is committed to growing our business in Arizona, while we continue to grow and protect the prosperity of our clients," said Steve Matteucci, BMO Private Bank, President, Western U.S. "The new brand reflects our global reach and the financial expertise of BMO Financial Group. We are proud of our reputation for having professionals who bring a multi-dimensional perspective to wealth management." 

Matteucci noted that the introduction of the new brand builds on the integration of M&I Wealth Management and other key acquisitions such as Stoker Ostler Wealth Advisors, a large independent advisory firm in Phoenix.

As a result of this significant growth, BMO Private Bank's high net worth business has been ranked 12th largest in the U.S.1  The ultra high net worth business, under Harris myCFO®, has been ranked among the top five.2  The organization now employs more than 1,250 financial professionals based out of 57 offices across 13 states.

Terry Jenkins, President and CEO, BMO Private Bank, U.S., commented, "We have a strong presence in Canada and in the Midwest. We're also located in other key wealth markets – such as Arizona and Florida.  We're continuing to attract top talent, and we're very excited about the value proposition that we offer to advisors.  Whether you're in Seattle or Sarasota, Chicago or Phoenix, BMO Private Bank's people deliver a consistent approach - providing clients with the same superb experience wherever they are."

In Arizona, BMO Private Bank will be led by:

  • Steve Matteucci, President-Western U.S.
  • Matt Miller, Senior Managing Director-Arizona and Utah
  • Ashley Ober, Regional Director, Private Banking-Western U.S.
  • Patricia Stalzer, CTFA, Regional Director, Trust-Western U.S.
  • Mike Sullivan, CFA, Regional Director, Investments-Western U.S. and Managing Director, Tucson
  • Tim Schultz, Regional Director, Operations-Western U.S.
  • Larry Skolnik, Regional Sales Manager, BMO Harris Financial Advisors

For more information about BMO Private Bank, please visit:

About BMO Private Bank, a Part of BMO Financial Group:
BMO Private Bank offers a comprehensive range of wealth management services that include investment advisory, trust, banking and financial planning to meet the financial needs of high net worth clients. Through integrated teams of experienced financial professionals, BMO Private Bank helps its clients realize their financial and lifestyle goals with solutions that are custom tailored and delivered with the highest level of personalized service.

BMO Private Bank is a brand name used in the United States by BMO Harris Bank N.A. Member FDIC. 

Harris myCFO and Harris myCFO® are brands delivering services through Harris myCFO, LLC an investment advisor registered with the Securities and Exchange Commission; certain divisions of BMO Harris Bank N. A. a national bank with trust powers; and BMO Delaware Trust Company, a Delaware limited purpose trust company. 

Stoker Ostler Wealth Advisors, Inc. is an SEC-registered investment advisor.

Not all products and services are available in every state and/or location.

1 Based on total AUM of investment accounts of $5MM+, Barron's Research ranking Dec 2011

2 Based on assets under advisement, Family Wealth Alliance ranking 2011

SOURCE BMO Private Bank

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