BMO Financial Group introduced Oct. 18 a new digital, goals-based financial planning platform aimed at simplifying the process for financial advisors as they “identify, set, and help achieve clear financial goals that fit the needs of their clients.”
The platform, BMO WealthPath, is being launched in partnership with software company Voyant Inc. It allows advisors to create actionable plans by inserting client data and testing the proposed plan through generated scenarios. “The end result is a goal-focused plan that helps clients understand why wealth planning is a continuous event,” says BMO.
Engaging clients in wealth conversations
"Our mission is to redefine the wealth planning experience, moving from a traditional approach to a new way to engage clients in wealth conversations," said Caroline Dabu, Head, Wealth Planning and Advisory Services, BMO Financial Group. "
BMO WealthPath will launch in November to BMO Nesbitt Burns Investment Advisors and Financial Planners in BMO Bank of Montreal branches across Canada.