BMO Wealth Management Selects FactSet as Primary Market Data Provider

Rhea-AI Summary

FactSet solutions deployed to BMO Wealth Management professionals

FactSet has been chosen as the primary market data provider for BMO Wealth Management, implementing its Advisor Workstation across Canada. This digital transformation initiative aims to enhance advisor productivity and client engagement with comprehensive analytics and tools. FactSet's partnership with BMO reflects a strategic move in the wealth management sector, underscoring the company's commitment to innovative technology solutions. Executives from both companies emphasize the importance of this collaboration in improving communication and efficiency in client services.

Positive

• Selected as primary market data provider for BMO Wealth Management.
• Deployment of Advisor Workstation enhances advisor productivity.
• Strategic partnership confirms FactSet's growth in the wealth management sector.

Negative

• None.

FactSet solutions deployed to BMO Wealth Management professionals to drive digital transformation

NORWALK, Conn., Jan. 26, 2023 (GLOBE NEWSWIRE) -- FactSet, a global financial digital platform and enterprise solutions provider, today announced that it has been selected as the primary market data provider for BMO’s Wealth Management division.

FactSet is deploying its modern, flexible Advisor Workstation to BMO Wealth Management professionals across Canada to support its digital transformation objectives.

The implementation equips advisors with FactSet’s industry-leading content and analytics within a comprehensive and intuitive web-based interface that enhances BMO Wealth Management’s broader technology ecosystem to drive advisor productivity and client engagement efforts.

The expanded relationship with BMO represents another significant win in the wealth management sector, and confirms FactSet’s strategy to deliver flexible, robust, and differentiated solutions that power our clients’ digital transformation journeys across their wealth enterprise.

"Our collaboration with BMO demonstrates how FactSet’s solutions enable enterprise-wide digital transformation and reinforces our commitment to the Canadian market," said Goran Skoko, Executive Vice President, Head of Research and Advisory Solutions at FactSet. “We are thrilled to work with BMO, who is committed to implementing new technologies that will enhance communication, efficiency, and the advisor experience, and drive improved customer outcomes."

“We are pleased to work with FactSet to help drive progress in BMO Wealth Management’s digital transformation journey. Together, BMO Wealth Management’s professionals will be equipped with the technologies to deliver enhanced client engagement and experiences,” said Bruce Ferman, Chief Operations Officer, BMO Private Wealth.

For more information on FactSet’s wealth solutions, visit: Wealth Management Firms | Wealth Management Software | FactSet

About FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to over 7,000 global clients, including over 180,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P500, we are committed to sustainable growth and have repeatedly scored 100 on the Human Rights Campaign^® Corporate Equality Index and been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on Twitter and LinkedIn. 

About BMO

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.14 trillion as of October 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

Investor Relations: 
Kendra Brown 
+1 (203) 810-2684 
kbrown@factset.com  

Media Relations: 
Megan Kovach 
+1 (512) 736-2795 
megan.kovach@factset.com  

FAQ

What is the significance of FactSet's partnership with BMO Wealth Management?

FactSet's partnership with BMO Wealth Management signifies the implementation of advanced market data solutions aimed at enhancing digital transformation and improving client engagement.

When was FactSet selected as the primary market data provider for BMO?

FactSet was selected as the primary market data provider for BMO Wealth Management on January 26, 2023.

How will FactSet's solutions impact BMO Wealth Management advisors?

FactSet's solutions will equip BMO Wealth Management advisors with enhanced analytics and tools to boost productivity and client service.

What technology will FactSet deploy for BMO Wealth Management?

FactSet will deploy its modern Advisor Workstation across BMO Wealth Management professionals in Canada.

What are the expected outcomes of FactSet's implementation at BMO?

The implementation is expected to drive digital transformation, improve advisor efficiency, and enhance client engagement.