BMO Financial Group is boosting its financial planning and wealth management services by merging its Harris Bank and M&I Bank advisor networks to create BMO Harris Financial Advisors - a network of over 230 professionals with some $12 billion in client assets.
Led by 165 advisors from Harris Bank and M&I, BMO Harris Financial Advisors’ combined business comprises over $2.5 billion in discretionary assets under management and more than $9 billion in brokerage assets.
“We’re committed to seeking out synergies within the BMO Harris Bank and M&I networks that will enhance our ability to service our clients,” said Terry Jenkins, executive vice president and head of Harris Private Bank. “This expanded network of financial advisors will work collaboratively to deliver a holistic financial service experience.”
Mike Miroballi, previously head of BMO Harris Financial Advisors, assumes the role as president of the combined business. He reports to Jenkins.
Meanwhile, Dean Urbanski, who has served as national director of sales for M&I Financial Advisors, now assumes the same role for the combined team under BMO Harris Financial Advisors. Bill Crain has served as chief financial officer for M&I Financial Advisors and now assumes the role of chief operating officer of BMO Harris Financial Advisors, the firm confirmed to Family Wealth Report.