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On the recordRead 14 Nov 202615 facts
BMO SmartFolio
Plans and prices
SmartFolio advisory fee
Priced on request
Minimum account size: $1,000
Read 29 Sep 2026 · bmo.com
Advisory fee
Priced on request
First $100,000 at 0.70% · Next $150,000 at 0.60% · Next $250,000 at 0.50% · Above $500,000 at 0.40%
Read 14 Nov 2026 · bmo.com
On the record
- Access and support
- Clients sign in on the web; supported browsers include desktop Chrome, Edge, Firefox and Safari on desktop, iPhone and iPad, and advisors are available by phone Monday to Friday 8 a.m. to 6 p.m. ET.bmo.com · read 14 Nov 2026
- Account types
- Accounts include individual and joint investment accounts, RRIF, RRSP, RESP, spousal RRIF, spousal RRSP and TFSA.bmo.com · read 14 Nov 2026
- Asset protection
- Assets are held in the client’s own name at BMO Nesbitt Burns, with CIPF coverage up to $1 million CAD if that firm becomes insolvent.bmo.com · read 14 Nov 2026
- BMO ETFs and algorithms
- Experts use BMO ETFs, then advanced algorithms, to seek returns within the client’s risk level.bmo.com · read 14 Nov 2026
- Contributions
- Pre-authorized contributions can be set up from a BMO bank account on the platform, or weekly, bi-monthly or monthly from any Canadian financial institution.bmo.com · read 14 Nov 2026
- Extra fund costs
- ETF management expense ratios are extra and are likely a weighted average of 0.20% to 0.35% of account value.bmo.com · read 14 Nov 2026
- Holdings limit
- Outside investments cannot be transferred in; cash is invested to the model portfolio, and non-model holdings cannot be bought.bmo.com · read 14 Nov 2026
- How it invests
- After a few questions about goals, SmartFolio matches the client to an ETF portfolio and manages it.bmo.com · read 14 Nov 2026
- Minimum
- The minimum size per account is $1,000, and accounts that fall below $1,000 are moved to cash.bmo.com · read 14 Nov 2026
- Notable limits
- A client cannot hold more than one account of the same type, and tax-loss harvesting is not offered.bmo.com · read 14 Nov 2026
- Online security
- BMO promises 100% reimbursement for a direct loss from an unauthorized SmartFolio transaction, and the site uses encryption described as 128-bit.bmo.com · read 14 Nov 2026
- Rebalancing
- If a model holding moves 10 percent below or above its median weight, the portfolio is rebalanced back into range.bmo.com · read 14 Nov 2026
- What it is
- BMO SmartFolio is a hands-free, professionally managed online portfolio service.bmo.com · read 14 Nov 2026
- Who can open
- Any Canadian resident who is the age of majority in their province or territory can open an account.bmo.com · read 14 Nov 2026
- Who manages it
- Investment decisions are made by a team of 17 professionals, including five portfolio managers and eight CFAs, with more than 300 years of combined experience.bmo.com · read 14 Nov 2026
