BMO Nesbitt Burns
BMO Nesbitt Burns is an investment management firm based in Toronto, Canada. It operates as a subsidiary of BMO Financial Group, which in turn is part of the Bank of Montreal.
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| Subsidiary | |
| Industry | Financial services, Private wealth management, Investment management |
| Predecessor | Nesbitt, Thomson & Co., Burns Fry |
| Founded | 1987 (acquisition of Nesbitt Thomson) |
| Headquarters | , |
Number of locations | 70 offices |
Number of employees | 1,300 financial advisors |
| Parent | Bank of Montreal |
| Website | www |
History
In 1987, BMO Bank of Montreal acquired Nesbitt Thomson, then one of Canada's oldest investment houses. In 1994, BMO Bank of Montreal also acquired Burns Fry, a dealer of Canadian equities and debt securities. Nesbitt Thomson and Burns Fry then merged to become BMO Nesbitt Burns.[1]
After the case was filed in 2013,[2] in 2016, BMO Nesbitt Burns settled for $12.5 million over a class action lawsuit filed against the company for unpaid overtime.[3]
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References
- The BMO legacy : two centuries of commitment to customers (PDF) (Report). Bank of Montreal. Retrieved 2020-02-06.
- Nelson, Jacqueline (August 21, 2013). "Judge approves BMO advisers' overtime lawsuit". The Globe and Mail. Retrieved January 30, 2020.
- Hasselback, Drew (July 25, 2016). "Ontario judge approves $12M settlement in BMO Nesbitt Burns overtime class action". Financial Post. Retrieved January 30, 2020.
External links
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