Can my agent be included in my initial discussions with BMO Private Wealth?

Yes. However, it is up to you to invite your agent to be part of any initial discussions we have with you. You have sole authority over any financial decisions and we will not share any information with your agent without your express written consent and direction.

How does a BMO Private Wealth professional assist professional athletes?

A BMO Private Wealth professional can provide you guidance at each stage of your athletic career. While you focus on your busy career, our advice will help you preserve and protect your wealth.

What are the basic mistakes that many professional athletes make with their money?

With the rewards that an athletic career can bring, there can be a tendency to think that your level of income will last for longer than it will. You may overspend on luxury items, and not save for the future. As well, it’s important to ensure you keep enough money aside to cover taxes.

What if I currently live in Canada and join a U.S. sports team?

BMO offers cross-border services whether you live in Canada or the U.S ., and we can recommend the products and services that will enable you to bank on both sides of the border. This includes setting up Canadian and U.S. bank accounts, transferring funds, obtaining a mortgage, investment advice, and providing tax planning services.

What languages does BMO offer services in?

BMO will communicate with you in whatever language you speak. We will always strive to meet your needs, including by arranging translation services to work with you.

Why is wealth planning important for elite athletes?

The financial rewards of being an elite athlete can be significant, however, peak earning years can take place over a relatively short period of time. It’s important to plan for the future during these years, so you and your family are set up for continued financial well-being and success later on.

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Professional Athlete Wealth Management

The Athlete Advisory Team is a group of dedicated BMO Private Wealth professionals from multiple disciplines with the expertise and resources to provide professional athletes banking, wealth planning, investment, trust, estate, and tax planning services.BMO has:

Over 200 years of banking experience
Comprehensive cross-border banking services
Longstanding associations with professional sports teams

We understand the unique needs of professional athletes

We know that professional athletes and coaches strive to balance the demands of an athletic career, the wealth that can come along with it, and family commitments. Our team of financial professionals provide tailored financial solutions for you that take into consideration your goals, lifestyle and expenses.

We understand that:

Peak earnings can occur early in your career
Career length is unpredictable
Retirement age is below national average
You may suddenly be relocated to a different country or city

Our Partnerships

Partnerships with Chicago Blackhawks and Minnesota Wild

Official bank of the Chicago Bulls and Milwaukee Bucks

Partnership with the Chicago White Sox

Longstanding partner of the Toronto Argonauts

Premier partner of the Toronto FC and CF Montreal

Why BMO

We fulfill the banking needs for professional athletes across a wide range of North American professional sports. We offer a coordinated approach with a dedicated team and a single point of contact.