BMO Global Asset Management is the investment branch of the renowned Bank of Montreal Group. The company currently manages 10 Investment Trusts, providing a range of investment opportunities including access to equities, bonds, property and private equity. The company has more than 20 offices in 14 countries.
BMO claims that it is dedicated to helping clients make the right investment decisions in a complex and interconnected world. It also claims that it is close to customers, understands their needs and provides customer-oriented financial products.
According to regulatory information, BMO’s address in UK is Exchange House, Primrose Street, London. WikiFX paid a site visit to this place.
According to the address and with the help of map navigation, the surveyors came to the Exchange House building on Primrose Street. BMO is believed to operate here.
The surveyors entered the building and found BMO on the directory sign at the ground floor. According to the sign, BMO's office is on level 8. Unfortunately, the surveyors were unable to go upstairs to visit it.
According to the information WikiFX has, the company is not regulated by any reputable regulatory authorities.
The UK FCA license it holds (No. 119233) has an anomalous status, as the record at the authority indicates that the license has been deregistered.
The UK FCA license it holds (No. 110415) has an anomalous status, as the record at the authority shows that the license has been deregistered.
The UK FCA license it holds (No. 119233) is of Investment Advisory category, hence the company dealing with forex trading/brokerage business is suspected of abusing the scope of its license.
The UK FCA license it holds (No. 110415) is of Investment Advisory category, hence the company dealing with forex trading/brokerage business is suspected of abusing the scope of its license.
According to the information WikiFX has, the company is using non-MT4/5 software.
A field investigation by WikiFX confirmed that the actual address of BMO is consistent with its regulatory address. BMO holds two FCA investment advisory licenses that have now been revoked. The company now is not regulated by any reputable regulatory authorities, and its forex brokerage business is suspected of going beyond its license scope.
10-15 years | United KingdomRegulation | License Suspected | No MT…
BMO Global Asset Management
+44 (0) 20 7628 8000
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