Bank of Montreal Enters Robo-Advising Ahead of Other Lenders

  • BMO SmartFolio competes with Wealthsimple, other online rivals
  • Bank sees platform appealing to millennials, new investors

Bank of Montreal starts signing up customers for its automated low-fee investment-advice platform this week, making the lender the first of Canada’s big banks to embrace a robo-advisory business.

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