BMO InvestorLine has announced they will be making a change in their trading price to clients, which is to extend one of their current price values to more clients.
What is the price change?
Starting December 1st, 2010, BMO InvestorLine will be extending its low flat rate of $9.95 per trade to more clients.
This low pricing will be available to clients with $50,000 in assets invested through BMO InvestorLine and it also applies to trades for Canadian and U.S. equities made through online or automated telephone services. The asset level needed to qualify for this new rate will be much easier to reach seeing as clients can also combine assets from any BMO InvestorLine accounts over which they have trading authority.
Canadians and U.S. option trades will be subject to the same flat rate plus $1.25 per contract. All other BMO InvestorLine Online Brokerage rates have remained unchanged.
Research has shown that more than one third of Canadians have either adopted online trading or are seriously considering it a choice to manage their investments. BMO is committed to providing innovative tools, research and education resources for their clients. When you combine everything with an award winning service, a comprehensive suite of financial planning tools, investment products and now a reduced pricing for more clients, we have BMO InvestorLine addressing more needs of its online investors.
Why Choose BMO InvestorLine?
BMO InvestorLine has been recognized and received top honours from a number of independent companies. The Globe and Mail has recognized BMO InvestorLine as the top ranked bank owned online broker in 2009. Ipsos Reid has recognized BMO InvestorLine as the leading online trading client on service and support.
BMO InvestorLine offers some of the leading edge tools and services; a few of them include Planning, Selection, Monitoring, Managing and Service & Support.
When it comes to Planning you are given an Asset Allocator – this helps you determine an asset allocation mix that will help you meet your investment goals; another tool given to you is a Retirement Planner – this tool helps you develop a customized retirement plan that considers your current financial situation, risk tolerance and retirement goals.
In the Managing department, you are given tools such as Portfolio Rendering and Stop Orders. With Portfolio Rendering, you can bring your portfolio in line with your plan, see where you stand, where you want to be and how you can get there.
The Service and Support is the highest quality given. You are given exclusive access to BMO’s 5 star relationship team, discounts on trade commissions, preferred interest rates, invaluable tools and research.
BMO InvestorLine is recognized as number 1 for a reason; the tools and service given is amazing, which can make it a great choice for any investor.
The only issue that I have with BMO InvestorLine is that the current price adjustment makes trades $9.95, whereas CIBC Investor’s Edge has introduced a new pricing of $6.95 per trade.
Aside from this, BMO InvestorLine is a great choice for anyone, experienced and new alike. All that is left is for you to decide on whether or not you want to use this service or not.
image source: Ian Muttoo