Bmo Family Office, LLC is a large advisory firm based in Palo Alto. It manages $12.77 billion of regulatory assets for 2,507 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Connecticut, and 7 other states.
Bmo Family Office provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and asset allocation, performance measurement, non-discretionary investment advisory and subadvisory services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bmo Family Office, LLC is $12.77 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $361.94 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bmo Family Office, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Darrel Harris Hackett is high net worth individuals with 39 clients and $12.77 billion of assets under management. Among the 9 most similar advisory firms, Bmo Family Office has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $12.77 billion for 42 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Bmo Family Office also advises several private funds. Namely, one hedge fund, five real estate funds, eleven other private funds, eight private equity funds, and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $1 to $250,000.
The company employs 120 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Darrel Harris Hackett has been acting as President since 1 Aug 2014. Shannon Maureen Kennedy joined the executive team most recently as the Global Head.
The principal office where Bmo Family Office, LLC performs its advisory services is located at 2200 Geng Road, Palo Alto, CA 94303, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (650) 210-5000 or by fax (650) 210-5099. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at bmofamilyoffice.com and its LinkedIn profile.