Today we are announcing that Burgundy will be joining BMO Financial Group (BMO). BMO is a highly diversified financial services provider based in North America. It’s a leader in Wealth Management, one of the largest banks in Canada, and has a 200-year track record of serving clients.
In joining BMO, Burgundy will maintain the investment philosophy, people, and client-first principles that have defined our approach for decades. Our business is based on trust, mutual respect, and transparency, and we have always known that we have to work hard to earn and maintain those qualities every single day. We expect to run the investment portfolios in the same manner, with the same decision makers; our goals and client standards are unchanged.
Burgundy’s people are also clients of the firm. A significant portion of our combined net worth is invested in the same strategies as those held by our clients, demonstrating our continuing alignment with the families and institutions we serve.
The transaction is expected to close by the end of 2025, subject to regulatory approval process. Upon closing, Burgundy will operate as a separate line of business within BMO Wealth Management, with our Chief Executive Officer, Robert Sankey, continuing to lead the business. Our Co-Founders Tony Arrell and Richard Rooney will also remain with the business.
This step strengthens Burgundy’s ability to serve clients across generations, while ensuring long-term continuity. We deeply appreciate the confidence that our clients have placed in Burgundy. We look forward to serving them for many generations to come.
