Genivity is excited to announce a partnership with BMO Wealth Management that will arm their advisors with the HALO assessment that will enable advisors to engage with clients through life stage, health risk and elder care cost planning.
With the HALO assessment, BMO advisors are better equipped to have important healthcare discussions with clients and estimate future long-term health care costs. BMO Wealth Management’s U.S. business will start using the HALO solution with clients in three markets including the Hinsdale and Barrington suburbs of Chicago and in Florida’s Sarasota and Naples markets.
Said Steve Williams, Senior Vice President of Wealth Planning, BMO Wealth Management (U.S.), “Fintechs are gaining momentum in the financial services industry and Genivity is a great example of a rising startup that offers a distinct platform for advisors. I truly enjoyed mentoring the Genivity team and look forward to continuing our partnership with them.”
Last year, Genivity was one of three winners in the BMO Harris/1871 FinTech Partnership program, which created a valuable opportunity to explore further partnership opportunities. Genivity will be helping BMO meets its goal of building a better all-around customer experience by focusing on a digital transformation that includes enhanced digital capabilities and leverages partnerships that ultimately complement the existing strengths within the bank.
“Healthcare cost in retirement is a top concern for many of our clients; with Genivity’s platform our team of advisors will not only be able to prepare our clients in this area better but also manage the risks that come with planning for unforeseen circumstances,” said Darrel Hackett, President, BMO Wealth Management U.S. “We value this new partnership and are excited to pilot the benefits with a segment of our clients.”