adviceDirect pricing

You will need a minimum deposit of $10,000 to open an adviceDirect account, which can be made through a deposit, transfer or a combination of both. You can also link several accounts, but one of those accounts must have a minimum of $10,000 in total billable assets.

Should the account size drop below $10,000 because of market fluctuations, you won't be penalized. However, you may be asked to close your adviceDirect account if the account drops below the minimum for other reasons such as, withdrawals or transfers.

With BMO InvestorLine adviceDirect, you pay an annual advisory fee that is charged in arrears at the end of each quarter. The fee is calculated based the average of your end-of-day billable asset balances throughout the full quarter. 

• $300 annual fee: For billable assets between $10K and $499,999.99 ^{Footnote star details *}
• $3,000 annual fee: For billable assets $500K+ ^{Footnote star details *}

​For more information, please review to the BMO InvestorLine adviceDirect Fee Schedule

You’re charged an annual advisory fee, which is collected quarterly. Fees are billed in arrears, meaning each quarter’s fee is charged after that quarter has ended and is automatically withdrawn from your account.

The amount paid is based on your billable assets, calculated using the average of your end‑of‑day‑billable asset balances over the full quarter.

There are no additional trading commissions or excess trade charges for Stock, ETF, Fixed Income or Mutual Fund trades.

For full details on fees that may apply, please refer to the BMO InvestorLine adviceDirect Fee Schedule

Your billable assets include equities, fixed income, mutual funds and ETFs.

However, cash, money market funds and mutual funds that pay a trailer are not considered billable assets and are excluded from the fee calculation. Please note that Mutual Fund purchases may include trailer fees paid to BMOInvestorLine.

adviceDirect does not have trade limits or trade allotments. Stock, ETF, Fixed Income and Mutual Fund trades incur no additional trading commissions. Note: Fixed Income trades may be subject to a minimum purchase order. Mutual Fund trades may have trailer fees paid to BMO InvestorLine. Foreign exchange charges may apply where currency conversion is required.

Have more questions? Visit our FAQ page.