Question 1

Who is adviceDirect for?

Accepted Answer

adviceDirect is for you if you want investment advice and want to make your own final decisions. It might not be for you if you're an active trader, day trader or you use other frequent trading strategies.

Question 2

What is the minimum amount I need to open an adviceDirect account?

Accepted Answer

To open an adviceDirect account, you'll need a minimum deposit of $10,000. Your initial balance can be a deposit, transfer, or a combination of both. Several accounts can be linked, 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, the account will be reviewed and you may be asked to close your adviceDirect account if the account drops below the minimum for other reasons such as, withdrawals or transfers.

Question 3

How can I open an adviceDirect account?

Accepted Answer

You can open the following types of accounts with adviceDirect: Cash, Margin, RSP, RESP, TFSA, RRIF, PRIF, RLSP, LRIF, LIF, RLIF and LIRA. You can open the following types of accounts with adviceDirect: Cash, Margin, R S P, R E S P, T F S A, R R I F, P R I F, R L S P, L R I F, L I F, R L I F and L I R A. Get started any of the following ways: Complete an online application. Call us at 1-888-776-6886 between 8 a.m. and 6 p.m. (ET), Monday to Friday. Drop in to any BMO Bank of Montreal branch.Drop in to any B M O Bank of Montreal branch. Download and print an application, fill it in and drop it off at a BMO Bank of Montreal branch or mail it to:an application, fill it in and drop it off at a B M O Bank of Montreal branch or mail it to: BMO InvestorLine adviceDirectB M O InvestorLine adviceDirect Transit #3973 First Canadian Place 100 King St. W., Floor B1 Toronto, ON M5X 1H3

Question 4

How can I transfer accounts or investments from another account?

Accepted Answer

Just follow these three steps: Get the Authorization to Transfer Account form. Complete the Authorization to Transfer Account Form. The transfer form consists of three main sections: Account information section, transfer details section and applicant information section. Print and Submit the Authorization to Transfer Account form. Submit the form with a copy of your most recent statement from the transferring institution by: Fax: Toronto (416) 359-5607 Montreal (514) 877-8191 Note that some institutions may require original transfer forms. Credit unions, trust companies, foreign institutions and pension plans will not accept faxed copies. Mail: BMO InvestorLine adviceDirect B M O InvestorLine adviceDirect Transit #3973 First Canadian Place 100 King St. W., Floor B1 Toronto, ON M5X 1H3

Question 5

What are my investment recommendations based on?

Accepted Answer

Our team does all the research. Your recommendations are based on fundamental analysis from investment research leaders MarketGrader and Morningstar, for over 6,100 stocks, 3,000 mutual funds and 900 ETFs. You even get a preview of the impact on your portfolio before you trade.