BMO InvestorLine is the only Big-Six broker that bundles BOTH a self-directed platform AND a semi-managed "adviceDirect" service in the same login. Switch modes anytime. Free trades on 80+ BMO ETFs make the math work even at $9.95 per equity trade.
Pick your own stocks, ETFs, mutual funds. Standard $9.95 commission. Free trades on 80+ BMO ETFs. Active-trader pricing kicks in at $3.95 after 150 trades/qtr.
BMO's algorithm tracks your portfolio against a target allocation. You still execute trades — but BMO emails when you drift, suggests rebalances, and connects you to an advisor by appointment if needed.
Every BMO-branded ETF trades commission-free on InvestorLine. The 80+ list includes the lowest-MER S&P 500 ETF in Canada (ZSP at 0.08%) and the most popular one-ticket portfolios. A buy-and-hold investor using BMO ETFs pays $0 lifetime.
Free trades + free MER (none from broker)
$0 trades on BMO ETFs · $0 maintenance for $25K+
120 monthly trades × $9.99 = $1,199 over 10 yrs
Most Canadians never realize that BMO InvestorLine + BMO ETFs is functionally free. Add the adviceDirect option for when life gets complex (inheritance, retirement runway), and you have a broker that grows with you. The only Big-Six that doesn't force you to switch accounts as your needs change.