10:48 AM EST - Bank of Montreal : Says its InvestorLine is bringing personalized advice and support to even more Canadian online investors through expanded access to adviceDirect, through updates effective October 1. Updates to adviceDirect include: Reducing Minimum Balance: Lower the minimum investment balance requirement to $10,000 from $50,000 to bring the platform and service to a broader segment of investors. Changes to Advice Fee Structure: The $750 minimum annual fee has been eliminated and investors will simply pay the standard 0.75 per cent fee on their billable assets, to a maximum annual advisory fee of $3,750 – On a $10,000 account, this equates to $75 annually. Bank of Montreal.
shares T.BMO are trading up $1.11 at $127.89.
