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BMO Wealth Management U.S. Partners with Fintech Startup

Genivity was one of three winners of last year’s BMO Harris/1871 FinTech Partnership program


CHICAGO, IL, August 7, 2018 BMO Wealth Management today announced its partnership with Genivity, a Chicago-based fintech startup and A.I. software platform that helps advisors engage clients through life stage, health risk and elder care cost planning.

Genivity’s platform uses HALO (Health Analysis and Longevity Optimizer), a self-guided assessment which collects information to personalize longevity and health care cost projections related to each person’s unique lifestyle. With the assessment, advisors are better equipped to have important health care discussions with clients and estimate future long term health care costs. BMO Wealth Management’s U.S. business has agreed to pilot the platform with clients in the Hinsdale and Barrington suburbs of Chicago and in Florida’s Sarasota and Naples markets.

“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.”

Genivity was one of three winners in last year’s BMO Harris/1871 FinTech Partnership program. BMO paired the Genivity team with executives in BMO Private Bank who were equipped to help move their value proposition forward. The collaboration during the mentorship period created a valuable opportunity to explore further partnership opportunities.

“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,” said Steve Williams, Senior Vice President of Wealth Planning, BMO Wealth Management (U.S.). “I truly enjoyed mentoring the Genivity team and look forward to continuing our partnership with them.”

BMO is 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. The BMO Harris/1871 Innovation mentorship program is currently in its second year working with a new cohort of startups to find the correct partnerships that fit with BMO’s digital priorities.

"Our mission is to make sure that no one runs out of money in retirement due to health and elder care costs," said Heather Holmes, founder and CEO of Genivity. “It is great to know BMO shares our values and passion for expanding the conversation to the next generation around the topic that matters most to them, the health and wellbeing of their loved ones.”


About BMO Wealth Management U.S.

BMO Wealth Management serves mass affluent, high net worth and ultra-high net worth individuals and families with a full suite of wealth management solutions including wealth planning, banking and borrowing, investment management, retirement planning, trust and estate services, philanthropy, insurance and risk management, tax planning and ultra-high net worth services. With over 140 offices across 16 states and international offices in Canada, Hong Kong, and Singapore, BMO Wealth Management provides guidance and planning advice combined with individualized service and local experience. As of April 30, 2018, BMO Wealth Management had assets under management of US$47 billion and assets under administration of US$79 billion. BMO Wealth Management is supported by the resources and stability of one of North America’s premier financial services organizations—BMO Financial Group. Visit

BMO Wealth Management is a brand name that refers to BMO Harris Bank N.A. and a number of its affiliates. BMO Harris Bank N.A. and its affiliates do not provide tax or legal advice to clients; these matters should be discussed with the appropriate tax or legal advisor.


About Genivity

Genivity is an award winning A.I. SaaS platform helping financial professionals and their clients understand, impact, and protect their financial future from the #1 threat to retirement savings: health and elder care costs. The Genivity HALO (Health Analysis & Longevity Optimizer) personalizes longevity, health, & elder care costs in retirement, giving clients unique insights into their future needs & arming their advisors with better information to protect their plan. Founded by a team of health care professionals with backgrounds in computational genetics, data science, and market development, Genivity provides leading financial institutions with data-driven insights to inform decision making and drive business growth across the household. To learn more, visit

For further information: Emily Penate, Chicago,, (312) 461-7956