Hinsdale’s BMO Private Bank has been serving Hinsdale and the surrounding suburbs for generations now and is committed to providing their clientele with robust financial planning capabilities. Clients work with their skilled Private Wealth Advisors to discuss various strategies and solutions that are tailored to meet their specific financial needs.
“Our goal is to demystify complex concepts so clients can decide what’s best for them,” says Kamiar Vossoughi, the Managing Director of the Hinsdale Market.
BMO’s wealth management services are wide ranging and all-encompassing. Hinsdale’s office offers investment management services, financial planning, standard and custom credit solutions, and trust administration resources to clientele. Their investment management clients usually engage them in the financial planning process. Through the planning analysis, BMO Private Bank helps clients optimally structure their global investment portfolio, plan for retirement, acquire aspirational assets, identify broader gaps in their finances, and plan to efficiently transfer their liquid and illiquid wealth on to the next generation or charity.
More than anything, the experts at Hinsdale’s BMO Private Bank office act as a resource to relay best practices to their clients. Vossoughi emphasizes that his team subscribes to the belief that they always need to respect the trust that their clients place in them. He adds, “Our clients have worked hard to obtain their wealth, so it is incumbent on us to make sure we are consistently bringing them our best ideas for their consideration.”
Vossoughi describes Hinsdale’s BMO Private Bank’s advisors as “objective money-managers.” They take an open architecture approach to managing clients’ wealth, meaning they aren’t limited to proprietary investments and always strive to identify the best investments for their clients, irrespective of the issuing firm. The office maintains an incredible financial planning discipline and clients have repeatedly seen the value that an integrated plan can bring in the efforts to maximize their wealth.
While BMO Private Bank is part of a large global financial institution, the Hinsdale office has a true connection to the town and community. Many of its employees live in or near Hinsdale and have personal ties to the community—that fact helps personalize the client experience and creates a small-town bank atmosphere.
“We have big bank resources but deliver boutique service,” says Vossoughi, who himself was born and raised in Hinsdale and lives there with his family now. “There’s a George Bailey-type of feel to it.”
Hinsdale’s BMO Private Bank is proud to serve the hardworking individuals and families of Hinsdale who are looking to responsibly grow their wealth. This objective currently extends into prepping their clients for the proposed federal tax law changes. Driven by communication and thoughtful leadership, BMO is putting together presentations for group seminars and conducting one-on-one discussions with clients to advise them on how to best navigate the proposed legislation in order to maximize their benefits.
In such a rapidly changing industry, Vossoughi cannot emphasize enough finding the right advisor for you and your finances.
“I think an advisor’s communication style is key. People should look to work with an advisor who communicates consistently in a relatable manner and takes pride in educating their clients,” he says. Vossoughi and his team are committed to remaining accessible to their clients, and acting as both a resource and financial coach, so they can bring about the maximum benefits to you, your family, and your finances at BMO Wealth.
BMO Private Banking’s Hinsdale office is located at 114 West First Street. For more information, contact Kamiar Vossoughi at [email protected] or call 630-920-6880.