What is the minimum deposit required to open an adviceDirect account?

You will need a minimum deposit of $10,000 to open an adviceDirect account, which can be made through a deposit, transfer or a combination of both. You can also link several accounts, 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, you may be asked to close your adviceDirect account if the account drops below the minimum for other reasons such as, withdrawals or transfers.

How are the fees calculated for adviceDirect?

Unlike traditional online brokerages, you pay an advisory fee instead of commissions. Fees are assigned as a percentage of your total billable assets, calculated based on the average amount of assets in your account(s) on the last business day of the past three months. Clients are billed in arrears every quarter. Please refer to our adviceDirect Fee Schedule & Trade Guide for more information.

How am I charged for adviceDirect?

No surprises here. You are charged an all-inclusive annual fee that is charged quarterly. This fee covers the cost of your investment services and tools, so you know exactly how much you’re paying upfront. The annual fee may be tax-deductible in non-registered accounts (clients are urged to seek the advice of a tax accountant to determine eligibility).

What are billable assets?

Your billable assets include equities, fixed income, mutual funds and ETFs. However, cash, money market funds and mutual funds that pay a trailer are not considered billable assets and are excluded from the fee calculation. Please note that Mutual Fund purchases may include trailer fees paid to BMO InvestorLine.

What happens if I exceed the included trades?

You aren’t limited by your included trades. If you do exceed your annual trade limit, you may be subject to an additional charge of $7.95 per trade, based on the currency of your account. Please note that excess trade charges are not subject to GST and are treated as commissions for tax purposes. For more info, please refer to the adviceDirect Fee Schedule & Trade Guide.

adviceDirect pricing

Special offer:

Get up to $3,500 cash back.^*

Get cash back up to $3,500 cash back when you invest online with adviceDirect.footnote, asterisk

Offer tiers table
You invest:	You get:
$10,000 - $24,999	$300
$25,000 - $99,999	$400
$100,000 - $249,999	$500
$250,000 - $499,999	$600
$500,000 - $999,999	$1,050
$1,000,000 - $1,499,999	$2,050
$1,500,000+	$3,500

Plus, get an additional $50 if you’re an existing BMO customer^*.

Open an account

Use Promo Code: ADCASH

Offer available to new BMO InvestorLine clients who open and fund their first account. See terms and conditions for complete details.

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Investing over $500,000?

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What does BMO InvestorLine adviceDirect cost?

Fees as low as 0.10% of billable assets for portfolios $5MM or greater.

0.50%

per year

On of
$10,000 < $1MM

0.30%

per year

On of
$1MM < $5MM

0.10%

per year

On of
$5MM or greater

The more assets you have, the lower your fee.

You’ll need a minimum balance of $10,000 to open an account.

Access the full adviceDirect Fee Schedule & Trade Guide for more info.

Elevate your investing strategies with the right tools and expert guidance

With one all-inclusive fee, you’ll get:

Savings & Value

Unlimited trades^† for portfolios with total assets of $1 million and higher
Competitive rates on GICs and HISAs
Bond purchases with commission covered under your annual fee (when held until maturity).
Personalized advice and no advisory fees on A-series mutual funds.

Tools & Research

Seamless equity, mutual fund and fixed income trading
Continuous portfolio monitoring for real-time opportunity assessments and risk mitigation
Proactive notifications & alerts, and access to real-time quotes
Comprehensive third-party investment research
Environmental, social and governance (ESG) insights to build a more sustainable portfolio

Learn about myadvice

Support

Direct access to dedicated advisor support
Thorough assessment of your investment objectives
Personalized buy/sell/hold recommendations
An annual portfolio review
Consultation calls for other financial needs

Ready to open an account?

Open an account 1-888-776-6886

Our platform is flexible to fit your portfolio

adviceDirect Preview

Preview some of adviceDirect’s powerful tools or watch your favourite stocks for free.

adviceDirect

Personalized advice and advisor support, but you make the trades.

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adviceDirect Premium

If you have over $500,000 in billable assets, you’ll have access to our dedicated advisory team at no additional cost.

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Self-Directed

Get helpful tips, tools, and competitive online trading rates at our easy-to-use online trading platform.

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adviceDirect FAQs

You will need a minimum deposit of $10,000 to open an adviceDirect account, which can be made through a deposit, transfer or a combination of both. You can also link several accounts, 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, you may be asked to close your adviceDirect account if the account drops below the minimum for other reasons such as, withdrawals or transfers.
Unlike traditional brokerages, with BMO InvestorLine adviceDirect, you pay an advisory fee instead of commissions.
Fees are assigned as a percentage of your total billable assets, calculated based on the average amount of assets in your account(s) on the last business day of the past three months. Clients are billed in arrears every quarter.
The more assets you have, the lower your fee:
- 0.50% per year on billable assets of $10,000 < $1MM
- 0.30% per year on billable assets of $1MM < $5MM
- 0.10% per year on billable assets of $5MM or greater
Please refer to our adviceDirect Fee Schedule & Trade Guide for more information.

Have more questions? Visit our FAQ page.

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1-416-355-8366 International (Collect call)

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