BMO clients will have access to Conquest’s planning platform, enabling the creation of hyper-personalized plans that evolve in real-time
Conquest Planning, a technology platform modernizing planning with customized and convenient advice, announced a strategic partnership with BMO. Together, the firms have built My Financial Progress, a digital, self-serve experience available in the bank’s Mobile Banking app and Online Banking platform to help BMO’s clients take control of their financial journey.
My Financial Progress makes it easier for clients to shape their financial future by providing them with a clear view of their financial picture, along with personalized goal-setting tools and tailored recommendations to help them make informed decisions.
BMO’s My Financial Progress leverages Conquest’s proprietary planning technology to help users set financial goals, monitor their progress and build a comprehensive snapshot of their financial health. At the centre of this partnership is Conquest’s Strategic Advice Manager (“SAM”). SAM models financial scenarios and suggests optimized strategies that balance the client’s immediate needs with their long-term goals. By handling complex calculations and clearly explaining recommendations, SAM empowers informed decision-making for clients in all phases of life.
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“Driven by its commitment to help Canadians make real financial progress, BMO is excited to collaborate with Conquest to meet clients wherever they are in their planning journey,” said Gayle Ramsay, Head of Everyday Banking, Segment & Customer Growth at BMO. “My Financial Progress makes it easier for clients to shape their financial future by providing them with a clear view of their financial picture, along with personalized goal-setting tools and tailored recommendations to help them make informed decisions. By offering this kind of digital support, we’re empowering them to plan for life’s next milestones with greater confidence and ease.”
As part of My Financial Progress, BMO clients will benefit from interactive planning features that identify gaps, opportunities and risks within their plans—offering proactive recommendations to help sustain progress and optimize strategies. Users can easily see how different strategies impact each goal and their overall plan, with automatically updated visuals that highlight goal and plan health. As life events unfold, plans will adjust in real time, presenting alternative paths to help clients stay confident and prepared for whatever the future brings.
“At Conquest Planning, our mission has always been to make personalized financial advice accessible to all, regardless of their background or financial situation. With the launch of My Financial Progress in partnership with BMO, we are thrilled to bring this vision to life on a larger scale,” said Mark Evans, President and Chief Executive Officer at Conquest Planning. “By leveraging our cutting-edge technology to help individuals take control of their financial futures with confidence, BMO is empowering Canadians to navigate their financial journeys and make informed decisions every step of the way.”
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