Toronto-based Bank of Montreal’s U.S. wealth-management division has appointed Nick Paldrmic as president of CTC l myCFO, the wealth-advisory firm that serves ultra-high net-worth (UHNW) individuals, families and family offices in the U.S.
Paldrmic has served as interim UHNW leader for the past six months and will now continue to oversee the business strategy and growth for the BMO’s national U.S. UHNW practice. As part of the role, he will ensure the business’s sales strategy, practice management and customer experience efforts are unified in order to deliver an integrated offering across the U.S.
Paldrmic previously held the roles of regional president in Chicago and senior managing director for BMO Private Bank, a part of BMO Wealth Management U.S. He joined the organization in 2010 and is a chartered financial analyst and certified financial planner with more than 20 years of experience in the financial services sector.
“CTC | myCFO is a critical part of our business and will continue to play an important role in our future growth in the U.S. and globally,” said Darrel Hackett, president of BMO Wealth Management U.S. “Nick brings a relentless passion for understanding the uniqueness of each of our clients and ensuring that we authentically provide expert advice that is customized to their situation.”
In addition, the firm has also appointed Michael D. Finan as managing director of investment advisory services. Finan joined the organization in 1998 and has more than 23 years of experience in the financial services sector.
As part of his new role, Finan is responsible for overseeing the delivery of integrated investment advice and client service and a series of multi-manager funds’ portfolios, which are available to private placement variable life and variable annuity insurance policy holders.