BMO has partnered with financial planning software provider Conquest Planning to introduce ‘My Financial Progress’, a new digital tool designed to help Canadians better manage and understand their finances. This feature is now accessible through BMO’s Mobile and Online Banking platforms and leverages Conquest’s advanced technology to deliver personalized financial guidance that adapts in real time.

At the center of this initiative is Conquest’s Strategic Advice Manager (SAM), a proprietary engine that simulates various financial scenarios to generate tailored strategies. SAM simplifies complex financial data and transforms it into straightforward, actionable insights, helping users make smarter decisions that align with both immediate priorities and long-term goals. By removing the guesswork from financial planning, this tool supports Canadians in every stage of life with relevant and adaptive recommendations.

Gayle Ramsay, Head of Everyday Banking, Segment & Customer Growth at BMO, emphasized the bank’s commitment to helping clients achieve meaningful financial progress. She highlighted how the collaboration with Conquest reflects BMO’s mission to meet customers wherever they are on their financial journey. With *My Financial Progress*, users gain a clearer understanding of their overall financial picture, along with customized tools to set goals and make informed choices with confidence.

This innovative feature provides an engaging and interactive experience that allows users to assess gaps in their plans, explore new opportunities, and recognize potential risks. It updates financial goals and plan health in real time, using visuals that adjust based on strategic shifts or life events. The dynamic nature of the platform ensures that recommendations evolve alongside the user’s circumstances, offering continuous support as financial situations change.

President and CEO of Conquest Planning Mark Evans said he was thrilled about the collaboration. He noted that this collaboration with BMO represents a major step forward in Conquest’s mission to democratize access to personalized financial advice. By integrating their technology into BMO’s digital ecosystem, the goal is to empower Canadians to take control of their financial future through informed and confident decision-making.