Newsbits


BANK OF MONTREAL OPENS INVESTORE IN THE LOWER MAINLAND - NEW RETAIL CENTRE OFFERING INVESTMENT ADVICE
(Canada Newswire; 08/11/98)


 RICHMOND, B.C., Aug. 11 /CNW/ - Richmond is the site of Bank  of Montreal's 
 new investore, an innovative full-service store that  offers customers money 
 management products and services in a unique  retail environment. 

    "The investore is a place where people can learn how to make  the most of 
 their money in a relaxed atmosphere," said Terry  Jackson, Executive Vice-
 President, Asset Management Services, Bank  of Montreal. "We speak to customers 
 in everyday language, avoiding  the jargon of the investment industry."

    Located in the Richmond Centre, investore is the first retail  investment 
 shop of its kind in British Columbia. investore includes  a resource centre 
 with financial planning books, newspapers and  magazines offering money 
 management advice. Consumers can also use  interactive, touch-screen kiosks to 
 determine their investment  needs or use the internet to access information. 

    "Having grown up in BC and worked in the banking industry for  many years, I 
 welcome the new investore which demystifies the world  of money management. Its 
 convenient mall location and hours of  operation make it accessible to the 
 entire community," said Bob  McGlashan, Senior Vice-President, British Columbia 
 Division, Bank  of Montreal. 

    Customers entering investore are greeted by a bilingual store  manager, 
 fluent in both English and Cantonese. Other investore  staff include an 
 investment specialist, representatives from  InvestorLine, a discount brokerage 
 service and a First Canadian  mutual fund specialist. Nesbitt Burns investment 
 advisors are also  on site for customers who require a full service brokerage 
 for  their investment. Representatives from The Trust Company of Bank of  
 Montreal and Jones Heward are also available. 

    "investore is designed to help people feel comfortable and  confident about 
 managing their money. It provides one-stop shopping  for investment products 
 and services and helps investors make  informed decisions about their finances" 
 said Alan Manzie,  Vice-President, Director and Divisional Manager Nesbitt 
 Burns,  British Columbia. 

    At the official opening today, it was also announced that  investore will 
 offer a My Money Investment Club for camp groups and  school children. The My 
 Money Investment Club is designed to teach  kids the basics of money management 
 in a fun and entertaining way.  The investore will also provide a meeting space 
 to independent  investment clubs looking for a new environment to meet and 
 discuss  money management. The My Money kids club sessions and meeting space  
 for investment clubs can be booked by calling 604-668-1233. 

    In addition to the new investore at Richmond Centre, Bank of  Montreal's 
 investore mobile has also been visiting communities and  businesses throughout 
 British Columbia and the rest of Canada.  investore mobile is a money 
 management store on wheels which offers  a full range of investment products 
 and services. 

    Other investore locations currently include Calgary, London,  Hamilton and 
 Toronto. Plans are underway to open more investores  across Canada. 

    investore is the latest concept from Bank of Montreal's North  American 
 Asset Management group which combines the bank's full  range of mutual fund and 
 institutional asset management services in  Canada and the United States with 
 total assets of $38 billion. The  group includes First Canadian Funds, 
 InvestorLine, Jones Heward  Investments Inc., The Trust Company of Bank of 
 Montreal, Harris  Investment Management Inc and Harris Insight Funds.




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T: +44 (0)1672 511 094
F: +44 (0)1672 511 078
E: Tim@netshift.com
W: www.netshift.com

Thanks Tim!


Thanks Kinetic!

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