SalvorHardin wrote:Two good things about Bank of Montreal.
I hold my Foreign & Colonial shares solely through BMO's monthly savings plan. I'm also a Bank of Montreal shareholder
To be clear, I was joking when I maligned BMO. If I really had any concerns I would also avoid FCIT rather than increasing my holding. They do after all manage that investment trust.
Regarding FCIT being well diversified, it IS. However some of us wish less diversification or to increase our holdings in certain areas. Or possibly to be less reliant upon US tech stocks. FCIT is over 50% US invested and six of it's top 10 holdings are tech stocks.
I hold both FCIT and BGSC managed by BMO. I could do so with one of their accounts. However I also own SMT and PHI, which I could not as they are run by Baillie Gifford. I would have to have more than one account.... which in fact I do. However where possible I avoid accounts that restrict me to in-house funds/trusts.
Ps, before anyone point's it out, SMT is NOT well diversified and has a VERY significant holding in one US tech stock. Those facts are reasons either to avoid or to invest, depending upon your view.