John Benevides, the new president of Harris myCFO -- one of the country’s largest multi-family offices -- has been put in charge of all BMO Harris’ UHNW businesses, which include Harris myCFO, CTC Consulting, Cedar Street Advisors and the ultra-wealth division of BMO Private Bank. Combined assets under administration for the businesses will total around $54 billion, Benevides said.

A rebranding of the businesses is likely, Benevides told Financial Planning, as he “actively works” to unify the UHNW group. “It makes sense,” he said. “We’re one team and we want to leverage the strength each unit brings to the table in a way that gives us greater depth in all categories.”

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