BMO and Conquest launch digital financial planning tool

July 23, 2025

BMO has joined forces with financial planning software company Conquest Planning to launch My Financial Progress, a new digital experience designed to help Canadians take greater control of their finances.

Available via BMO’s Mobile and Online Banking platforms, My Financial Progress is powered by Conquest’s advanced planning engine and aims to provide users with hyper-personalised financial plans that update dynamically in real time.

At the core of this collaboration is Conquest’s proprietary Strategic Advice Manager (SAM), a powerful tool that models a variety of financial scenarios and suggests strategies that align with both short-term needs and long-term aspirations. SAM takes on the complexity of financial calculations and translates insights into clear, actionable guidance that enables smarter decision-making at every stage of life.

BMO head of everyday banking, segment & customer growth Gayle Ramsay said, “Driven by its commitment to help Canadians make real financial progress, BMO is excited to collaborate with Conquest to meet clients wherever they are in their planning journey.

“My Financial Progress makes it easier for clients to shape their financial future by providing them with a clear view of their financial picture, along with personalized goal-setting tools and tailored recommendations to help them make informed decisions. By offering this kind of digital support, we’re empowering them to plan for life’s next milestones with greater confidence and ease.”

The new feature delivers a fully interactive experience, enabling clients to identify gaps, spot opportunities and uncover risks within their financial plans. It offers real-time updates to financial goals and overall plan health, complete with visuals that reflect changes in strategy or life circumstances. The tool helps users understand the impact of various approaches and automatically recalibrates recommendations as their situation evolves.

Conquest Planning president and CEO Mark Evans said, “At Conquest Planning, our mission has always been to make personalized financial advice accessible to all, regardless of their background or financial situation. With the launch of My Financial Progress in partnership with BMO, we are thrilled to bring this vision to life on a larger scale.

“By leveraging our cutting-edge technology to help individuals take control of their financial futures with confidence, BMO is empowering Canadians to navigate their financial journeys and make informed decisions every step of the way.”