News Releases
Harris Private Bank Launches New D
iversified Income Strategy
Provides reliable income source with potential for asset growth
CHICAGO, June 19, 2007 – Harris Private Bank is pleased to announce the launch of a unique investment vehicle that provides an additional source of income to investors with the potential to simultaneously grow assets, all while maintaining risk parameters that are usually seen in products with a capital preservation mandate.
"We've created a new investment opportunity that offers the security of a blended basket with the income of a bond portfolio and the potential for asset growth," said Jack Ablin, chief investment officer, Harris Private Bank. "It is very exciting to be the first in our industry to bring this offer to our clients."
Using proprietary analysis and market insight, the Diversified Income Strategy uses a diversified blend of securities with low correlations to each other to provide both income and the potential for asset growth. It was developed for high net worth individuals and is available only through Harris Private Bank.
About Harris
Harris Private Bank is part of Harris, an integrated financial service organization
providing more than 1 million personal, business and corporate clients with
banking, lending, investing and wealth management solutions. The organization
is a member of the BMO Financial Group (NYSE, TSX: BMO), which also provides
corporate and investment banking services in the U.S. under the BMO Capital
Markets name.
Harris® is a trade name used by various financial service subsidiaries of Harris Financial Corp. Banking products and services are provided by Harris N.A., The Harris Bank, N.A. and their bank affiliates.
CONTACTS:
Laura Hunter(312) 461-6970