BMO Private Banking, a division of BMO Wealth Management, is offering an all-in-one financial services package to people aged 65 and over who have $1 million or more in investible assets.

The program, called BMO Continuity, provides a number of services to meet the needs of seniors. The package includes investment management, cash management and bill payments, private banking services, powers of attorney for property, estate settlement, and wealth transfers. BMO Continuity will also facilitate tax preparation for clients and offer a number of lifestyle benefits, such concierge services and health and wellness solutions.

BMO notes that, according to Statistics Canada, there are currently more than 5.3 million people in Canada aged 65 or older and they account for about 15% of the total population. By 2061, research suggests there will be more than 78,000 Canadians over the age of 100.

"More and more of us are living longer, which is good news. However, this also means that many of us may eventually reach a point where we need the assistance of others," comments Gord Graves, Vice President and National Director of Trust and Estate Services at BMO Private Banking. "Continuity links your financial care and management to your personal health at every stage of your life ensuring you have a wealth plan that works for you now and later on - whatever may happen."