Bank of Montreal is targeting older wealthy individuals living in Canada with a one-stop program.

BMO Private Banking, part of BMO Wealth Management, has launched an “all-in-one” service for high net worth individuals who are entering their golden years.

The services provided by BMO Continuity address the changing financial and non-financial needs as one ages, including: investment management; cash management and bill payment; private banking services; power of attorney for property; estate settlement/wealth transfer; tax preparation; and lifestyle services such as concierge.

According to Statistics Canada, there are some 5.3 million people in Canada aged 65 or older, accounting for about 15.3 per cent of the total population. By 2061, it is estimated that there will be more than 78,000 people over the age of 100 living in Canada.

All services offered through BMO Continuity are available for a bundled fee, which is based on the size and complexity of one's estate.