Hilly Cutler is Director, Portfolio Consulting and Senior Portfolio Consultant at BMO Global Asset Management (GAM). Leveraging over 25 years of industry experience, he is responsible for supporting investment advisors by helping them develop customized portfolio solutions primarily through asset allocation and risk analysis across a variety of asset classes and product structures. His experience using both active and passive mandates brings valuable insight and perspective in the areas of asset allocation and portfolio construction. Prior to joining BMO GAM in 2025, Hilly spent over a decade and a half with Franklin Templeton Canada, Vanguard Canada and Mackenzie Investments in similar senior roles, supporting portfolio consulting efforts across Canada and product management. He began his investment career in 1998 at Invesco Canada. Mr. Cutler earned his Bachelor of Commerce degree with a major in Finance and a minor in Accounting from Concordia University and his Master of Business Administration from Drexel LeBow University. He is a Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) charterholder. Hilly has also completed the Canadian Securities Course (CSC) and has received the following designations from the Canadian Securities Institute (CSI): Fellow of CSI (FCSI), Chartered Investment Manager (CIM) and Derivatives Market Specialist (DMS).
Defence isn’t one-size-fits-all. Low vol, buffer and dividend ETF strategies can reshape risk and return profiles, and help steady clients’ nerves when markets test conviction.
Understanding how ETF liquidity works can help investors and Advisors execute trades more efficiently, avoid common pitfalls and deliver better outcomes for clients. Below, we debunk myths on true liquidity and share best practices — from spreads and execution timing to block trades and price deviations.
From shifting macro regimes to growing stagflation risks, the investment landscape continues to change. In this episode, special guest Bipan Rai and hosts Zayla Saunders and Hilly Cutler discuss central bank divergence, the evolving role of commodities, and what it all means for portfolio construction and positioning in the year ahead. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM). She is joined by Hilly Cutler, Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM and Bipan Rai, Head of ETF Strategy, Exchange Traded Funds at BMO GAM. This episode was recorded live on Thursday, April 9, 2026.