Hilly Cutler
Director, Portfolio Consulting
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).
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Current Podcasts
Most equity strategies focus on finding winners — but what if you could also benefit when certain stocks decline? In this episode, hosts Zayla Saunders and Hilly Cutler are joined by Sachal Mahajan and Yasser El Boudi, who pull back the curtain on long-short strategies: how they work, and how they’ve held up through some of the biggest market drawdowns of the past three years. Zayla Saunders, Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM), and Hilly Cutler, Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM, are joined by Sachal Mahajan, Director and Portfolio Manager, Disciplined Equities, and Yasser El Boudi, Associate Client Portfolio Manager, ETFs, both of BMO GAM. This episode was recorded live on Friday, October 23, 2026.
What did markets earn over the summer — and what does the back-to-school season mean for investors? In this episode, host Hilly Cutler sits down with Matt Montemurro to assess how equities, bonds, and commodities performed over the past few months, where ETF flows are heading, and what key themes — from Fed rate decisions to the AI trade and upcoming mega IPOs — could shape the final quarter of 2026. Hilly Cutler is Director of Portfolio Consulting and Senior Portfolio Consultant at BMO Global Asset Management (BMO GAM) and Matt Montemurro is Head of Fixed Income and Equity Index ETFs at BMO GAM. This episode was recorded live on Monday, September 14, 2026.
In this encore episode, Darim Abdullah joins hosts Zayla Saunders and Hilly Cutler to examine the differences in U.S. equity exposure — from the concentration risks of market-cap-weighted indices to how equal weighting can broaden a portfolio’s return drivers and reduce reliance on a handful of mega-cap names. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM) and Hilly Cutler is Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. They are joined by Darim Abdullah, Director of ETFs and Portfolio Consulting at BMO GAM. This episode was recorded live on June 1, 2026.
From chasing last year’s winners to sitting in cash too long, small decisions can work against long-term results. Zayla Saunders, Hilly Cutler and Erika Toth break down common ETF investing mistakes and practical ways to avoid them. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM). She is joined by Erika Toth, Director and Head of ETF and Portfolio Consulting at BMO GAM, and Hilly Cutler, Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. The episode was recorded live on Monday, August 31, 2026.
What’s the difference between yield and distribution rate — and why does it matter? In this episode, hosts Zayla Saunders and Hilly Cutler sit down with Kiran Navaratnam to unpack how covered call strategies generate yield, how that yield differs from what a fund actually distributes, and why total return can provide a more complete picture than headline numbers alone. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM) and Hilly Cutler is Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. They are joined by Kiran Navaratnam, Non-Linear Solutions Vice President & Portfolio Manager at BMO GAM. This episode was recorded live on Monday, August 24, 2026.
Two ETFs can track the same asset class and still deliver very different results. In this episode, hosts Hilly Cutler and Zayla Saunders unpack how major indices—from the S&P 500 and Russell to MSCI and FTSE—are actually constructed, the different methodologies at play, and how they shape portfolio construction, from large-cap overlap to overlooked emerging market exposure. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM) and Hilly Cutler is Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. This episode was recorded live on Monday, August 10, 2026.