This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

BOK Financial To Acquire GTRUST Financial Corporation

BOK Financial Corporation announced today that it has entered into an agreement to acquire GTRUST Financial Corporation, a Topeka, Kansas-based independent trust and asset management company. This acquisition will increase BOK Financial’s assets under management or custody by $600 million and expand the company’s capabilities and presence in the Kansas market. Terms of the transaction were not disclosed.

Founded in 1991, GTRUST provides a range of financial services for its clients including asset and risk management, tax planning, fee-only financial planning, debt management, estate planning and charitable/social capital strategy.

As BOK Financial’s first acquisition of a fee-only financial planner, GTRUST provides a new wealth management capability that can be leveraged across the company’s entire geographic footprint.

“Wealth management is an important growth business for us, and we look forward to having GTRUST under the BOK Financial umbrella,” said Steve Bradshaw, senior executive vice president for BOK Financial. “We believe that this acquisition provides us with new wealth management products and expertise, a talented and creative team of wealth management entrepreneurs who have built and grown a successful business, and an expanded presence in the important Kansas market. It is also a win/win, as the talented team at GTRUST now has the entire portfolio of BOK Financial products and services to provide to its clients in more than 25 states.”

“Our acquisition of The Milestone Group last year was very successful. Milestone has seen its discretionary assets expand by 19 percent in just over a year as part of our company,” said Bradshaw. “Our goal is to replicate that success with GTRUST and continue to build our wealth management platform going forward.”

“BOK Financial was a natural fit for us, as the two organizations share a common philosophy and approach to wealth management based on putting the client’s needs front-and-center in our respective planning processes,” said Daryl Craft, president and CEO of GTRUST Financial Corporation. “With BOK Financial’s fiscal strength, breadth of services, and marketing know-how supporting our business, we believe we can provide our clients with an even more comprehensive suite of products and services to support their overall financial needs.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,242.32 +109.62 0.60%
S&P 500 2,112.34 +7.84 0.37%
NASDAQ 4,994.0620 +30.5350 0.62%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs