Waddell & Reed, Inc., one of the oldest financial planning and investment management firms in the country, has partnered with BOK Financial Corporation (NASDAQ: BOKF) to expand the advisor-friendly trust services available to its clients. For more than 75 years, Waddell & Reed has offered comprehensive financial planning and investment management guidance, and now can enhance client financial plans with the diverse trust solutions of BOK Financial, a $27 billion regional financial holding company.
The partnership allows certain Waddell & Reed financial advisors to further meet a variety of client needs by providing objective trust solutions, including personal trusts, charitable and philanthropic trust administration, special needs trusts, court created trusts, account settlement and administration, executor or co-executor management and probate management.
“We’re pleased to partner with BOK Financial to provide enhanced trust services to compliment the diverse range of investment and insurance products we offer our clients to help them meet their personal financial planning needs,” said George A. Fernandez, assistant vice president, Financial Planning Services for Waddell & Reed, Inc.
More than 130 trust administrative officers will be available to Waddell & Reed advisors for unmatched personal service. BOK Financial’s team of trust experts average 20 years of corporate trust experience each.“As professional advisors, we know Waddell & Reed works closely with clients to create a solid financial foundation,” explained Rosemary Hueser, vice president and manager of Advisor Trust Services for BOK Financial. “Our trust officers will enhance their client relationships by providing objective trust solutions that integrate well with a comprehensive financial plan.” Founded in 1937, Waddell & Reed, Inc. provides financial planning services to clients throughout the United States through its network of nearly 1,800 financial advisors. Waddell & Reed, Inc. also serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios, Inc. and InvestEd Portfolios, Inc. It is a subsidiary of Waddell & Reed Financial, Inc. (NYSE: WDR), which had approximately $114 billion in total assets under management at Sept. 30, 2013. Waddell & Reed Financial, Inc. and Waddell & Reed, Inc. are not related to or affiliated with BOK Financial.
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