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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

BOK Financial Announces Acquisition Of MBM Advisors

Stocks in this article: BOKF

BOK Financial Corporation (NASDAQ: BOKF) today announced that it has entered into an agreement to acquire MBM Advisors, a Houston-based independent, full service retirement and pension plan investment firm and SEC registered investment adviser. The acquisition will increase BOK Financial’s retirement and individual assets under management by $1.25 billion and expand the company’s wealth management capabilities, as well as its presence in Houston. Terms of the transaction were not disclosed.

Founded in 1966, MBM Advisors specializes in managing all aspects of their clients’ employee retirement and pension plans, including providing investment advisory services as an ERISA 3(38) Fiduciary, plan design, plan compliance, recordkeeping and actuarial services. MBM Advisors has clients in 15 states, including those in which BOK Financial already has a full service banking presence.

BOK Financial has been in the retirement plan business more than 58 years, specializing in providing expert guidance to employers on plan design, plan administration, plan compliance, as well as investment advisory services. The corporation serves 430 retirement plans with $5.6 billion in assets and 70,000 plan participants. MBM Advisors adds 222 plans, $1.1 billion in plan assets and 16,000 plan participants.

This marks BOK Financial’s third wealth management acquisition in the past 18 months. It acquired the Denver-based registered investment adviser, The Milestone Group, in late 2012 and recently announced the completion of its acquisition of Kansas-based trust and asset management company, GTRUST Financial Corporation.

“BOK Financial is highly motivated to continue expanding our geographic and product reach in the wealth management space,” said Scott Grauer, executive vice president for Wealth Management at BOK Financial. “This transaction fits with our strategy to acquire companies that have built a differentiated business model and a strong base of clients within our footprint. With MBM Advisors, we will be able to grow our turnkey approach to retirement plan services to small and midsized businesses throughout our market territory, while strengthening our wealth management team in the important Houston market.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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