Grauer says that the timing is especially prime for expanding retirement planning services, considering the generation of aging baby boomers in the country retiring or planning for retirement. That, coupled with the continued pressures on businesses to provide retirement benefits within a constantly changing regulatory environment, mean the one-source services MBM Advisors brings to BOK Financial will be highly valuable.“I have watched the retirement plan service model evolve over the past fifteen years,” said Lindsey Black, CEO of MBM Advisors. “A core element of MBM Advisors has always been to anticipate and exceed our client’s expectations. I am therefore very excited about our merger with BOK Financial as it will assure our clients will continue to benefit from our enhanced commitment to innovation, and expanded services and features in an effective delivery model.” JoAnn Schaub, senior vice president for Institutional Wealth at BOK Financial, said the caliber of staff at MBM Advisors was a key selling point in this deal. “MBM Advisors brings to BOK Financial extremely experienced and well-respected professionals who share our commitment for providing high-touch, responsive retirement plan services in a consultative manner,” said Schaub. “MBM’s clients will find BOK Financial’s approach to be very familiar and consistent with that of MBM Advisors, but with the added benefits of a full service wealth management and banking organization. Clients of MBM Advisors will continue to work with their current dedicated team, and will now have access to the full range of products and services provided by BOK Financial, including trustee services, institutional asset custody, mineral and real property management, private wealth management, rollover assistance, estate planning, corporate banking and more. The staff at MBM Advisors will work closely with BOK Financial’s local market subsidiary, Bank of Texas, to maximize client, technology and employee resources. MBM Advisors will also maintain their investment relationship with Charles Schwab following the acquisition.
BOK Financial has full service banking in Houston, Dallas and Fort Worth through its market bank subsidiary, Bank of Texas, as well as stand-alone wealth management and mortgage offices in Austin, El Paso, San Antonio.The acquisition is expected to close in the second quarter of 2014. Frederic Dorwart, Lawyers served as legal counsel to BOK Financial. Steven Gordon of Lipnick & Gordon, Co., served as legal counsel to MBM Advisors. Dan Bass with Performance Trust Capital Partners served as financial advisor to MBM Advisors. About BOK Financial Corporation BOK Financial Corporation is a $27 billion regional financial services company based in Tulsa, Okla. The company's stock is publicly traded on NASDAQ under the Global Select market listings (symbol: BOKF). BOK Financial's holdings include BOKF, NA, BOSC, Inc. and The Milestone Group, Inc. BOKF, NA operates the TransFund, Cavanal Hill Investment Management and seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust. Through its subsidiaries, the company provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com. About MBM Advisors MBM Advisors was founded in 1966 in Houston, Texas. MBM serves as a Registered Investment Advisor for both retirement plans and individual clients with $1.25 billion in assets under management.