BOK Financial has agreed to acquire MBM Advisors, a Houston-based independent, full service retirement and pension plan investment firm and SEC registered investment adviser.
Founded in 1966, MBM Advisors specializes in managing all aspects of their clients’ employee retirement and pension plans, including providing investment advisory services.
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Through this acquisition, BOK Financial’s retirement and individual assets under management will increase by US$1.25 billion.
Additionally, the acquisition will also expand the firm’s wealth management capabilities, and its presence in Houston.
Post acquisition, MBM Advisors’ clients will continue to work with their current team, and will gain 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 increase client, technology and employee resources.
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By GlobalDataBOK Financial said that MBM Advisors will also maintain their investment relationship with Charles Schwab following the acquisition.
Scott Grauer, executive vice president for wealth management at BOK Financial, said: "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."
