M and A
BOK Financial Buys Kansas Firm To Expand Its Wealth Management Footprint

Tulsa, OK-headquartered BOK Financial
Corporation is to
acquire GTRUST
Financial Corporation, a Topeka, KS-based independent trust
and
asset management company, in a move that will add $600 million in
assets to its
wealth management platform. Terms of the transaction were not
disclosed.
Steve Bradshaw, senior executive vice president for BOK
Financial, said that wealth management is an important growth
business and the firm is thus looking to build out that division
going forward.
GTRUST provides financial services including asset and risk
management, tax planning, fee-only financial planning, debt
management, estate
planning and charitable/social capital strategy.
In August last year, BOK acquired The Milestone Group, a Denver,
CO-based RIA which manages
$1.3 billion in equity and fixed income investments.
“Milestone has seen its discretionary assets expand by 19 per
cent 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.”
GTRUST has a team of 30 trust and investment professionals in
Topeka, Wichita,
Marysville, Larned and Overland Park,
KS. Current GTRUST client teams
will remain at their current firm continue to serve their
clients.