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BOK Financial Buys Kansas Firm To Expand Its Wealth Management Footprint

Eliane Chavagnon Deputy Editor - Family Wealth Report October 3, 2013

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.

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