Bok Financial Securities, Inc. is a large advisory firm based in Tulsa. It manages $754.03 million of regulatory assets for 2,665 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Bok Financial Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and furnishes advice about securities in any manner not described above.. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bok Financial Securities, Inc. is $754.03 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Bok Financial Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, commissions, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bok Financial Securities is individuals with 2,275 clients and $441.32 million of assets under management. Among the 10 most similar advisory firms, Bok Financial Securities has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $754.03 million for 2,633 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Bok Financial Securities also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 175 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 164 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Bok Financial Securities, Inc. performs its advisory services is located at One Williams Center, Tulsa, OK 74172, which is also the mailing address of the firm. An additional office of the firm is in Grapevine, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 877-781-6889. The normal business hours are 8:30 am - 5:00 pm (cst) on Monday - Friday. You can find more information about the New York firm at securities.bokfinancial.com.