Bok Financial Securities, Inc. (Tulsa)

Name: Bok Financial Securities, Inc.
Address: One Williams Center, Tulsa, OK, 74172
Telephone: 877-781-6889

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.

Bok Financial Securities: assets under management

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 firm manages $522.11 million in discretionary accounts and $231.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $246.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $427.11 thousand.

Bok Financial Securities has custody of $142.15 million in cash and securities for 429 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

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. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bok Financial Securities serves?

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.

Careers at Bok Financial Securities, Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bok Financial Corporation	Direct beneficial owner	1 Dec 2000	75% - 100%	73-1373454
John Neill Waldo	Sr. investment banker, svp	1 Mar 2012	Other	1633222
Tally Mead Ferguson	Svp, director of market risk management	1 Mar 2012	Other	2934853
John Malone Coffman	Svp, municipal principal	1 Mar 2012	Other	1983365
Merideth Glen Watson	Inst. sales & trading manager, svp	1 Mar 2012	Other	502147
James Robert Cole	Svp, wealth management	1 Mar 2012	Other	2941597
Brett Alan Dean	President & chief operating officer	1 Apr 2012	Other	1716141
Scott Bradley Grauer	Ceo, chairman	1 Apr 2012	Other	1509326
Gregory Ayres Wheeler	Svp, bok financial advisors; ceo private bank management	1 Nov 2012	Other	4357940
Nancy Johnson Jones	Vp, chief compliance officer and dir. of compl.	1 Apr 2013	Other	2026139
Robert Ledvora	Cfo/finop	1 Jan 2014	Other	2295547
David C Lowell	Svp, regional sales manager, client advisors	1 Jan 2014	Other	2695450
Mindy Margaret Mahaney	Bokfs board member	1 May 2014	Other	6403627
Chandra Ellen Halverson	Svp, brokerage and investment advisory operations	1 Mar 2015	Other	4318309
William Joseph Gumbert	Head of municipal sales (tier 1), trading and underwriting	1 Jun 2015	Other	1535270
Jon Craig Swanson	Chief compliance officer, vp	1 Mar 2017	Other	5010899
Paul Martin Haines	Svp, director of bok financial advisors	1 Oct 2017	Other	4808805
Jerry Keith Williams	Svp, inst. sales & trading manager	1 Mar 2018	Other	2163458

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
George Bruce Kaiser	Indirect beneficial owner	1 Nov 1991	75% - 100%	2163602

Based in Tulsa

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.