Bok Financial Advisors
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Learn more about Bok Financial Advisors
Bok Financial Advisors is a financial advisory company headquartered in Tulsa, Oklahoma. It has $739.3 million in total assets across 3,217 customer accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). The company has a large team, including 138 financial advisors. Bok Financial Advisors is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, equities and bonds.
Bok Financial Advisors administers most of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction choices without needing client consent. It also has 640 non-discretionary accounts totaling $337.8 million in assets under management. The advisory firm's average account size is $229,810. The typical advisor at Bok Financial Advisors administers about 23 client accounts, making it one of the more individualized advisor firms in the country.
The firm's headquarters is at One Williams Center, Tulsa, Oklahoma 74102. The company is legally allowed to provide services to clients across 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Bok Financial Advisors by the Numbers
Products and Services
Bok Financial Advisors provides a variety of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, educational seminars and other services. In the last fiscal year, the firm provided financial planning services to 1-10 of its clients. The company does sell products or offer services apart from investment advice to its clients. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution and insurance company or agency.
Core Advisor Services
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
Offered by 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial advisory services typically are based on which services the firm provides the client. Fee types charged by Bok Financial Advisors likely consist of any combination of the following fee types: asset-based, hourly, fixed or commission-based. The company participates in a wrap fee program, in which the company offers a bundle of services for a single fee.
Offered by 69% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Offered by 21% of firms
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Offered by 1% of firms
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Offered by 32% of firms
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company does business with a number of different customers. It caters to retail investors, high net worth investors, banking institutions, charitable organizations, corporations and other. Out of its 3,217 accounts, Bok Financial Advisors's largest client type is retail investors, though it also serves 270 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 8.39%
- Other Individuals - 88.25%
- Corporations - 3.2%
- Charitable Organizations - 0.16%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Bok Financial Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Bok Financial Advisors
Oklahoma City, OK
Oklahoma City, OK
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