Founded in 1966, MBM Advisors specializes in managing clients’ retirement and pension plans, including investment advisory services. MBM Advisors has clients in 15 states, including states in which BOK Financial already has a full-service banking presence.
BOK Financial has been in the retirement plan business for more than 58 years, specializing in guiding employers on plan design, plan administration and plan compliance, as well as advisory services. The corporation serves 430 retirement plans with $5.6 billion in assets and 70,000 plan participants. MBM Advisors adds 222 plans, $1.1 billion in plan assets and 16,000 plan participants.
The MBM purchase is expected to close in the second quarter of 2014.