BOK Financial Acquires Weaver Wealth Management

BOK Financial Corporation  (NASDAQ:BOKF)  announced today that it has entered into an asset purchase agreement with Weaver and Tidwell Financial Advisors LTD d/b/a Weaver Wealth Management, a registered investment advisor. The agreement includes hiring Weaver Wealth Management’s team and transitioning its wealth management clients to The Milestone Group, a subsidiary of BOK Financial. Completion of the transaction is expected during the first quarter of 2016, upon regulatory approval. Terms of the transaction were not disclosed.

Weaver Wealth Management is owned by the Texas-based accounting firm, Weaver and Tidwell LLP, the largest independent accounting firm in the Southwest and a top-40 firm in the country. This acquisition will increase BOK Financial’s assets under management and administration by approximately $340 million and expand the company’s wealth management reach in Texas.

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