Bok Financial Asset Management, Inc. is a large advisory firm based in Houston. It manages $1.32 billion of regulatory assets for 387 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 46 other states.
Bok Financial Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. 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 Asset Management, Inc. is $1.32 billion. The firm's AUM has grown by 1% 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 Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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, and pension and profit sharing plans. The largest group of clients of Scott Bradley Grauer is pension and profit sharing plans with 171 clients and $1.16 billion of assets under management. Among the 11 most similar advisory firms, Bok Financial Asset Management has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $1.32 billion for 387 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 Asset Management doesn't advise any private funds.
The company employs 39 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 11 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Scott Bradley Grauer has been acting as President since 1 May 2014. Kenneth William Etheredge joined the executive team most recently as the President/Secretary.
The principal office where Bok Financial Asset Management, Inc. performs its advisory services is located at 440 Louisiana Street, Houston, TX 77002, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 713-228-6444 or by fax 713-228-3448. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at assetmanagement.bokfinancial.com.