TULSA, Okla., July 25, 2016 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ:BOKF) announced today that its broker dealer, BOSC, Inc., is changing its name to BOK Financial Securities, Inc. effective July 25, 2016. The change comes in an effort to align the Wealth Management division brands under the “BOK Financial” umbrella and more effectively leverage the parent company’s strong reputation and national name recognition.
Brett Dean, president of BOK Financial Securities, noted, “BOK Financial is a respected and trusted $31 billion financial institution, with a strong presence in some of the most dynamic markets throughout the Midwest and Southwest. By aligning our broker dealer operations with the parent company brand, we can benefit from broader name recognition as well as more streamlined marketing opportunities.”
Dean added, “Since BOSC was established 25 years ago it has grown to become one of the largest brokerage firms headquartered in the Southwest with a range of financial products to serve our clients including institutional and retail brokerage, investment banking, and financial risk management. We have built a highly-skilled team that executes the business in a way that is entrepreneurial and customer-focused. Nothing about our business approach or structure will change. We believe that the alignment of our brand name with BOK Financial will be beneficial for both organizations as we continue our growth trajectory.”
The firm has a presence in all of BOK Financial’s major markets, as well as some outside the footprint, and has clients across the country. In 2015, the firm transacted approximately $19 billion in securities volume.
In 2015, the firm achieved both regional and national top ten rankings for municipal underwriting and financial advisory services, according to Ipreo Muni Analytics. This included the top ranked senior managing underwriter of negotiated municipal bond sales in Oklahoma (by dollar amount), the third ranked senior or co-managing underwriter of negotiated municipal bond sales in Texas (by number of issues) and nationally, the fifth ranked financial advisor to school districts (K-12) by dollar amount, the ninth ranked senior or co-managing underwriter of negotiated school district sales by dollar amount and a top ten ranking as senior managing underwriter of negotiated and competitive “Bank Qualified” municipal bond sales.
Retail brokers within the firm service clients out of the corporation’s banking centers and offices. Product and service offerings include personal investments, financial planning, retirement accounts, education planning, insurance services and estate planning. This part of the business will be marketed under the name, BOK Financial Advisors, but will operate under the BOK Financial Securities’ umbrella.
The institutional investment arm of the firm offers a broad range of fixed-income portfolio management solutions, investment banking, public and corporate finance, hedging and risk management services for other financial institutions. BOK Financial Securities is one of the largest municipal bond underwriters in the United States and the largest in Oklahoma.
For more information, visit securities.bokfinancial.com.
About BOK Financial Corporation
BOK Financial Corporation is a $31 billion regional financial services company based in Tulsa, Oklahoma. The company's stock is publicly traded on NASDAQ under the Global Select market listings (symbol: BOKF). BOK Financial's holdings include BOKF, NA, BOK Financial Securities, Inc. and The Milestone Group, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management, BOK Financial Asset Management, Inc. and seven banking divisions: Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas and Colorado State Bank and Trust. Through its subsidiaries, the company provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.