Founded in 1996, The Milestone Group provides wealth management services to approximately 250 high-net-worth clients located primarily in Colorado and Nebraska. The employee-owned firm manages $1.3 billion in equity and fixed income investments.
BOK Financial already has a 100-year presence in Denver through its local bank brand, Colorado State Bank and Trust. According to the companies, adding The Milestone Group’s wealth “management brand and expertise enhances BOK Financial’s presence in Denver and surrounding areas.”
With the acquisition of The Milestone Group, assets under management and administration by BOK’s various subsidiaries will total nearly $50 billion.
“BOK Financial is actively pursuing acquisitions that allow us to continue our growth trajectory, while delivering a comprehensive investment suite to our clients,” Steve Bradshaw, BOK Financial’s senior executive vice president, said in a statement. “The Milestone Group shares our corporate philosophy of providing clients the highest level of investment services and advice.”
According to BOK, the acquisition allows The Milestone Group to broaden its scope and reach, while maintaining its commitment to independent thinking and discipline when making investment decisions for its clients. The firm’s founders, advisors and relationship teams will remain intact.