BOK Financial in Tulsa, Okla., has hired the wealth management team of Denver Retirement Partners.
The $29 billion-asset BOK said in a press release Monday that the team which specializes in asset management for high-net-worth and mass-affluent clients will join BOK Financial Advisors, the investment advisory unit for its BOSC broker/dealer subsidiary. The group brings with it $230 million in assets under management.
"This is a special partnership for us because it means we'll have more expertise on the complex insurance side, which is an area our clients need and we want to grow," BOSC Chief Executive Scott Grauer said in the release.
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Corrected February 3, 2015 at 4:04PM: An earlier version of this story mistakenly described this agreement as an acquisition.