BOK Financial in Tulsa, Okla., has agreed to buy Weaver Wealth Management, an investment advisory firm in Texas.
The $31 billion-asset BOK Financial said in a press release Tuesday that it expects to complete the acquisition this quarter. The price was not disclosed.
Weaver Wealth Management, which is part of the Texas accounting firm Weaver & Tidwell, will be combined with BOK Financial's Milestone Group. The deal will add about $340 million in assets under management and administration.
The acquisition "will allow BOK Financial to further serve our clients' financial needs in one of the most attractive growth markets we serve," Scott Grauer, executive vice president of wealth management at BOK Financial, said in the release. "We benefit by adding the talent and expertise of their team and accelerating the growth opportunities of our business in Texas."
Tamara Wagman of Frederic Dorwart advised BOK Financial. Steve Kesten at BoyarMiller advised Weaver & Tidwell.