Tulsa, OK-based BOK Financial has acquired The Milestone Group, a Denver-based RIA which manages $1.3 billion in equity and fixed income investments.

BOK said the purchase of Milestone will boost assets under management and administration within its various subsidiaries to almost $50 billion. Steve Bradshaw, senior executive vice president, said the firm is “actively pursuing acquisitions” to enable the firm to “continue its growth trajectory.” 

Milestone provides wealth management services to some 250 high net worth clients, located primarily in Colorado and Nebraska. As part of the transaction - the details of which remain undisclosed - the firm’s founders, advisors and relationship teams will “remain intact,” BOK said.

“This partnership preserves our team and boutique service model, yet adds the strength and resources of a stable, 100-year old firm,” said Robert Adams, co-founder and managing director of Milestone.

BOK is traded on the Nasdaq and has financial holdings including BOKF, NA, BOSC and Cavanal Hill Investment Management.