WealthBuilder Update

April 2017

The Strategic Investment Advisors team at BOK Financial has implemented several changes to the WealthBuilder program. The changes are summarized below. Please note that the changes were implemented at the strategy level. Actual trades might vary in each account, depending on the account size and cash flows.

The Asset Allocation Committee met on April 10th and recommended several tactical changes. The Committee remain modestly constructive on the market and decided to maintain an underweight in fixed income and an overweight in equity. The decision was made, however, to increase developed international and emerging market equity as those markets become more attractive based on their valuation and growth trajectory. Those increases were funded from REITs, resulting in a neutral allocation to the broad alternative asset class. The Committee believe that a more nuanced approach to equity investing is warranted in the current market environment and slightly reduced the small cap allocation in favor of mid cap within the domestic equity space.
The changes summarized below are based on the Balanced objective. They may vary in the other investment objectives.

Tactical Asset Allocation Changes

  • Broad Asset Class Changes:
    • Increased equity
    • Decreased alternatives
  • Changes within Equities:
    • Increased developed international
    • Increased emerging markets
    • Increased US mid cap
    • Decreased US small cap
  • Changes within Alternatives:
    • Reduced REITs

Fund Changes

  • Added PIMCO Income Fund (PIMIX)

The information provided in this was prepared by members of the investment management group, Strategic Investment Advisors (SIA), of BOKF, NA. This commentary is not a complete analysis of any sector, industry or security.
BOK Financial Corporation (BOKF) offers wealth management and trust services through various affiliate companies and non-bank subsidiaries including advisory services offered by BOKF, NA and its subsidiaries BOK Financial Asset Management, Inc. and Cavanal Hill Investment Management, Inc. each an SEC registered investment adviser. BOKF offers additional investment services and products through its subsidiary BOK Financial Securities, Inc., a broker/dealer, member FINRA/SIPC, and an SEC registered investment adviser and The Milestone Group, also an SEC registered investment adviser.
Investments are not insured by the FDIC and are not guaranteed by BOKF, NA or any of its affiliates. Investments are subject to risks, including the possible loss of the principal amount invested.