Avantax Investment Services, a subsidiary of Blucora, Inc. (NASDAQ: BCOR), is a leading provider of tax-focused financial planning and wealth management services. With a mission to help clients achieve financial goals, the company offers personalized solutions that combine investment management, tax planning, and risk management strategies. Avantax's approach has attracted a growing number of financial professionals who want to differentiate and grow their practices.
On June 5, 2023, Engine Capital sent a letter to Avantax's Board of Directors, urging them to consider exploring strategic alternatives, including a possible sale of the company. Engine Capital, which owns approximately 2.3% of Avantax's outstanding shares, believes that the company's tax-focused approach and strong growth prospects make it an attractive acquisition target.
Avantax's leadership team, including CEO Todd Mackay and Co-CIO Ivan Gruhl, is focused on continuing the company's growth trajectory. Hutchins and Gruhl will further enhance the impact of research and investment management for Avantax's independent Financial Professionals, who are key to the company's success.
Financial Professionals are joining Avantax to differentiate and grow their practices by adopting Avantax's tax-advantaged approach to wealth management. The company's focus on tax planning and risk management strategies helps clients achieve their financial goals while minimizing tax liabilities.
A successful and growth-minded financial advisor, Pardo chose Avantax for its tax-focused approach to wealth management, specialized Home Office support, and robust technology platform. Pardo has been able to grow his practice and offer his clients personalized solutions that combine investment management, tax planning, and risk management strategies.
During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer. This growth is a testament to Avantax's commitment to providing Financial Professionals with the tools and resources they need to succeed.
Avantax increased its asset recruiting results during the fourth quarter of 2022, adding $6.1 billion in assets. This growth reflects the company's continued success in attracting Financial Professionals who want to differentiate and grow their practices with a tax-focused approach to wealth management.
DALLAS, May 18, 2023 (GLOBE NEWSWIRE) -- Avantax, a leader in tax-focused financial planning and wealth management, today announced the launch of a new platform that will help Financial Professionals offer their clients a more personalized experience. The platform will provide Financial Professionals with access to a wide range of investment options, tax planning tools, and risk management strategies.
DALLAS, April 24, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of tax-focused wealth management services, announced the acquisition of a Florida-based registered investment advisor. The acquisition will help Avantax expand its footprint in the Southeast and offer clients a wider range of investment options.
Avantax reports more than $228 million in newly recruited assets during 2023's first quarter with continued interest from growth-minded Financial Professionals. This growth reflects the company's commitment to providing Financial Professionals with the tools and resources they need to succeed with a tax-focused approach to wealth management.
