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Cetera to buy tax specialist firm for $1.2 billion

Deal affects almost 3,000 advisors working with $83.8 billion in client assets.

As the wealth management acquisition binges rolls on, Cetera Holdings on Monday morning said it was buying Avantax Inc., with close to 3,000 financial advisors who focus on clients' taxes, for $1.2 billion in an all-cash deal.

Cetera Holdings is the parent of Cetera Financial Group, a giant netw

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