Avantax, the tax-oriented financial planning and wealth management firm under Cetera, continues to demonstrate its appeal for planning-focused advisors as it adds a seasoned professional from LPL.
On Thursday, the tax-smart broker dealer announced the addition of Ali Kazemi, an experienced financial advisor based in Northern California.
Kazemi, whose 35-year-long BrokerCheck record includes affiliations with Bank of America Citi and Wells Fargo, joins Avantax from LPL Financial, where he managed approximately $60 million in client assets as of April 2024.
Operating near San Francisco with his team, Sentinel Financial Group, Kazemi highlighted Avantax’s technology and the collaborative nature of its financial advisor community as key factors in his decision to join.
"I thoroughly enjoy being an independent broker, but have missed being part of a team and see great value in it. From the beginning, working with Avantax has felt like family," Kazemi said in a statement Thursday.
Avantax operates two business models: an independent financial professional model known as Avantax Wealth Management and an employee-based model called Avantax Planning Partners. Kazemi will work within the independent model, which aligns with his client-centered, boutique approach to service.
"I strive to provide families with A-to-Z service, whether that’s helping guide their investments, managing expenses, generating income, or managing their retirement plans," he said.
The move in California is just the latest step in the firm’s mission to welcome more advisors into its network, which as of December 31, 2023 represented $92.8 billion in assets under administration.
That book has surely grown since then as the firm logged steady wins in advisor recruitment, including a deal for a $760 million Texas-based wealth practice in May and its more recent onboarding of a $150 million duo in Long Island formerly from Osaic.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
