Seventy-four financial professionals switched their broker-dealer affiliation to Avantax in the third quarter, the Dallas-based wealth management firm said.
The firm said that so far this year, it's added about $1.3 billion in newly recruited assets, with is $329 million more than it took in in all of last year. Avantax specializes in tax-focused financial planning and serving accountants who provide financial advice. The firm said it attracts financial advisers who seek on-going help with tax-related matters from accountants who seek to provide financial advice.
Earlier this month, Blucora Inc., the parent of Avantax, said that it had agreed to sell its tax software business, TaxAct, for $720 million, and that it will rebrand the company under the Avantax name. Blucora bought H.D. Vest Financial Services in 2015 and renamed it Avantax.
For service-focused financial advisors who might take their well-being for granted, regular check-ins and active listening from the top can provide a powerful recharge.
With Parkworth Wealth Management and its Silicon Valley tech industry client base now onboard, Savant accelerates its vision of housing 10 to 12 specialty practices under its national RIA.
Meanwhile, $34 billion independent First Manhattan welcomed New Jersey-based Roanoke Asset Management, an RIA firm with more than 40 years of history.
Most notably, two chief compliance officers have also recently left the firm.
The latest team to join Cetera, led by a 29-year veteran professional, arrives with roughly $380 million in AUA from OSJ Private Advisor Group.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
