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Indie managing $400 million switches to Avantax from FSC
San Diego-based ATS Advanced Trustee Strategies specializes in advanced estate planning.
Avantax adds $200 million LPL team in Las Vegas
Sullivan Financial’s Tom Sullivan had been affiliated with LPL for 24 years.
Avantax boosts forgivable loans to advisers
It's an indication the firm is carrying through on its strategy to attract experienced financial advisers who generate more revenue.
Avantax focuses on bigger advisers as head count continues to drop
The firm reported a 9.4% decline in the number of advisers last year, but said it had 2½ times more recruited assets in 2021, at $929 million, compared to $363 million in 2020.
Avantax settles with SEC for $16.9 million over 12b-1 fees
The company failed to reveal conflicts of interest concerning marketing fees paid by clients for mutual funds, according to the regulator. The independent broker-dealer 1st Global Advisors was acquired by Blucora in 2019.
Avantax practices managing $350 million move to Cetera
Veteran advisers in Oklahoma and Utah affiliate with Cetera through Texas-based Farpointe Wealth Partners.
Avantax team managing $400 million switches to LPL
First Legacy Wealth Management affiliates through JFC Advisor Network. The advisory firm is based in San Angelo and Big Spring, Texas.
Head count drops at Blucora’s Avantax, but revenue per adviser rises
Revenue per Avantax adviser for 2020 totaled $111,000, at the low end of the independent brokerage and RIA business for large enterprises.
Blucora’s Avantax to acquire $1.1 billion New Jersey RIA
Parsippany-based Headquarters Advisory Group's three principals will become financial planning consultants with Avantax Planning Partners.
Ancora outsiders lose fight for seats on Blucora board
The newcomers had criticized Blucora for mishandling the broker-dealer, Avantax, calling it a potential 'gem of the wealth management industry.' The shareholders reelected the 10 current board members.
Fight over board that controls Avantax coming to a head
A struggle for seats on the board of Blucora Inc., which owns the independent broker-dealer Avantax Investment Services Inc., is heading for a showdown. Blucora has purchased two broker-dealers in half-a-dozen years to expand into the wealth management business.
