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Avantax boosts recruiting bonus to add advisers
Providing hefty bonuses to recruit financial advisers is like a sugar rush: sweet at first but it comes with a downside.
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 talks about changes for advisers as head count drops
A new compensation plan is among the changes the firm is preparing for advisers in 2022.
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.
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.
