Avantax Recruiting Success Continues During Third Quarter, Driving Year-to-Date Newly Recruited Assets to Approximately $1.3 Billion
08 Novembre 2022 - 3:15PM
Avantax®, a leader in tax-focused financial planning, continued its
record-breaking recruiting results as 74 independent Financial
Professionals affiliated with Avantax during the third quarter of
2022, driving year-to-date newly recruited assets to approximately
$1.3 billion; this is roughly $329 million more than Avantax’s
record performance in all of 2021.
Financial Professionals are transferring to Avantax
from a variety of channels, including large broker-dealers, RIAs
and regional firms. Tax and accounting professionals are choosing
Avantax because they continue to see the need to obtain the
licensing and education so they can directly provide tax-advantaged
financial planning and wealth management services instead of
referring clients to a local banker or broker who might not view
investments with tax implications in mind.
“Our traction with Financial Professionals is
growing along with their appetite to access the Avantax network of
CPAs and tax professionals. Likewise, tax and accounting
professionals are coming to Avantax because they want to introduce
holistic financial planning to their clients for the upcoming tax
season,” said Tim Stewart, Vice President and Head of Business
Development for Avantax. “Every day we talk with prospective
recruits who worry if they can’t provide the financial planning,
wealth management and Tax Alpha clients expect, then their tax
clients might leave and take all their business to someone
else.”
During the third quarter, 74 independent Financial
Professionals affiliated with Avantax, including Sergio T.
Rodriguez, CWS®, founder of Rodriguez Wealth Management, which
transferred to Avantax from PNC Investment Services.
“Avantax provided the perfect opportunity to go
independent. Their products and services align with what my clients
deserve, and Avantax has the support I need to better service my
clients,” Rodriguez said. “Avantax made one of my dreams become
possible.”
Also during the third quarter, Avantax announced
that accounting firm Topel Forman L.L.C. affiliated with Avantax
Planning Partners℠, Avantax’s employee-based RIA (registered
investment advisor) to provide comprehensive tax-focused financial
planning and wealth management services to clients. Based in
Chicago, Topel Forman is a full-service, 120-person public
accounting firm whose services include tax, audit and advisory.
“Wealth management really is the next logical step
in enhancing our client relationships and delivering value to
clients for a firm like ours, and while we considered creating it
on our own, we’ve seen the difficulty other firms had trying to do
it, so we thought, what better way than having a partner with a
system that’s been proven successful in our industry,” said Topel
Forman Partner Robert Naselli. “During our due diligence I spoke
with plenty of people, including accounting firms already working
with Avantax Planning Partners. To us, with Avantax’s robust back
office, the tried-and-true systems in place, and all the
back-office support they have, it just made sense for us.”
CPAs, tax pros and Financial Professionals
interested in learning more about the Avantax Community can find
more information by clicking here.
About Avantax Wealth
Management®Avantax Wealth Management® is a leading U.S.
independent broker-dealer that provides tax-focused wealth
management solutions for Financial Professionals, tax
professionals, CPA/accounting firms and their clients. Avantax
Wealth Management works with a nationwide network of Financial
Professionals who operate as independent contractors, and provides
them with an integrated platform of technical, practice,
compliance, operations, sales, and product support tools that
enable them to offer tax-advantaged planning, investing, and wealth
management services to their clients. The wealth management segment
of Blucora, Inc. (NASDAQ: BCOR), which includes the Avantax Wealth
Management® and Avantax Planning Partners℠ brands, had a collective
$73 billion in total client assets as of September 30, 2022. For
more information, please visit us at www.avantax.com or on LinkedIn
and Facebook.
Media Contacts:Tony Katsulos
Avantax(972) 870-6654pr@avantax.com
Kendra GalanteStreetCred PR for Avantax(402)
740-2047kendra@streetcredpr.com avantax@streetcredpr.com
Investor Contact:Dee
LittrellBlucora, Inc. (972) 870-6463IR@blucora.com
Blucora (NASDAQ:BCOR)
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