DALLAS, May 09, 2022 (GLOBE NEWSWIRE) — Avantax®, a leader in tax-focused financial planning, continued its strong recruiting results in the first quarter of 2022 as dozens of finance professionals transferred to Avantax, generating approximately $529 million in recruiting assets. Net new assets from new customers in the first quarter were the highest quarterly inflows since Avantax was created by combining the former company HD Vest and 1st Global Financial Services.
“Finance professionals come to Avantax because they want to be treated better by their financial services partner, and they want that sense of community that is so strong at Avantax,” said Todd Mackay, president of Avantax. “Since merging our legacy business with Avantax, we have made significant operational, technology and service improvements that are receiving rave reviews from our finance professionals; we make their lives easier and we give finance professionals time to serve clients.
During the first quarter, 85 independent financial professionals affiliated with Avantax, including those from Sullivan Financial Services, Inc., Fass Wealth Strategies Group and Perspective Wealth Planning:
- “For me, it was time for a change – to be with a company where you don’t get lost, you’re not on hold forever, and you can get better customer service and a better overall experience. Other companies have reduced available offers, and I really like the Avantax line of products because things like 1031 exchanges are important to us. – Tom Sullivan, CFP®, who transferred to Avantax after 24 years at LPL Financial.
- “I continue to be impressed with the service from head office and everyone’s advisor-centric attitude, as well as the ease of use of the systems and technology. In my 34 year career, I have never had a better back office experience. – Andy Fass, who transferred to Avantax from a regional company.
- “We’ve only been affiliated with Avantax for a short time, but I’ve said this many times before – I can’t tell you how great all the Avantax teams in our region are. I almost can’t believe how It was a great experience as we have never experienced a service like this before.” – Matthew Fox, CRC® AIF®, CEO of Perspective Wealth Planning, who transferred to Avantax from Cetera Advisor Networks.
CPAs, tax practitioners, and finance professionals interested in learning more about joining the Avantax community can find more information at click here.
Certified Financial Planner Board of Standards, Inc. (CFP Board) is the owner of the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, the CFP® certification mark logo (with plaque) and the CFP® Certification (with flame) in the United States, which it authorizes for use by individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.
About Avantax Wealth Management®
Avantax Wealth Management® offers a tax-efficient approach to comprehensive financial planning. Avantax’s Tax-Smart approach helps clients leverage taxes to create opportunities for financial growth. Most financial companies deal with taxes after the fact, if at all, even though taxes are one of life’s most complex and costly expenses. Avantax technology, tax and wealth management insights are used by Avantax financial professionals to uncover and personalize opportunities throughout their clients’ financial lifecycles to achieve better long-term results. . The wealth management segment of Blucora, Inc. (BCOR), which includes the Avantax Wealth Management® and Avantax Planning Partners℠ brands, had a collective
$86 billion in client assets as of March 31, 2022. For more information, visit us at www.avantax.com Or on LinkedIn and Facebook.