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Avantax Inc - AVTA STOCK NEWS

Welcome to our dedicated news page for Avantax (Ticker: AVTA), a resource for investors and traders seeking the latest updates and insights on Avantax.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avantax's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avantax's position in the market.

News
Cetera Holdings Announces Close of Avantax Acquisition
Rhea-AI Summary
Avantax, Inc. (AVTA) has been acquired by Cetera Holdings, bringing 3,111 financial professionals and over $82.3 billion in assets under administration and $42.0 billion in assets under management to Cetera. The acquisition strengthens Cetera's tax and wealth management offerings and establishes a strategic relationship with Fidelity, expanding into a multi-custodial platform.
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Avantax Welcomes Financial Advisors Joshua Heims and Alan Gnoinski with Nearly $100 Million in Total Client Assets
Rhea-AI Summary
Avantax (Ticker: AVTAX) welcomes Lincoln Sparrow Advisors team, led by Joshua B. Heims and Alan Gnoinski, with approximately $100 million in total client assets as of September 2023, to their community. The team is excited about Avantax's extensive network of CPAs and tax professionals, as well as the tax-focused financial planning offerings. They were referred by another advisor already in the process of affiliating with Avantax and were impressed by the personal attention from Home Office staff and leadership, as well as the longevity of Avantax employees.
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Avantax Hosts its Largest-Ever National Conference as Attendees Gather in Chicago, Showcasing the Peer-to-Peer Power of the Avantax Community
Rhea-AI Summary
Avantax Financial Professionals (Ticker: AVTFP) Hosts Largest-Ever National Conference in Chicago, Focused on Tax-Intelligent Financial Planning
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0.04%
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Avantax Posts Record Newly Recruited Assets as Advisor Appetite for Joining the Tax-Focused Avantax Community Keeps Growing
Rhea-AI Summary
Avantax (ticker symbol: AVT) reports over $564 million in newly recruited assets in the third quarter of 2023, doubling the year-ago quarter. The company continues to attract independent Financial Professionals due to its tax-focused financial planning and wealth management approach, with a particular focus on aligning with tax professionals and accounting practices. The addition of 54 new independent Financial Professionals during this period further demonstrates Avantax's growth and appeal within the industry.
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0.12%
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Avantax Reports Third Quarter 2023 Results
Rhea-AI Summary
Avantax, Inc. reports total revenue of $192.3 million for Q3 2023, representing a 16.5% increase compared to the same period last year. The company achieved net positive asset flows for the seventh consecutive quarter, adding approximately $673.0 million. Total client assets reached $82.3 billion, with advisory assets accounting for $42.0 billion, or 51.1% of total client assets. Avantax repurchased approximately 0.4 million shares of common stock for $9.1 million. The company ended the quarter with $106.4 million in cash and cash equivalents.
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0.27%
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Financial Advisor Aaron Watson Returns to Avantax, Joined by Public Accounting Partner Lee MacBay Hamilton & Associates, LLC
Rhea-AI Summary
Aaron Watson rejoins Avantax after one year with another broker-dealer
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-0.31%
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Avantax Welcomes Financial Advisor Bob Ervolina and his New York-based Lifetime Wealth Management Group
Rhea-AI Summary
Avantax welcomes industry veteran advisor Bob Ervolina and his Lifetime Wealth Management Group to their community.
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0.23%
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Avantax Has Second-Highest Ratio of Women Advisors Among Broker-Dealers in Financial Planning’s IBD Elite 2023 Study
Rhea-AI Summary
Avantax has the second-highest ratio of women as a percentage of producing reps - 24% - compared to other broker dealers. Avantax's ratio of women financial professionals is higher than the industry average of 18%. The company is committed to diversifying its advisor ranks and empowering women advisors. According to a study, American women are expected to control much of the $30 trillion in financial assets by 2030. Avantax is focused on supporting women advisors and providing tax-intelligent planning and advisory solutions. Three independent advisors recently affiliated with Avantax, highlighting the company's industry leadership in women advisors. Avantax's commitment to advancing women in wealth management is evident in its recruiting and management levels. The company's focus on women advisors is seen as a natural fit for big-picture planning and solutions. Avantax's dedication to supporting women in the industry is recognized by its affiliated advisors.
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Avantax Enters into Definitive Agreement to be Acquired by Cetera Holdings
Rhea-AI Summary
Avantax to be acquired by Cetera Holdings in a $1.2 billion all-cash transaction
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End-of-Day
28.02%
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acquisition
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Avantax Welcomes Anna Luke and Her Comprehensive Financial Services Team with over $230 Million in Total Client Assets
Rhea-AI Summary
California-based firm Comprehensive Financial Services (CFS) with $230 million in client assets joins Avantax, a leader in tax-focused financial planning and wealth management.
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Avantax Inc

Nasdaq:AVTA

AVTA Rankings

N/A Ranked by Market Cap
#1010 Ranked by Stock Gains
N/A Ranked by Dividends

AVTA Stock Data

Data Processing, Hosting, and Related Services
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United States
Dallas

About AVTA

about blucora™ blucora, inc. (nasdaq: bcor) operates a diverse group of internet businesses. its mission is to deliver long-term value to its customers, partners and shareholders through financial discipline, operational expertise, and technology innovation. recently named one of fortune® magazine's 100 fastest-growing companies, blucora's online businesses reach millions of users worldwide every day. blucora is headquartered in bellevue, washington. for more information, please visit www.blucora.com.