Avantax

Last updated
Avantax, Inc.
Company typePrivate
Industry Financial services
Headquarters,
United States
Area served
United States
Key people

Todd Mackay (President)
Revenue$666 Million
AUM US$ $92+ billion (2020) [1]
Number of employees
Approx. 727
Parent
Website avantax.com

Avantax is a tax-focused independent broker-dealer in the United States. On November 28, 2023, Cetera completed the acquisition of Avantax. [2]

Contents

History

Avantax (originally Blucora, Inc.) was formed in 1996 as a Delaware corporation. Significant recent events in Avantax’s history include:

YearEvent
2015 Blucora announces acquisition of HD Vest [3]
2019Avantax closed the acquisition of all the issued and outstanding common stock of 1st Global, a tax-focused wealth management company.
2020Avantax acquired all of the issued and outstanding common stock of HFKS.
2021Avantax announced the rebranding of HKFS to Avantax Planning Partners.
2023Avantax changed its corporate name from Blucora, Inc. to Avantax, Inc.

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References

  1. "About — Avantax® Wealth Management".
  2. "Cetera Completes Acquisition of Avantax". CPA Practice Advisor. Retrieved 2023-07-17.
  3. "HD Vest Announces Agreement to be Acquired by Blucora, Inc". Cision PR Newswire. 14 October 2015. Retrieved 10 August 2020.