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BROKER–DEALERS: 1,000 Advisors or More Service
AVANTAX WEALTH MANAGEMENT
Service-led Organization
Over the course of 18 months and under the leadership of Dan Kocher, VP Service Excellence, and Todd Mackay, President of Wealth Management, Avantax has restructured the service offering of one of the Top 10 independent broker-dealer firms*, managing approximately $77.0 billion in total client assets (as of Dec. 31, 2022) from a reactive to a proactive model. This massive initiative involved restructuring the service department,
focusing on training and re-educating team members, and making technology enhancements. (* Avantax ranks 10th in the IBD category in Cerulli’s Top 25 B/D Networks by Assets Under Management, 2020 – as of Dec. 31, 2022)
Avantax, Inc. (NASDAQ: AVTA) delivers tax-focused wealth management solutions for Financial Professionals, tax professionals and CPA firms, supporting our goal of minimizing clients’ tax burdens through comprehensive tax focused financial planning. We have two distinct, but related, models within our business: the independent Financial Professional model and the employee-based model. We refer to our independent Financial Professional model as Avantax Wealth Management®. Avantax Wealth Management offers services through its registered broker-dealer, registered investment advisor (“RIA”) and insurance agency subsidiaries and is a leading U.S. tax- focused independent broker dealer that works with a nationwide network of Financial Professionals operating as independent contractors. We refer to our employee-based model as Avantax Planning PartnersSM. Avantax Planning Partners offers services through its RIA and insurance agency by partnering with CPA firms to provide their consumer and small-business clients with holistic financial planning and advisory services. Collectively, we had approximately $77B in total client assets as of 12/31/2022.
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WealthManagement.com
*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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