Avantax Wealth Management Launches New Affiliation, Referral Businesses
December 11, 2020 By Diana Britton, WealthManagement.com Avantax recently added new CPA referrals for advisors at the IBD as well as those affiliating under a new, full-time employee model. Avantax Wealth Management, Blucora’s wealth management business created from the acquisitions of HD Vest and 1st Global, recently launched two new affiliation models to help recruit and support financial professionals whose value proposition is largely tax-centric financial planning. The firm continues to run its independent broker/dealer model, which serves tax-focused advisors who want to run their businesses independently. But executives at the firm recently added multiple new referral models where tax professionals and CPA firms can refer relationships to one of Avantax’s independent financial advisors at the IBD, as well as to a new W-2 advisor affiliation model stemming from parent Blucora's acquisition of HK Financial Services, a CPA-focused registered investment advisor, earlier this year. “We’re in...