Andrew Erickson Joins Avantax: A New Chapter in Wealth Management

Andrew Erickson's Transition to Avantax

Avantax Inc., a notable player in the realm of tax-focused financial planning and wealth management, has recently welcomed independent financial advisor Andrew Erickson into its community. Erickson, who has built a robust career in the financial sector, made the switch after eight successful years at Edward Jones, where he managed approximately $143 million in client assets. His decision to join Avantax reflects not only a personal career move but also a strategic shift towards enhancing the financial services he can provide to his clients.

Why Erickson Chose Avantax

Erickson’s primary motivation for joining Avantax is rooted in the firm's dedication to tax-focused financial planning. With access to an extensive range of investment products and services, he believes that Avantax empowers him to offer his clients a superior experience. "Having more tools and flexibility was essential for me to deliver the best service to my clients," he shared. Furthermore, his appreciation for Avantax’s collaborative culture, where he can engage directly with leadership and fellow professionals, played a crucial role in his decision.

Building Relationships with Tax Professionals

One of the standout aspects of Avantax that attracted Erickson is its established relationship with CPAs and the firm’s deep understanding of collaborating with tax professionals. This synergy enables him to provide clients with well-rounded advice, which takes into consideration the complexities of tax implications in financial planning. "What sealed the deal for me was Avantax’s commitment to working seamlessly with tax professionals, which I found very compelling," he said.

Erickson's Background and Expertise

Prior to his role at Avantax, Erickson was an Ivy League athlete, having played football at Dartmouth College. His competitive spirit and teamwork mentality resonate with Avantax's family-oriented and collaborative environment. Erickson is not just a financial advisor; he also holds the certifications of Certified Financial Planner (CFP®) and Certified Exit Planning Advisor (CEPA®). The latter credential equips him with the expertise to effectively assist business owners through transitions and sales of their companies.

Enhancing Client Experience

With his CEPA® certification, Erickson is poised to dramatically enhance the client experience for business owners. He emphasizes the importance of accurate business valuation and strategic transaction guidance, helping clients maximize their company's value during exits. "Clients often seek an edge, and with the resources at Avantax, I’m confident in recommending a thorough path that aligns with their best interests," he remarked. This client-centric philosophy is a core component of Erickson's practice.

The Vision Behind Avantax

Avantax is dedicated to delivering tax-intelligent wealth management solutions, bridging the gap between tax professionals and financial advisors. The firm operates through two primary models: the independent Financial Professional model, known as Avantax Wealth Management, and the employee-based model called Avantax Planning Partners. This structure allows Avantax to cater to diverse client needs effectively and with a holistic approach to financial planning.

As of the end of last year, Avantax managed a remarkable $92.8 billion in assets under administration, signifying its robust presence in the financial industry. This widespread capacity enables a significant reach, allowing Erickson and his peers to make a meaningful impact in their clients' financial journeys.

Conclusion

Andrew Erickson's transition to Avantax marks a new and exciting chapter in his career. The unique environment at Avantax, coupled with its strong commitment to tax-focused financial advisory, positions him to offer unparalleled services to his clients. This partnership not only amplifies Erickson's capabilities as a financial advisor but also contributes to Avantax's mission of providing comprehensive and intelligent wealth management solutions tailored to the evolving needs of clients.

Frequently Asked Questions

1. What motivated Andrew Erickson to join Avantax?

Erickson was motivated by Avantax's commitment to tax-focused financial planning and its array of investment products.

2. What certifications does Andrew Erickson hold?

He holds the Certified Financial Planner (CFP®) and Certified Exit Planning Advisor (CEPA®) certifications.

3. How does Avantax support financial advisors like Erickson?

Avantax provides a collaborative environment that allows advisors to work closely with CPAs and access a comprehensive suite of tools.

4. What is Avantax's model for financial professionals?

Avantax operates two models: the independent Financial Professional model and the employee-based Avantax Planning Partners.

5. How significant is Avantax's asset management?

Avantax managed approximately $92.8 billion in assets at the end of the last year, showcasing its strong industry presence.

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