Avantax Welcomes New Financial Advisors
Avantax Inc., a prominent player in tax-focused financial planning and wealth management, has recently welcomed several independent financial advisors to its team. This strategic move not only strengthens Avantax’s position in the financial advisory space but also enhances its ability to provide clients with comprehensive, tax-intelligent financial services.
New Advisors Joining Avantax
With a collective total of approximately $390 million in assets under administration, these new financial professionals bring a wealth of experience and expertise to the Avantax community. The following advisors have joined:
Meet the New Independent Advisors
- Ali Kazemi, alongside his team at Sentinel Financial Group, has transitioned from LPL Financial.
- Amy Wright, previously affiliated with LPL Financial, will operate as Wright Financial Solutions, based near Des Moines, Iowa.
- Joseph Schwan, CPA, has moved his firm, Premier Wealth Management LLC, from LPL Financial to Avantax, based in Long Island, New York.
- Allan Thompson, an independent advisor from Lancaster, Pennsylvania, has joined Avantax from Ameriprise Financial.
- George Escobar, alongside his firm Xavier Consulting in Covina, California, has transitioned from Next Financial Group.
- Ken Ulrich and John Ariola, both independent advisors, have brought their practices to Avantax from Lincoln Financial, operating in East Amherst, New York.
- Scot Sageser and William Hubbard, also independent advisors, have joined Avantax with their Defender Financial Services Group, prior to their move from World Equity Group near Seattle.
- W. Townsend Morris, an independent financial advisor, has transitioned his practice from Kestra Financial, based in Ardmore, Pennsylvania.
Why Financial Advisors Choose Avantax
The decision for these financial professionals to join Avantax is rooted in their desire for access to top-notch tools, advanced technologies, and dedicated support from the Home Office. Avantax’s commitment to fostering a collaborative environment is particularly appealing, offering advisors the chance to connect with peers in a vibrant community.
Strengthening Community Ties
As Andy Watts, President of Avantax Wealth Management, expresses: “We are thrilled that these financial professionals chose to affiliate with Avantax. Their diverse backgrounds enhance the strength of our community, enriching the collaborative spirit that Avantax stands for.”
About Avantax
Avantax prides itself on delivering tax-intelligent wealth management solutions tailored for financial and tax professionals, including CPA firms. The company’s mission revolves around minimizing clients' tax burdens through comprehensive financial planning. Avantax operates under two main models: independent Financial Professionals and employee-based services.
Avantax Wealth Management Model
The Avantax Wealth Management model collaborates with a nationwide network of financial professionals who function as independent contractors. Services are provided through its registered broker-dealer, Avantax Investment Services, Inc., which is a member of FINRA and SIPC.
Planning Partners and Services
Alternatively, Avantax’s employee-based model, known as Avantax Planning Partners?, partners with CPA firms to deliver holistic financial planning and advisory services to consumers and small businesses alike. Collectively, Avantax boasts an impressive $92.8 billion in assets under administration as of the end of the previous year.
Frequently Asked Questions
What is Avantax's main focus?
Avantax focuses on providing tax-intelligent financial planning and wealth management solutions to its clients.
How much combined assets do the new advisors bring?
The new financial advisors have brought approximately $390 million in combined assets under administration to Avantax.
What benefits do advisors find in joining Avantax?
Advisors benefit from Avantax's tax-intelligent tools, technology, and a collaborative community that fosters innovation and client service.
Where are Avantax's new advisors located?
The new advisors are located across various regions, including California, New York, Pennsylvania, and Iowa.
What unique models does Avantax offer?
Avantax offers independent Financial Professional models and employee-based models, collaborating with CPA firms for comprehensive financial services.
