Avantax Inc

Avantax, Inc. engages in the provision of integrated tax-focused wealth management services and software. It operates through the Wealth Management and Tax Preparation segments. The Wealth Management segment consists of the operations of Avantax, which provides tax-focused wealth management solutions for financial advisors, tax preparers, certified public accounting firms, and its clients. The Tax Preparation segment focuses on digital tax preparation solutions for consumers, small business owners, and tax professionals. The company was founded by Naveen Mahendra Kumar Jain in March 1996 and is headquartered in Dallas, TX.

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Earnings data Q3 2024

Avantax Inc (AVTA) reports record-breaking Q4 results and optimistic 2023 outlook

Avantax Inc (AVTA) delivered a robust performance in Q4 2022, showcasing record-breaking results and strong financial metrics. While facing challenges such as regulatory impacts and financial expectations, the company remains focused on growth opportunities and strategic initiatives. With a positive outlook for 2023 and a resilient approach to market dynamics, Avantax is poised for continued success.

Avantax Inc reports robust Q1 performance and strategic growth focus

Avantax Inc (AVTA) delivered a strong Q1 2023 performance with record-setting net asset flows and revenue growth.
The company showcased financial stability, successful growth strategies, and prudent capital allocation decisions.
Challenges include sustaining growth momentum, navigating acquisitions, and optimizing cost management strategies.
Opportunities for Avantax include expanding advisory assets, strategic partnerships, and driving innovation for future growth.

Avantax Inc (AVTA) reports robust Q2 performance and growth strategies

Avantax Inc (AVTA) delivered a strong performance in Q2 2023 with positive net asset flows and operational excellence.
The company's strategic acquisitions, focus on recruitment, and risk management initiatives position it well for future growth.
While facing inquiries and operational challenges, Avantax remains committed to innovation, efficiency, and transparency for sustained success.

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Blucora is a provider of Internet-related services that operates a diverse group of Internet businesses. Its aim is to deliver long-term value to its customers, partners, and shareholders through financial discipline, operational expertise, and technology innovation.    Recently, Blucora was named one of Fortune Magazine's 100 Fastest-Growing Companies. Its online businesses reach millions of users worldwide every day.   Founded in 1996 by Naveen Jain, Blucora is headquartered in Bellevue, Washington.

Avantax (AVTA), a leader in tax-focused financial planning and wealth management, has agreed to be acquired by financial advisor, Cetera, in a deal valued at approximately $1.2 billion.

Cetera to Aquire Avantax in $1.2 Billion Cash Deal

MILWAUKEE , Sept. 11, 2023 /PRNewswire/ -- Ademi LLP is investigating Avantax (NASDAQ: AVTA) for possible breaches of fiduciary duty and other violations of law in its transaction with Cetera.

Shareholder Alert: Ademi LLP investigates whether Avantax, Inc. has obtained a Fair Price in its transaction with Cetera

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Avantax, Inc. (NASDAQ: AVTA) to Cetera Holdings for $26.00 in cash per share is fair to Avantax shareholders. Halper Sadeh encourages Avantax shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Avantax and its boar.

AVTA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avantax, Inc. Is Fair to Shareholders

Avantax Inc. AVTA, +0.50% stock was up 2.6% in premarket trades Monday after it said it agreed to be acquired by Cetera Financial Group for $26 a share in a go-private deal that values the wealth management and tax preparation company at $1.2 billion, including debt. The price values Avantax at a roughly 30% premium to its closing stock price on Friday of $19.95 a share.

Avantax to go private in deal valued at $1.2B

Avantax Stockholders to Receive $26.00 Per Share in Cash

Avantax Enters into Definitive Agreement to be Acquired by Cetera Holdings

30-year-old, California-based wealth management firm attracted by opportunities to partner with CPAs across the Avantax Community to deliver unified services to clients 30-year-old, California-based wealth management firm attracted by opportunities to partner with CPAs across the Avantax Community to deliver unified services to clients

Avantax Welcomes Anna Luke and Her Comprehensive Financial Services Team with over $230 Million in Total Client Assets

Scottsdale-based firm attracted by Avantax's technology, tax-focus and collaborative community Scottsdale-based firm attracted by Avantax's technology, tax-focus and collaborative community

Avantax Welcomes CFR Capital with $120 Million in Total Client Assets

Firm's proactive service journey and subsequent results earn nod from notable industry awards Firm's proactive service journey and subsequent results earn nod from notable industry awards

Avantax Named Finalist in Service Excellence Category at the 2023 WealthManagement.com “Wealthies” Industry Awards

DALLAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Avantax® , a leader in tax-focused financial planning and wealth management, has acquired Summit Wealth Advocates (Summit), a Minnesota-based wealth management firm with approximately $330 million in total client assets as of June 30, 2023. Prior to the acquisition, Summit was not affiliated with Avantax.

Avantax Acquires Summit Wealth Advocates Adding 7-person Team and $330 Million in Total Client Assets to Avantax's Employee-based Model

More than 100 independent Financial Professionals have joined Avantax this year through the second quarter as they seek better support, resources and more collaboration on tax-intelligent planning More than 100 independent Financial Professionals have joined Avantax this year through the second quarter as they seek better support, resources and more collaboration on tax-intelligent planning

Avantax Recruiting Outlook Remains Strong as Tax and Financial Professionals Seek Faster Growth and Superior Service

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The 3 Most Undervalued Financial Services Stocks to Buy Now: August 2023

Avantax, Inc. (NASDAQ:AVTA ) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Dee Littrell - Investor Relations Chris Walters - Chief Executive Officer Marc Mehlman - Chief Financial Officer Conference Call Participants Joshua Siegler - Cantor Fitzgerald Alexander Paris - Barrington Research Daniel Kurnos - The Benchmark Company Operator Welcome to the Q2 2023 Avantax Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

Avantax, Inc. (AVTA) Q2 2023 Earnings Call Transcript

Avantax rebranded from Blucora in Q1 and is now a pure-play wealth manager. Earnings were down in the second quarter, but revenue was up.

Why Avantax Stock Was Down 19.9% This Week

Avantax (AVTA) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.99 per share a year ago.

Avantax (AVTA) Q2 Earnings and Revenues Miss Estimates

DALLAS, July 31, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of tax-focused wealth management services, that empowers people to improve their financial wellness, will announce its second quarter 2023 financial results following market close on Wednesday, August 9, 2023.

Avantax to Announce Second Quarter 2023 Financial Results Wednesday, August 9, 2023

Synchrony Financial

Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Synchrony (SYF) or Avantax (AVTA). But which of these two stocks presents investors with the better value opportunity right now?

SYF or AVTA: Which Is the Better Value Stock Right Now?

Avantax (AVTA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Avantax (AVTA) Surges 6.0%: Is This an Indication of Further Gains?

Avantax expects revenue growth in 2023 and has implemented aggressive actions to enhance its valuation, including a Dutch tender offer and a stock repurchase program. The company offers integrated tax-focused wealth management services and platforms, and its strategy is expected to attract more clients and investors as recurrent revenue increases. Risks for Avantax include a decline in the stock market, underperformance of investments, and difficulty in attracting and retaining financial professionals.

Avantax: Very Undervalued Stock, Selling Assets, And With An Activist

NEW YORK--(BUSINESS WIRE)--Engine Capital LP, which owns approximately 2% of the outstanding shares of Avantax, Inc. (NASDAQ: AVTA) (“Avantax” or the “Company”), today announced that it has sent the below letter to the Company's Board of Directors (the “Board”). *** June 5, 2023 Avantax, Inc. 3200 Olympus Boulevard, Suite 100 Dallas, TX 75019 Attention: Board of Directors Dear Members of the Board: Engine Capital LP (together with its affiliates, “Engine” or “we”) is a significant stockholder o.

Engine Capital Issues Letter to the Board of Directors of Avantax Regarding the Urgent Need to Explore Strategic Alternatives

DALLAS, May 24, 2023 (GLOBE NEWSWIRE) -- Avantax® , a leader in tax-focused financial planning and wealth management, announced it has earned the Great Place to Work certification.

Avantax Earns 2023 Great Place to Work Certification

Hutchins and Co-CIO Ivan Gruhl will further enhance impact of research and investment management for Avantax's independent Financial Professionals and accounting firms Hutchins and Co-CIO Ivan Gruhl will further enhance impact of research and investment management for Avantax's independent Financial Professionals and accounting firms

Avantax Promotes Jennifer Hutchins to Co-Chief Investment Officer

Bruce Tuckey and Dave Renko bring decades of experience to their roles at Avantax and will help expand the Avantax Community of accounting firms and tax-focused Financial Professionals Bruce Tuckey and Dave Renko bring decades of experience to their roles at Avantax and will help expand the Avantax Community of accounting firms and tax-focused Financial Professionals

Avantax Expands Business Development Team with Veteran Financial Services Recruiters, each with More than 30 Years of Experience

Avantax, Inc. (NASDAQ:AVTA ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Dee Littrell - Investor Relations Chris Walters - Chief Executive Officer Marc Mehlman - Chief Financial Officer Conference Call Participants Jeff Schmitt - William Blair Dan Kurnos - The Benchmark Company Operator Good day, and thank you for standing by. Welcome to the Avantax First Quarter 2023 Conference Call.

Avantax, Inc. (AVTA) Q1 2023 Earnings Call Transcript

Avantax reports more than $228 million in newly recruited assets during 2023's first quarter with continued interest from growth-minded independent financial professionals and accounting firms Avantax reports more than $228 million in newly recruited assets during 2023's first quarter with continued interest from growth-minded independent financial professionals and accounting firms

Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway

Avantax (AVTA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.20. This compares to earnings of $1.06 per share a year ago.

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