Blucora announces year-to-date newly recruited assets of $1.3B

Avantax "continued its record-breaking recruiting results as 74 independent Financial Professionals affiliated with Avantax during the third quarter of 2022, driving year-to-date newly recruited assets to approximately $1.3 billion; this is roughly $329 million more than Avantax’s record performance in all of 2021," the company said. "Our traction with Financial Professionals is growing along with their appetite to access the Avantax network of CPAs and tax professionals. Likewise, tax and accounting professionals are coming to Avantax because they want to introduce holistic financial planning to their clients for the upcoming tax season," said Tim Stewart, Vice President and Head of Business Development for Avantax. "Every day we talk with prospective recruits who worry if they can’t provide the financial planning, wealth management and Tax Alpha clients expect, then their tax clients might leave and take all their business to someone else." During the third quarter, 74 independent Financial Professionals affiliated with Avantax, including Sergio T. Rodriguez, CWS, founder of Rodriguez Wealth Management, which transferred to Avantax from PNC Investment Services.