{"id":757322,"date":"2023-05-10T09:19:46","date_gmt":"2023-05-10T13:19:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/"},"modified":"2023-05-10T09:19:46","modified_gmt":"2023-05-10T13:19:46","slug":"avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/","title":{"rendered":"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway"},"content":{"rendered":"<h2>\nAvantax reports more than $228 million in newly recruited assets during 2023\u2019s first quarter with continued interest from growth-minded independent financial professionals and accounting firms<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">DALLAS, May  10, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.avantax.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Avantax\u00ae<\/a>, a leader in tax-focused financial planning and wealth management, continued to have a robust recruiting pipeline during the first quarter as growth-minded Financial Professionals and accounting firms look to leverage Avantax\u2019s value proposition of serving clients at the intersection of tax and wealth management.<\/p>\n<p align=\"left\">\u201cFinancial Professionals are telling us they\u2019ve plateaued where they are, they\u2019re not getting the referrals they expected, and their growth has stalled out. They see Avantax\u2019s deep network of CPAs and tax professionals as a significant growth opportunity,\u201d said Tim Stewart, VP and Head of Business Development at Avantax. \u201cAnother industry reality is that M&amp;A has created a lot of noise, disruption and uncertainty, so advisors are looking for a stable broker-dealer partner, and that\u2019s helping fill our recruiting pipeline.\u201d<\/p>\n<p align=\"left\">Stewart added that succession planning is becoming a more frequent focus of advisors who are considering transferring to Avantax.<\/p>\n<p align=\"left\">\u201cAdvisors work extremely hard to grow their firms into valuable businesses, and they want to know that there are solid succession plans in place for their planned retirement or if something unforeseen were to happen,\u201d Stewart said. \u201cAvantax helps Financial Professionals with every aspect of succession planning, whether they\u2019re selling to a family member, a partner, another Financial Professional or to Avantax, succession planning means their life\u2019s work can be properly valued, their families can be protected, and their clients will continue to receive the tax-focused financial planning they rely on, without interruption.\u201d<\/p>\n<p align=\"left\">During the first quarter, 54 independent Financial Professionals affiliated with Avantax, including Walter \u201cWally\u201d Pardo, CWS\u00ae\ufe0f, PPC\u2122 and his New Jersey-based Wealth Financial Partners LLC team. Pardo transferred to Avantax after being affiliated with Independent Financial Group for nine years. He was referred by a current Avantax Financial Professional.<\/p>\n<p align=\"left\">\u201cFrom the beginning, the language I heard from Avantax was all about tax mitigation and proactive tax planning on behalf of clients, which is my world already, so that was incredibly important,\u201d said Pardo, CEO of Wealth Financial Partners. \u201cThere aren\u2019t many broker-dealers that embrace tax like Avantax does, and I like that they\u2019re standing behind their tax strategy and that they proactively take that tax-focused approach to their advisors in a very positive way.\u201d<\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.avantax.com\/for-financial-pros-cpas-tax-pros\/financial-pros\" rel=\"nofollow noopener\" target=\"_blank\">Financial Professionals<\/a> are transferring to Avantax from a variety of channels, including large broker-dealers, RIAs and regional firms.<\/p>\n<p align=\"left\">Avantax also continued successfully recruiting accounting firms to its employee-based RIA model (which Avantax refers to as <a href=\"https:\/\/www.avantax.com\/for-financial-pros-cpas-tax-pros\/tax-professionals-cpas\/support-operations\" rel=\"nofollow noopener\" target=\"_blank\">Avantax Planning Partners\u2120<\/a>) with nine new affiliates across five new accounting firms. Avantax expects a continued strong pipeline of prospective accounting firm affiliates in 2023.<\/p>\n<p align=\"left\">Tax and accounting professionals entering wealth management for the first time are also choosing Avantax because they continue to see the need to obtain the licensing and education so they can directly provide tax-advantaged financial planning and wealth management services instead of referring clients to a local banker or broker who might not view investments with tax implications in mind.<\/p>\n<p align=\"left\">Tax and Financial Professionals can learn more about Avantax by <a href=\"http:\/\/www.avantax.com\/join-us\" rel=\"nofollow noopener\" target=\"_blank\">clicking here<\/a>.<\/p>\n<p align=\"left\">\n        <strong>About Avantax\u00ae <\/strong><br \/>\n        <br \/>Avantax, Inc. (NASDAQ: AVTA) delivers tax-focused financial planning and wealth management solutions for Financial Professionals, tax professionals and CPA firms, supporting our goal of minimizing clients\u2019 tax burdens through comprehensive tax-focused financial planning. We have two distinct, but related, models within our business: the independent Financial Professional model and the employee-based model. We refer to our independent Financial Professional model as Avantax Wealth Management\u00ae.\u00a0Avantax Wealth Management offers services through its registered broker-dealer, registered investment advisor (RIA), and insurance agency subsidiaries and is a leading U.S. tax-focused independent broker-dealer that works with a nationwide network of Financial Professionals operating as independent contractors. We refer to our employee-based model as Avantax Planning Partners\u2120. Avantax Planning Partners offers services through its RIA and insurance agency by partnering with CPA firms to provide their consumer and small-business clients with holistic financial planning and advisory services. Collectively, we had $80.6 billion in total client assets as of March 31, 2023. For additional information, please visit us at <a href=\"http:\/\/www.avantax.com\" rel=\"nofollow noopener\" target=\"_blank\">www.avantax.com<\/a>. You can also find us on <a href=\"https:\/\/www.linkedin.com\/company\/avantax-wealth-management\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>.<\/p>\n<p align=\"left\">\n        <strong>Media Contacts:<\/strong><br \/>\n        <br \/>Tony Katsulos <br \/>Avantax, Inc.<br \/>(972) 870-6654<br \/><a href=\"mailto:tony.katsulos@avantax.com\" rel=\"nofollow noopener\" target=\"_blank\">tony.katsulos@avantax.com<\/a><\/p>\n<p align=\"left\">Kendra Galante<br \/>StreetCred PR for Avantax, Inc.<br \/>(402) 740-2047<br \/><a href=\"mailto:kendra@streetcredpr.com\" rel=\"nofollow noopener\" target=\"_blank\">kendra@streetcredpr.com<\/a><br \/><a href=\"mailto:avantax@streetcredpr.com\" rel=\"nofollow noopener\" target=\"_blank\">avantax@streetcredpr.com<\/a><\/p>\n<p align=\"left\">\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/>Dee Littrell<br \/>Avantax, Inc. <br \/>(972) 870-6463<br \/><a href=\"mailto:IR@avantax.com\" rel=\"nofollow noopener\" target=\"_blank\">IR@avantax.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNTU0OSM1NTg0OTQ2IzIwMDQzMzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NTc1NGQ1YmQtOWVjOS00MmRkLTk0YmQtYTUwNjhmNjdlNzk2LTEwMTU5MDg=\/tiny\/Avantax-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avantax reports more than $228 million in newly recruited assets during 2023\u2019s first quarter with continued interest from growth-minded independent financial professionals and accounting firms DALLAS, May 10, 2023 (GLOBE NEWSWIRE) &#8212; Avantax\u00ae, a leader in tax-focused financial planning and wealth management, continued to have a robust recruiting pipeline during the first quarter as growth-minded Financial Professionals and accounting firms look to leverage Avantax\u2019s value proposition of serving clients at the intersection of tax and wealth management. \u201cFinancial Professionals are telling us they\u2019ve plateaued where they are, they\u2019re not getting the referrals they expected, and their growth has stalled out. They see Avantax\u2019s deep network of CPAs and tax professionals as a significant growth opportunity,\u201d said Tim Stewart, VP and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-757322","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Avantax reports more than $228 million in newly recruited assets during 2023\u2019s first quarter with continued interest from growth-minded independent financial professionals and accounting firms DALLAS, May 10, 2023 (GLOBE NEWSWIRE) &#8212; Avantax\u00ae, a leader in tax-focused financial planning and wealth management, continued to have a robust recruiting pipeline during the first quarter as growth-minded Financial Professionals and accounting firms look to leverage Avantax\u2019s value proposition of serving clients at the intersection of tax and wealth management. \u201cFinancial Professionals are telling us they\u2019ve plateaued where they are, they\u2019re not getting the referrals they expected, and their growth has stalled out. They see Avantax\u2019s deep network of CPAs and tax professionals as a significant growth opportunity,\u201d said Tim Stewart, VP and &hellip; Continue reading &quot;Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-10T13:19:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNTU0OSM1NTg0OTQ2IzIwMDQzMzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway\",\"datePublished\":\"2023-05-10T13:19:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\\\/\"},\"wordCount\":756,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgzNTU0OSM1NTg0OTQ2IzIwMDQzMzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\\\/\",\"name\":\"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/","og_locale":"en_US","og_type":"article","og_title":"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway - Market Newsdesk","og_description":"Avantax reports more than $228 million in newly recruited assets during 2023\u2019s first quarter with continued interest from growth-minded independent financial professionals and accounting firms DALLAS, May 10, 2023 (GLOBE NEWSWIRE) &#8212; Avantax\u00ae, a leader in tax-focused financial planning and wealth management, continued to have a robust recruiting pipeline during the first quarter as growth-minded Financial Professionals and accounting firms look to leverage Avantax\u2019s value proposition of serving clients at the intersection of tax and wealth management. \u201cFinancial Professionals are telling us they\u2019ve plateaued where they are, they\u2019re not getting the referrals they expected, and their growth has stalled out. They see Avantax\u2019s deep network of CPAs and tax professionals as a significant growth opportunity,\u201d said Tim Stewart, VP and &hellip; Continue reading \"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-10T13:19:46+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNTU0OSM1NTg0OTQ2IzIwMDQzMzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway","datePublished":"2023-05-10T13:19:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/"},"wordCount":756,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNTU0OSM1NTg0OTQ2IzIwMDQzMzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/avantax-reports-robust-recruiting-pipeline-as-prospects-continue-to-see-tax-advantaged-wealth-management-as-a-preferred-growth-pathway\/","name":"Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway - 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