Avantax Inc., a distinguished provider of tax-focused financial planning and wealth management solutions, has strategically expanded its business by acquiring the wealth management business of Integrated Tax & Wealth Strategies, an independent firm within the Avantax Community boasting $760 million in client assets as of December 31, 2023. Integrated Tax & Wealth Strategies founder, Brian Stephens, an accomplished advisor, will maintain his role in the tax practice, while his proficient wealth team, consisting of Matt Murch, CFP, Joseph Webster, CFP, Sabrina Pledger, Amy Villarreal, Kyle Pledger, and Cheryl Wright, joins Avantax as W-2 investment adviser representatives. This merger is the result of targeted negotiations, aligning with the shared belief in an integrated investment and tax preparation service model. The deal reflects both parties’ commitment to vital client relationships and anticipates further growth and service excellence within the comprehensive tax-intelligent financial planning environment. Avantax, part of Cetera Holdings, operates two models: Avantax Wealth Management for independent financial professionals and Avantax Planning Partners for employee-based services, partnering with CPA firms to offer multifaceted financial planning. As of the end of 2023, Avantax collectively managed total client assets worth $92.8 billion.
Wealth Management, Financial Planning, Tax Services,United States
https://www.globenewswire.com/news-release/2024/05/01/2873408/0/en/Avantax-Acquires-Integrated-Tax-Wealth-Strategies-760-Million-Wealth-Management-Business.html