Avantax Recruiting Outlook Remains Strong As Tax And Financial Professionals Seek Faster Growth And Superior Service; During Q2 Avantax Reported Newly Recruited Assets Of ~$141M
Portfolio Pulse from Happy Mohamed
Avantax, a tax-focused financial planning and wealth management firm, reported strong recruitment in Q2 2023, with newly recruited assets of approximately $141 million. The company welcomed over 100 independent financial professionals, including established wealth managers and newly licensed tax professionals. Avantax also successfully recruited accounting firms to its employee-based model, with six new affiliates. The firm expects a continued strong pipeline of prospective accounting firm affiliates in 2023.
August 15, 2023 | 1:20 pm
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Avantax's strong recruitment in Q2 2023 and the addition of new assets and affiliates could potentially boost the company's performance and stock value.
The strong recruitment numbers and the addition of new assets indicate a potential growth in Avantax's business. This could lead to increased revenues and profitability, which could positively impact the company's stock value.
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