Avantax Acquires Summit Wealth Advocates Adding 7-Person Team And $330M In Total Client Assets To Avantax's Employee-Based Model
Portfolio Pulse from Benzinga Newsdesk
Avantax has acquired Summit Wealth Advocates, adding a 7-person team and $330M in total client assets to Avantax's employee-based model.
August 22, 2023 | 1:17 pm
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POSITIVE IMPACT
Avantax's acquisition of Summit Wealth Advocates could potentially increase its asset base and strengthen its employee-based model.
The acquisition of Summit Wealth Advocates by Avantax is likely to have a positive impact on Avantax's stock. The addition of a 7-person team and $330M in total client assets could potentially increase Avantax's asset base and strengthen its employee-based model, which could make the company more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100