Head count drops at Blucora's Avantax, but revenue per advis

Head count drops at Blucora's Avantax, but revenue per adviser rises


Head count drops at Blucora’s Avantax, but revenue per adviser rises
Revenue per Avantax adviser for 2020 totaled $111,000, at the low end of the independent brokerage and RIA business for large enterprises.
August 4, 2021
Blucora Inc. Wednesday reported a 7% year-over-year decline in the number of financial advisers registered with its broker-dealer and registered investment adviser business, Avantax, but said adviser productivity, in term of revenue per adviser during the quarter, increased 49% on the back of the last year’s rising stock market and a company push to its corporate RIA.
Blucora, a tax planning software company, entered the wealth management business half a dozen years ago, starting with its October 2015 acquisition of HD Vest Financial Services Inc. for $580 million from private equity owners. Then in 2019, it said it was paying $180 million in stock for 1st Global Inc., an independent broker-dealer that focused on taxes and CPAs.

Related Keywords

Chris Walters , Avantax Investment Services Inc , Blucora Inc , Global Inc , Headquarters Advisory Group , Hd Vest Financial Services Inc , Financial Services , Avantax Planning , New Jersey Based Headquarters Advisory Group , கிறிஸ் வால்டர்ஸ் , உலகளாவிய இன்க் , எச்டி உடுப்பு நிதி சேவைகள் இன்க் , நிதி சேவைகள் ,

© 2025 Vimarsana