Veteran Financial Advisor Jeff – GuruFocus.com

DALLAS, June 28, 2022 (GLOBE NEWSWIRE) — Avantax®leader in tax-focused financial planning, acquired the wealth management practice of veteran financial advisor Jeffrey Steinberg, CFP®ChFC®, CLU, JD, who becomes a financial planning consultant at Avantax Planning Partners℠, the RIA (registered investment adviser) of Avantax. Steinberg was most recently part of KPS Wealth Management, LLC, a subsidiary of Avantax.

The transaction was designed to create additional growth opportunities for Steinberg while ensuring its clients continue to receive the high-quality financial advice and planning services they have come to expect. Steinberg’s wealth management practice had approximately $157 million in client assets as of May 31, 2022.

The transaction, Avantax’s first practice acquisition in Florida, arose from Steinberg’s desire to explore ways Avantax could help him plan and execute long-term strategies for business growth, customer service and business continuity.

“I spent 20 years building my practice as an advisor, and I wanted to make sure I had a plan in place to protect my business and the people most important to me – my family, my clients and my assistant. for 17 years. I achieved this with Avantax Planning Partners, and I’m excited to leverage their resources,” said Steinberg. “The Avantax team has been so genuine, professional and kind throughout this process. I feel good about this for my clients because there’s no impact on them; they’re still going to have their account at Avantax, their investments do not change, they will always come to my office, and when they call, my assistant will answer as always.This is exactly what I wanted.

From business continuity planning to long-term growth and succession planning, independent finance professionals who join Avantax’s employee-based RIA can offload back office, freeing up more time for customer service and prospecting for new business while ensuring customers receive the same tax-advantaged services they are used to, all without experiencing repapering or other disruptions .

“Jeff took a thoughtful approach to this transaction, and because Avantax is so flexible, we’ve created a structure that supports a more predictable future for his clients and his family while positioning Jeff for further growth,” said Todd Mackay. , president of Avantax Wealth Management.®. “Financial professionals who plan for their own financial futures as well as those of their clients are doing themselves a wonderful service. It’s incredibly rewarding to see Avantax and finance professionals like Jeff working together to plan for the future while staying focused on customer service, growth and what’s best for the finance professional. finance and his relatives.

About Avantax Wealth Management®
Avantax Wealth Management® offers a tax-efficient approach to comprehensive financial planning. Avantax’s Tax-Smart approach helps clients leverage taxes to create opportunities for financial growth. Most financial companies deal with taxes after the fact, if at all, even though taxes are one of life’s most complex and costly expenses. Avantax technology, tax and wealth management insights are used by Avantax financial professionals to uncover and personalize opportunities throughout their clients’ financial lifecycle to achieve better long-term results. . The wealth management segment of Blucora, Inc. (BCOR), which includes Avantax Wealth Management® and the Avantax Planning Partners℠ brands, had total client assets of $86 billion as of March 31, 2022. For more information, visit us at www.avantax.com Or on LinkedIn and Facebook.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, the CFP® the certification mark logo (with plate pattern) and the CFP® certification mark logo (with flame design) in the United States, which it authorizes for use by persons who successfully meet the initial and continuing certification requirements of the CFP Board.

Media contacts:
Tony Katsulos
Avantax
(972) 870-6654
[email protected]

Kendra Galante
StreetCred PR for Avantax
(402) 740-2047
[email protected]
[email protected]

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