Goldman Sachs,
Rutgers University,
Molnár,
Insurance,
Cetera Financial Group,
Growth,
RIA,
Corporate development,
CPA,
University,
M&A,
University of Chicago,
Genstar Capital,
Accenture,
MBA,
Arthur Andersen,
SAN,
CMA,
London School of Economics,
Financial adviser SAN DIEGO, April 25, 2024 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, has named Michael Molnar its Head of Corporate Development. Molnar, a Wall Street veteran who has been a buy-side investor, an investment banker and a sell-side analyst, previously led corporate development, M&A and succession planning for Avantax, Inc., acquired by Cetera Holdings in November 2023.
Key Points:
- A Wall Street veteran, Molnar spent the past four years with Avantax, Inc., the tax-focused wealth management firm acquired by Cetera last year
SAN DIEGO, April 25, 2024 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, has named Michael Molnar its Head of Corporate Development.
- Molnar, a Wall Street veteran who has been a buy-side investor, an investment banker and a sell-side analyst, previously led corporate development, M&A and succession planning for Avantax, Inc., acquired by Cetera Holdings in November 2023.
- Molnar will lead corporate development for the combined Cetera-Avantax organization, overseeing the M&A team focused on acquisitions and succession solutions.
- Molnar replaces Ken Bond and will now lead the combined corporate development organization while working closely with Cetera Financial Group CFO Jeffrey Buchheister and Cetera Holdings CEO Mike Durbin.
Retrieved on:
Tuesday, November 21, 2023
DALLAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Joshua B. Heims, AIF®, and Alan Gnoinski and their Lincoln Sparrow Advisors team to the Avantax Community.
Key Points:
- DALLAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Joshua B. Heims, AIF®, and Alan Gnoinski and their Lincoln Sparrow Advisors team to the Avantax Community.
- The financial advisors have approximately $100 million in total client assets as of September 2023.
- We met a lot of the Avantax team, and we really liked the longevity of their employees,” said Heims.
- In welcoming Heims, Gnoinski and their team, Avantax Wealth Management President Todd Mackay said: “Josh and Al are amazing additions to the Avantax Community.
Retrieved on:
Thursday, November 16, 2023
Woman,
Community,
Social Security,
Home Office,
Tulane University,
Risk management,
Investment,
Tax,
History,
RIAS,
Conference,
Finance,
Expo Hall,
Retirement,
Growth,
National Conference,
Education,
Management,
Financial adviser This year’s Avantax National Conference marked the firm’s 40th business anniversary.
Key Points:
- This year’s Avantax National Conference marked the firm’s 40th business anniversary.
- During his opening remarks, Avantax Wealth Management President Todd Mackay lauded the Avantax Community and its more than 3,100 independent Financial Professionals who have driven powerful results.
- It’s why Avantax has been so successful for 40 years, and it’s why I believe we’ll be successful for decades to come.
- Avantax also continued successfully recruiting accounting firms to its employee-based model (which Avantax refers to as Avantax Planning Partners℠ ).
Retrieved on:
Sunday, November 12, 2023
If you are an Avantax shareholder, click here to learn more about your rights and options .
Key Points:
- If you are an Avantax shareholder, click here to learn more about your rights and options .
- If you are a FNCB shareholder, click here to learn more about your rights and options .
- Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
- Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.
Retrieved on:
Thursday, November 9, 2023
Secure America Now,
Broker-dealer,
Education,
RIAS,
CPA,
Business,
Advisor Group,
Traction,
Investment,
Tax advisor,
Financial adviser We’re excited about having a symbiotic relationship like that.”
Key Points:
- We’re excited about having a symbiotic relationship like that.”
Similarly, Ervolina chose Avantax for its tax-focused community.
- “I found the ease of doing business with Avantax attractive, and I really like their CPA network.
- Even though I’ve only been on board since August, the move to Avantax has been beneficial already,” Ervolina said.
- “Avantax quickly introduced me to a CPA here locally, and we’re getting to know each other.
(1) See reconciliations of all non-GAAP to GAAP measures presented in this release in the tables below, including the definitions in the notes to such tables.
Key Points:
- (1) See reconciliations of all non-GAAP to GAAP measures presented in this release in the tables below, including the definitions in the notes to such tables.
- Upon the closing of the transactions contemplated by the Merger Agreement, Avantax will operate as a privately-held company.
- Avantax expects the closing to occur by the end of November 2023.
- In light of the pending closing pursuant to the Merger Agreement, we will not be hosting a third quarter 2023 earnings conference call or take follow-up questions from the investment community.
Retrieved on:
Thursday, October 12, 2023
Watson’s longtime accounting firm partner, Spartanburg, SC-based Lee MacBay Hamilton & Associates LLC, also affiliated with Avantax.
Key Points:
- Watson’s longtime accounting firm partner, Spartanburg, SC-based Lee MacBay Hamilton & Associates LLC, also affiliated with Avantax.
- “We have many long-standing clients, and we’re now a multi-generational practice serving grandparents and their grandkids in some cases,” said David Wilson, CPA, a partner with Lee MacBay Hamilton & Associates.
- “Referring our clients for financial planning takes a lot of trust, but with Aaron working side-by-side with us that’s never been an issue.
- All those people are still there with Avantax, and that means a lot,” Watson said.
Retrieved on:
Tuesday, October 10, 2023
DALLAS, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Bob Ervolina, J.D., Certified Wealth Strategist®, and his Lifetime Wealth Management Group, near Buffalo, NY.
Key Points:
- DALLAS, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomes Bob Ervolina, J.D., Certified Wealth Strategist®, and his Lifetime Wealth Management Group, near Buffalo, NY.
- Ervolina transferred to Avantax from Securities America, a broker-dealer of Osaic (formerly Advisor Group) because he wanted to be part of a close-knit community of financial advisors and tax professionals.
- Even though I’ve only been on board since August, the move to Avantax has been beneficial already,” Ervolina said.
- In fact, 20 years ago, Avantax created its Strategic Partnership Program, pairing Avantax-affiliated tax and financial professionals to deliver wealth management services to the tax professional’s clients.
Retrieved on:
Tuesday, September 19, 2023
Business development,
Male,
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households,
FP,
IBD,
Professional,
Calendar,
Woman,
McKinsey & Company,
Financial plan,
GDP,
United,
Female,
Financial adviser DALLAS, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Avantax ®, a leader in tax-focused financial planning and wealth management, has the second-highest ratio of women as a percentage of producing reps – 24% – when compared with all other broker dealers in Financial Planning magazine’s IBD Elite 2023 study.
Key Points:
- DALLAS, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Avantax ®, a leader in tax-focused financial planning and wealth management, has the second-highest ratio of women as a percentage of producing reps – 24% – when compared with all other broker dealers in Financial Planning magazine’s IBD Elite 2023 study.
- Avantax’s ratio of women Financial Professionals also compares favorably to the industry average of 18% (Dec. 31, 2020, Cerulli Lodestar data).
- Financial Planning’s IBD Elite 2023 study methodology: Results are based on data from 45 participating firms in the IBD Elite.
- No compensation was given in connection with Avantax being ranked in the IBD Elite 2023 study.
Retrieved on:
Monday, September 11, 2023
BMO Capital Markets,
LLP,
Haynes,
Cetera Financial Group,
Sustainability Accounting Standards Board,
PJT Partners,
RIA,
Tax,
Sidley Austin,
Cyprus Securities and Exchange Commission,
Sale,
Acquisition,
Willkie Farr & Gallagher,
AVTA,
LOS,
UBS,
Development,
Fidelity,
TaxAct,
Management,
Financial adviser,
Cryptocurrency,
Cetara DALLAS and LOS ANGELES, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA) (the “Company”), a leader in tax-focused financial planning and wealth management, and Cetera Financial Group (“Cetera”), the premier financial advisor Wealth Hub, announced today that Avantax and Aretec Group, Inc. d/b/a Cetera Holdings, the holding company of Cetera, have entered into a definitive agreement whereby Cetera Holdings will acquire all of the issued and outstanding equity of Avantax in an all-cash transaction valuing Avantax at approximately $1.2 billion, inclusive of Avantax’s net debt.
Key Points:
- Through the transaction, Cetera will retain Avantax’s legal entities, core technology, product offerings and existing clearing and custody relationships.
- Holders of shares of Avantax common stock will receive $26.00 in cash per share, without interest and subject to required withholding taxes.
- We are executing against our multi-custodian aspirations, and capturing new markets and adjacencies,” said Adam Antoniades, CEO of Cetera Financial Group.
- PJT Partners is acting as financial advisor to Avantax, and Sidley Austin LLP and Haynes and Boone, LLP are serving as legal counsel to Avantax.
