Advisory services offered through HD Vest Advisory Services®. On 14 October 2015, Bellevue, WA -based company Blucora announced that it will acquire HD Vest for approximately $580 million. “Unlike the broader financial industry, which treats taxes as a once-a-year event, we believe that every financial decision is, at its core, a tax decision,” said Blucora President and CEO John Clendening, in the statement. 6333 N. State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000. They may not address the client’s goals of minimizing taxes, maximizing wealth, increasing cash flow and enabling better long-term financial outcomes. The views expressed are opinions of Western Asset Management as of the date of this material and are subject to change based on market and other conditions without notice and may differ from other investment professionals or from those of the firm as a whole. HD Vest TaxAct: URL: www.blucora.com: Blucora (formerly Infospace, Inc.) is a provider of financial services. “With the launch of Avantax, we are creating a powerful brand for HD Vest and 1st Global that aims to redefine what Tax-Smart wealth management means,” said Blucora’s President of Wealth Management Enrique Vasquez, in a statement. As your Advisor, I am affiliated with HD Vest, and First Clearing, LLC, is the clearing firm for HD Vest brokerage accounts. Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC, Investment Advisory services offered through Avantax Advisory ServicesSM, Insurance services offered through Avantax Insurance AgencySM. I want to assure you that First Clearing’s name change will have no impact Please note that there is absolutely NO ACTION REQUIRED from you. Many financial companies treat taxes as an afterthought. Check the background of your financial professional on FINRA's BrokerCheck Avantax affiliated advisors may only conduct business with residents of the states for which they are properly registered. The first Tax-Smart module included at launch focused on tax-loss harvesting, with additional modules slated to be added by year end. This is our purpose. TaxAct provides digital tax preparation solution for individuals, business owners and tax professionals. The company's products and services consist of tax preparation and wealth management, through TaxAct and HD Vest. Last month, Blucora announced it was acquiring 1st Global for $180 million in stock (see HD Vest parent Blucora to acquire 1st Global for $180M ). New figures released by the bank include the average level of yearly revenues (fees and commissions) per financial advisor. Vest Investment Securities, Inc. dba H.D. Avantax Investment ServicesSM and Avantax Advisory ServicesSM are not affiliated with Wymer Brownlee Wealth Strategies. In summary, First Global joined the happy family of HD Vest so it was decided that this was a great time to come with a new company name that would represent the entity, hence Avantax Wealth Management SM was born. Investments & Insurance Products: Are not insured by the FDIC or any federal government agency- Are not deposits of or guaranteed by the bank or any bank affiliate- May lose Value. If you want to change your name, please contact our support services team at 877-488-9308. HD Vest Financial Services is an independent broker/dealer firm that offers financial planning and asset management services. — Check out HD Vest-1st Global Deal: ‘The Consolidation Continues’ on ThinkAdvisor. Our firm’s wealth management support and services provider, HD Vest Financial Services ® , is being renamed Avantax Wealth Management SM on Sept. 16, 2019. This content is for educational and informational purposes only and does not represent the views and opinions of Avantax Wealth ManagementSM or its subsidiaries. This will be our legacy. The cultures and work ethics of Vest vs 1G are completely different and teams arbitrailly lumped together had 2 seperate process for running stuff for a year or more. Its been over a year and not one change/merge has improved anything. HD Vest Financial Services® to Rebrand to Avantax Wealth Management. Avantax believes that taxes have become something people dread and many financial professionals ignore. Vest Investment Services (H.D. The U.S. Supreme Court s recent ruling presents a variety of opportunities for you to assist gay clients and change previous tax filing processes. The CPA will contribute to College's RICP program and help staff focused on retirement distribution planning. The best way to deliver quality service is by understanding what clients want from your interactions. TaxAct provides digital tax preparation solution for individuals, business owners and tax professionals. Exclusive discounts on ALM and ThinkAdvisor events. As the needs of your clients and prospects change, make sure your technology can keep up. The terms and conditions of clients’ existing agreements will continue and remain unchanged, so no action is required. HD Vest-1st Global Deal: ‘The Consolidation Continues’, Schwab Launches 2 Custom-Built Variable Annuities: Portfolio Products, Wells Fargo Wealth Unit Boosts Profits, Releases More Advisor Data, Jud Mackrill Exits Carson Group to Start Fintech Firm, Sign Up for the Inside Wealth Management Newsletter, Sign Up for the Career Advantage Newsletter. Blucora to Rebrand HD Vest, 1st Global as Avantax Wealth Management By Melanie Waddell | September 09, 2019 at 01:47 PM The move is intended to increase awareness of the firm's tax-focused approach. The community believes that most financial decisions, at their core, are tax decisions. Harry Dent: Market Crash Coming in 2-3 Years; Economy ‘Already Dead’, ARK's Cathie Wood: Big Shift From Bonds to Stocks Is Coming, 33 Undervalued Stock Picks for 2021: Morningstar, 11 Key Pieces of Biden's $1.9T Stimulus Plan. Vest) of Irving, Texas submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly failing to timely and/or accurately report customer complaints, and failing to adequately supervise variable annuity … Advance your career and take your firm's production to the next level with FREE practice-management tips. Why did they change? Propelling the Advisor-Client Journey with a Robust Client Portal. Answer these questions to ensure you can increase client satisfaction and prospect engagement in 2021. (Enter your name exactly as it appears on your license. The Avantax family of companies exclusively provide financial products and services through its financial representatives. HD Vest Financial Services ® is the holding company for the group of companies providing financial services under the HD Vest name. Blucora, Inc. provides technology-enabled financial solutions to consumers, small businesses and tax professionals. In June, the company launched a new proprietary Tax-Smart investing software platform, which seeks to help advisors systematically capture tax alpha for clients. 1st Global is a tax-focused wealth management firm and, like HD Vest, … Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com. Advisor Technology Outlook: Questions You Should Be Asking Your Advisor Tech. Also, Direxion rolls out World Without Waste ETF. Therefore our group has changed our name and website from HDVReps,com to WealthManagementReps.com. Although Avantax Wealth ManagementSM does not provide or supervise tax or accounting services, Avantax Representatives may offer these services through their independent outside business. The name change has no impact on client accounts or the services we provide. If you have any questions, don’t hesitate to call your client relationship coordinator. The merger from 1st Global and HD vest is an absolute nightmare in everyway. Securities offered through HD Vest Investment Services ®, Member SIPC Advisory Services offered through HD Vest Advisory Services SM 6333 N. State Highway 161, Fourth Floor, Irving, TX 75038 | (972) 870-6000 Send a Release ... HD Vest Financial Services ® is the holding company for the group of companies providing financial services under the HD Vest name. Preserve wealth with help from advanced tax planning and risk management strategies. HD Vest Financial Services ® is the holding company for the group of companies providing financial services under the HD Vest name. In addition to these fees, please note that certain other operational or other fees or charges may apply. The executive steps down as Carson’s chief marketing officer after two years to co-found Milemarker in South Carolina. “With the launch of Avantax, we are creating a powerful brand for HD Vest and 1st Global that aims to redefine what Tax-Smart wealth management means,” said Blucora’s President of Wealth Management Enrique Vasquez. This information is not intended as tax or legal advice. H.D. Please note that not all of the investments and services mentioned are available in every state. Our first priority is helping you take care of yourself and your family. Get the latest best practices, relevant stats and industry trends - quickly and easily. Your article was successfully shared with the contacts you provided. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Is Now the Time to Refinance or Buy a New Home? Our firm’s wealth management support and services provider, HD Vest Financial Services®,  is being renamed Avantax Wealth ManagementSM on Sept. 16, 2019. Avantax WM Holdings SM is the holding company for the group of companies providing financial services under the Avantax SM name. We are Protective Life. Please consult legal or tax professionals for specific information regarding your individual situation. Please change your search terms and try again. Blucora Inc. said Monday that it plans to unify its two wealth management divisions, HD Vest and 1st Global Inc., into a new brand called Avantax Wealth Management that will focus on tax planning. HD Vest and 1st Global are combining into a new company called Avantax Wealth Management — and with the name change comes a new headquarters and … How to Exceed Investor Service Expectations: An Advisor's Guide to Expanding Value Propositions. HD Vest Investment Services may change this fee schedule at any time. We will tear down the barriers that prevent so many people from enjoying the peace of mind and satisfaction that come from taking care of their future financial needs and the needs of their families. 3 586469 (Rev 08 - … Blucora, Inc. provides technology-enabled financial solutions to consumers, small businesses and tax professionals. “With this unification and rollout of new tools, Blucora, the first and largest holistic tax-focused financial provider, further strengthens its position and ability to provide clients with integrated tax and wealth management.”. Client Services Hours: Monday – Friday 7 AM to 7 PM CST HD Vest Financial Services® is changing its name to Avantax Wealth ManagementSM to better reflect the company’s beliefs and the unique value its community of financial advisors provide to clients. The move, the company said, is designed to bring broader awareness to the firm’s Tax-Smart wealth management approach, providing tax-focused advice with cutting-edge tools and software. If you have any questions regarding the applicability of these fees, please contact your HD Vest Advisor. Please note, your name should match the spelling on file for your license … Prior to joining Kestra Financial in September 2016, Joel worked with HD Vest Financial Services for 26 years, serving in a number of positions, including chief financial officer. *Evan Guido and Jamie Zinkhan, HD Vest Advisors. Hours after the announcement and publication of Financial Planning 's story, representatives for HD Vest said the new combined firm would have a new name … How to Plan for the Unexpected in Your Business Budget. This month, you will receive a very small mailing regarding the name change of First Clearing, LLC. Together, HD Vest and 1st Global have a total of 4,200 affiliated advisors who oversee more than $67 billion in client assets. This name change will not result in any changes to your investments or to any other products and services you receive. Avantax Wealth ManagementSM is not responsible for and does not control, adopt, or endorse any content contained on any third party website. Include all suffixes (Jr, III, etc) in the Last Name field.) The name change has no impact on client accounts or the services we provide. This move will help HD Vest continue to grow and expand, and HD Vest will still retain its independence and current business operations structure. Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved. David Knoch, the president of 1st Global, is getting ready for the close of the acquisition of his financial advisory firm by Blucora, the parent company of HD Vest, and is making plans for aligning with a former rival. Work flows tripled. “Each year investors give up 1-2 percentage points of performance to taxes — we look forward to working with our advisors to elevate their businesses, communicate the importance of a tax-focused approach, and most importantly provide better solutions and results for clients.”. Blucora acquired tax-focused broker-dealer 1st Global in early May, which added scale and expanded Blucora’s established tax-optimized financial services footprint. HD Vest and 1st Global have a total of 4,200 affiliated advisors, who oversee more than $67 billion in client assets. In August 2013, HD Vest Financial Services re-branded as HD Vest Financial Services and updated their logo and color palette. For more than 100 years, our mission has remained boldly alive in our name. After Sept. 16, clients will see communications and statements referencing Avantax Investment ServicesSM for securities and investment products and Avantax Advisory ServicesSM for investment advisory services. HD Vest Financial Services ® is the holding company for the group of companies providing financial services under the HD Vest name. Avantax Wealth Management believes that the key to long-term financial success lies at the intersection of taxes and wealth management – and seeks to provide Wymer Brownlee Wealth Strategies with the support and capabilities needed to deliver tax-smart financial services. The rebranding is expected to take place in two phases, with HD Vest converting to the Avantax Wealth Management name in mid-September, followed by 1st Global pending regulatory approval. Content, links, and some material within this website may have been created by a third party for use by an Avantax affiliated representative. Securities offered through HD Vest Investment Services ®, Member FINRA/ SIPC. It's been around since … Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions. With more than 35 years of leadership experience in the financial services field, he has consistently delivered improved productivity and higher profit margins. HD Vest Financial Services ® is the holding company for the group of companies providing financial services under the HD Vest name. Financial Professionals, For assistance logging in, please call (866) 218-8206, Option 2, Option 3. The company's products and services consist of tax preparation and wealth management, through TaxAct and HD Vest. Securities offered through HD Vest Investment Services ®, Member SIPC Advisory Services offered through HD Vest Advisory Services SM 6333 N. State Highway 161, Fourth Floor, Irving, TX 75038 | (972) 870-6000 A notification mailing from Avantax Wealth Management President Enrique Vasquez will be sent to all our financial services clients. InfoSpace changed its name to Blucora and NASDAQ symbol from INSP to BCOR on June 7, 2012.