Blucora’s Avantax to acquire $1.1 billion New Jersey RIA

Avantax, the wealth management arm of Blucora, a Dallas-based financial technology firm, has agreed to acquire Parsippany, New Jersey-based Headquarters Advisory Group, a registered investment adviser managing approximately $1.1 billion in assets.

The transaction, terms of which were not disclosed, is expected to close before the end of September.

Avantax’s in-house RIA currently manages $85 billion.

After the transaction closes, Headquarters Advisory Group partners Samuel J. Angelo, John J. Crowe and Michele I. Lee will become financial planning consultants with Avantax Planning Partners, formerly HK Financial Services.

The post Blucora’s Avantax to acquire $1.1 billion New Jersey RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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