On January 28, 2025, Avantax® Inc. announced that it acquired the assets of Sweeney Kovar.
Avantax® Inc. (“Avantax”) announced on January 28, 2025, that it acquired the assets of Sweeney Kovar, LLP (“Sweeney Kovar”). Under the terms of the deal, firm founder Joseph C. Kovar and Sweeney Kovar’s 12 staff members will join Avantax. Further terms of the transaction were not disclosed.
Avantax, based in Dallas, is a tax-focused financial planning and wealth management firm. As of October 2024, Avantax had approximately $41.69 billion in regulatory assets under management through its registered investment advisor, Avantax Advisory Services, Inc.
Sweeney Kovar, based Danville, California, is a wealth management and accounting firm offering tax, accounting and financial planning services. As of September 2024, Sweeney Kovar had approximately $180 million in assets under administration.
To read the press release: please click here.