Avantax to Acquire GA Investment Management


June 5, 2024

On May 16, 2024, Avantax Inc. announced it will acquire GA Investment Management.

Avantax Inc. (“Avantax”) announced on May 16, 2024, that it had acquired GA Investment Management (“GA”). GA became part of Avantax’s registered investment advisor, Avantax Planning Partners. GA Partners Stephen Gierl, Gary Augustine, and Tim Augustine, and GA’s other financial advisors and wealth management team have joined Avantax as employee-based investment advisers and staff. Further terms of the transaction were not disclosed.

Avantax, based in Dallas, Texas, provides tax-focused wealth management and investment services for financial professionals, tax professionals and CPA firms. As of December 2023, Avantax had over $92 billion in assets under management. Avantax Planning Partners is a registered investment advisor and Avantax’s investment advisory services provider. As of March 2024, Avantax Planning Partners had over $6.3 billion in assets under management.

GA, based in Seven Fields, Pennsylvania, is an investment advisory firm that specializes in financial and retirement planning. As of May 2024, GA had over $450 million in assets under management.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.