Avantax to Acquire Headquarters Advisory Group

INVESTMENT MANAGEMENT DEALS BLOG

September 22, 2021

On August 2, 2021, Avantax Planning Partners announced that it will acquire Headquarters Advisory Group, LLC.

Under the terms of the transaction, Avantax Planning Partners (“Avantax”) will acquire Headquarters Advisory Group, LLC (“Headquarters”). The transaction, subject to customary closing conditions, is expected to close in the third quarter of 2021. Headquarters partners Samuel J. Angelo, John J. Crowe, and Michael I. Lee will join Avantax as Financial Planning Consultants. Further terms of the deal were not disclosed.

Avantax, part of Blucora, Inc’s (“Blucora”) wealth management segment, is a national financial planning and wealth management firm that partners with certified public accounting (“CPA”) firms to deliver financial and tax planning services to their clients.

Blucora (NASDAQ: BCOR), based in Irving, Texas, provides data and technology-driven solutions to financial planning. Blucora operates in two segments: (i) wealth management, through Avantax and Avantax Wealth Management brands, with approximately $85 billion in total client assets as of March 31, 2021, and (ii) tax software.

Headquarters, based in Parsippany, New Jersey, is a wealth management firm that assists law firms and CPA firms to help clients implement effective financial strategies. Headquarters has approximately $1.1 billion in total client assets.

To read the press release: please click here.