Avantax Named Finalist in Practice Management Category at the 2024 WealthManagement.com “Wealthies” Industry Awards
02 Julio 2024 - 9:03AM
Avantax®, Inc., a unique community within Cetera Holdings and a
leader in tax-focused financial planning and wealth management,
announced today that it has been recognized as a finalist in the
2024 Wealth Management Industry Awards (“Wealthies”)* for Practice
Management among broker-dealers with 1,000 or more advisors. Now in
its 10th year, the annual WealthManagement.com Industry Awards
honors the individuals, organizations and companies that help
financial advisors build better businesses and create better
outcomes for their clients.
Avantax is a 2024 "Wealthies" finalist for “Avantax Rise to
Elite,” its home-grown, complimentary peer-to-peer coaching program
for firms aspiring to achieve significant growth in their wealth
management business. Crafted by the Avantax Home Office team and
Avantax Financial Professionals specifically for their
growth-oriented peers, the curriculum offers scalable, repeatable
business strategies complemented by coaching and accountability
partners.
“Rise to Elite” offers peer mentorship for financial
professionals. It provides collaborative growth through coaching,
strategic planning, and ongoing support. Central to its ethos is
the provision of access to small group coaching sessions, where
advisors can engage in discussions, share insights, and glean
wisdom and best practices from experienced mentors. The program
ensures participants are equipped with tools and knowledge needed
to grow their firms to the next level and serve clients
effectively. Beyond instruction, the program helps foster
meaningful relationships with successful Financial Professionals
who share similar aspirations and objectives.
Results achieved by “Rise to Elite” graduates underscore the
program’s efficacy. For example, there’s a notable uptick in both
AUA and client acquisition among program participants, and on
average, “Rise to Elite” graduates report a 15%-20% year-over-year
increase in their AUM in comparison to similarly situated
peers.
“We are incredibly proud of the results from Rise to Elite,
especially considering that the program is relatively new,” said
Nona Rosa, Director, Practice Management at Avantax. “Rise to Elite
personifies the heart and soul of the Avantax Community where
collaboration, not competition, is the common denominator of
success for our advisors who celebrate their peers’ growth as
robustly as their own.”
Avantax will receive recognition, alongside other finalists,
during a black-tie ceremony at the Ziegfeld Ballroom in New York
City on Sept. 5, 2024. About
Avantax®Avantax, a unique community
within Cetera Holdings, delivers tax-intelligent wealth management
solutions for financial professionals, tax professionals and CPA
firms, supporting its goal of minimizing clients’ tax burdens
through comprehensive tax-intelligent financial planning. Avantax
has two distinct, but related, models within its business: the
independent Financial Professional model and the employee-based
model. Avantax refers to its independent Financial Professional
model as Avantax Wealth Management®. Avantax Wealth Management
(AWM) works with a nationwide network of Financial Professionals
operating as independent contractors and offers its services
through its registered broker-dealer, Avantax Investment Services,
Inc., Member FINRA, SIPC, registered investment advisor (RIA),
Avantax Advisory Services, Inc., and insurance agency subsidiaries.
We refer to our employee-based model as Avantax Planning Partners℠.
Avantax Planning Partners offers services through its RIA,
insurance agency, and affiliated broker-dealer, Avantax Investment
Services, Inc., and partners with CPA firms to provide their
consumer and small-business clients with holistic financial
planning and advisory services. Collectively, Avantax had $92.8
billion in total client assets as of Dec. 31, 2023. For additional
information, please visit www.avantax.com.
*The WealthManagement.com Industry Awards program recognizes
outstanding organizations and individuals that support financial
advisor success. Listing in this publication and/or award is not a
guarantee of future investment success. This recognition should not
be construed as an endorsement of the advisor by any client. No
compensation was provided directly or indirectly by the recipient
for participation or in connection with obtaining or using the
third-party rating or award.
Media Contacts:Tony Katsulos Avantax, Inc.(972)
870-6654tony.katsulos@avantax.com
Alexandra LynnStreetCred PR for Avantax,
Inc.929-317-4240alexandra@streetcredpr.comavantax@streetcredpr.com