Independent Broker-Dealer Cetera to Buy Avantax for $1.2 Billion

Consolidation of mid-size independent broker-dealers continues as Cetera Holdings, one of the three largest independent firms, has agreed to purchase Dallas-based wealth and tax planning firm Avantax for $1.2 billion, according to an announcement on Monday. Avantax, which has $42.6 billion in…#ceteraholdings #dallas #avantax #blucora #activist #enginecapital #cetera #mikedurbin #genstarcapital #securianfinancial

Source: Reuters: Health - September 11, 2023 Category: Consumer Health News Source Type: news