DALLAS, Nov. 30, 2022 (GLOBE NEWSWIRE) — “Power of Community” drove the Avantax Wealth Management® National Conference 2022 in Atlanta, where the company hosted 1,100 independent finance professionals, wealth management assistants, Department of Interior staff and education partners.

Avantax President Todd Mackay welcomed attendees to a discussion on the power of the Avantax community’s attributes – sharing a common vision, spirit of collaboration and commitment to commitment – driving Avantax’s success, including some findings, the organization has never achieved before.

“It has been a great privilege for me to stand in front of so many members of the Avantax community and let them know that today, Avantax is stronger than ever in our history,” said Mackay. “Because of the way our finance professionals, wealth management assistants, home office staff and education partners interact and support one another, we are seeing successes not seen in our organization’s 30-year history.”

Mackay provided a number of examples of the success of the Avantax Community, including:

• Year-to-date net asset inflows of $810 million, the highest since at least 2015
• Operational and processing efficiencies resulting in the lowest NIGO (not in good condition) rates in Avantax’s history
• Avantax processing times for items in good condition are less than one day
• A record number of tax-focused finance professionals migrating from our competitors to Avantax
• Avantax Financial Professional’s opinion, as measured by semi-annual surveys, has increased 30 percentage points over the past two years.
  

Mackay added, “In addition to our shared vision to fundamentally transform the way Americans plan and invest, Avantax and its finance professionals offer a unique, differentiated value proposition to their clients and the industry at large. The conference is the true force of the Avantax community and proves our unique family culture.”

In addition to…