Avantax Overview
- Year Founded
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1983
- Status
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Acquired/Merged
- Employees
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3,111
- Latest Deal Type
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Buyout/LBO
- Financing Rounds
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12
- Investments
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34
Avantax General Information
Description
Avantax Inc is a provider of integrated tax-focused wealth management services and software, assisting consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms. The firm has two distinct models in business: the independent Financial Professional model and the employee-based model. It refers to the independent Financial Professional model as Avantax Wealth Management offering services through its registered broker-dealer, registered investment advisor (RIA), and insurance agency subsidiaries. The employee-based model refers to Avantax Planning Partners offering services through its RIA and insurance agency by partnering with CPA firms to provide their consumer and small-business clients with financial planning and advisory services.
Contact Information
Website
www.avantax.com(Operating Subsidiary)
Corporate Office
- 3200 Olympus Boulevard
- Suite 100
- Dallas, TX 75019
- United States
Corporate Office
- 3200 Olympus Boulevard
- Suite 100
- Dallas, TX 75019
- United States
Avantax Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Avantax Comparisons
Industry
Financing
Details
Avantax Competitors (31)
One of Avantax’s 31 competitors is Intuit, a Formerly VC-backed company based in Mountain View, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Intuit | Formerly VC-backed | Mountain View, CA | ||||
| PayPal Holdings | Formerly VC-backed | San Jose, CA | ||||
| Xero | Corporation | Wellington, New Zealand | ||||
| Drake Software | Private Equity-Backed | Franklin, NC | ||||
| Finicity | Formerly VC-backed | Salt Lake City, UT |
Avantax Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Avantax Patents
Avantax Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20050256766-A1 | Method and system for targeted internet search engine | Inactive | 31-May-2002 | ||
| US-20040198322-A1 | Method and system for session management of short message service enabled applications | Inactive | 12-Apr-2002 | ||
| US-20030190029-A1 | Method and system for generating a reward from a selected telephone carrier | Inactive | 03-Apr-2002 | ||
| US-20030154179-A1 | Virtual scratch card system and method | Inactive | 08-Feb-2002 | ||
| US-20030100320-A1 | Efficient hyperlinks for transmitted hyperlinked information | Inactive | 31-Oct-2001 | H04L67/75 |
Avantax Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Avantax Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Avantax Investments & Acquisitions (34)
Avantax’s most recent deal was a Merger/Acquisition with WealthCare Financial. The deal was made on 01-May-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| WealthCare Financial | 01-May-2025 | Merger/Acquisition | Other Financial Services | ||
| Sweeney Kovar | 28-Jan-2025 | Merger/Acquisition | Accounting, Audit and Tax Services (B2B) | ||
| SEP Financial Services | 26-Sep-2024 | Merger/Acquisition | Other Financial Services | ||
| GA Investment Management | 15-Apr-2024 | Merger/Acquisition | Other Financial Services | ||
| Davis & Associates CPA Firm | 31-Dec-2023 | Merger/Acquisition | Accounting, Audit and Tax Services (B2B) |
Avantax Exits (13)
Avantax’s most recent exit was on 30-May-2014 from HowStuffWorks. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| HowStuffWorks | 30-May-2014 | Completed |
|
||
| Monoprice | 22-Aug-2013 | Completed |
|
||
| TaxACT | 31-Jan-2012 | Completed |
|
||
| Mercantila | 10-May-2010 | Completed |
|
||
| Voicebox | 30-Mar-2005 | Early Stage VC | Completed |
Avantax Affiliates
Subsidiaries (6)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Summit Wealth Advocates | Prior Lake, MN | 2010 | |
| SEP Financial Services | Goshen, NY | 2007 | |
| WealthCare Financial | Indianapolis, IN | 1997 | |
| WebCrawler | Los Angeles, CA | 1994 | |
| Sweeney Kovar | Danville, CA | 1984 |
Avantax FAQs
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When was Avantax founded?
Avantax was founded in 1983.
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Where is Avantax headquartered?
Avantax is headquartered in Dallas, TX.
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What is the size of Avantax?
Avantax has 3,111 total employees.
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What industry is Avantax in?
Avantax’s primary industry is Financial Software.
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Is Avantax a private or public company?
Avantax is a Private company.
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What is the current valuation of Avantax?
The current valuation of Avantax is .
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What is Avantax’s current revenue?
The current revenue for Avantax is .
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How much funding has Avantax raised over time?
Avantax has raised $748M.
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Who are Avantax’s investors?
Acorn Ventures and Cambridge Information Group have invested in Avantax.
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Who are Avantax’s competitors?
Intuit, PayPal Holdings, Xero, Drake Software, and Finicity are some of the 31 competitors of Avantax.
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When was Avantax acquired?
Avantax was acquired on 27-Nov-2023.
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Who acquired Avantax?
Avantax was acquired by Cetera Financial Group.
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