Acquisition · Activity not yet classified
Summit Wealth Advocates
Transaction overview
Reported acquisition
Announced:
Exact closing date not established.
Avantax reported acquiring Summit Wealth Advocates, with its advisers and staff joining the employee-based Avantax Planning Partners model.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Avantax Acquires Summit Wealth Advocates Adding 7-person Team and $330 Million in Total Client Assets to Avantax’s Employee-based Model ↗
Avantax · Published Aug 22, 2023
Reports the acquisition and the Summit team’s move into the employee-based model, which the release identifies as Avantax Planning Partners. No exact closing date is stated.