Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Avantax Inc's Business Segments
Avantax Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 192
Regions Reported
-
Avantax Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Advisory Revenue56.4%
- Commission Revenue22.5%
- Asset-based Revenue17.4%
- Transaction and Fee Revenue0.5%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Advisory Revenue | $ 108 | 56.4% |
| Commission Revenue | $ 43 | 22.5% |
| Asset-based Revenue | $ 33 | 17.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
1 more categories available
Sign in to unlock the full Avantax Inc dataset.
Description of Avantax Inc
Avantax Inc is a financial services company that provides tax, wealth management, and business consulting services. The company was founded in 1983 and is headquartered in Irving, Texas.
Avantax offers a range of services, including tax preparation and planning, investment management, retirement planning, estate planning, college savings plans, insurance consulting, and small business consulting. The company has a network of over 4,000 independent financial advisors who offer these services to clients across the United States.
Avantax's tax services include both income tax preparation for individuals and businesses, as well as tax planning to help clients minimize their tax liability. The company's wealth management services include investment management, retirement planning, and estate planning. Avantax also offers insurance consulting services to help clients find the most appropriate insurance products to meet their needs.
The business consulting services offered by Avantax include small business accounting, bookkeeping, payroll, and other financial management services. The company provides advice and guidance to help small business owners increase profitability, reduce expenses, and manage their finances more effectively.
Avantax is committed to providing a personalized and comprehensive approach to financial services. The company's financial advisors work closely with clients to understand their unique financial situations and goals, and develop customized plans to help them achieve their objectives. Avantax also offers a range of educational resources and tools to help clients make informed financial decisions.
Overall, Avantax is a leading financial services company that provides a wide range of tax, wealth management, and business consulting services to individuals and small businesses across the United States. The company's commitment to personalized service and comprehensive financial planning make it a trusted partner for clients seeking to achieve their financial goals.
Avantax offers a range of services, including tax preparation and planning, investment management, retirement planning, estate planning, college savings plans, insurance consulting, and small business consulting. The company has a network of over 4,000 independent financial advisors who offer these services to clients across the United States.
Avantax's tax services include both income tax preparation for individuals and businesses, as well as tax planning to help clients minimize their tax liability. The company's wealth management services include investment management, retirement planning, and estate planning. Avantax also offers insurance consulting services to help clients find the most appropriate insurance products to meet their needs.
The business consulting services offered by Avantax include small business accounting, bookkeeping, payroll, and other financial management services. The company provides advice and guidance to help small business owners increase profitability, reduce expenses, and manage their finances more effectively.
Avantax is committed to providing a personalized and comprehensive approach to financial services. The company's financial advisors work closely with clients to understand their unique financial situations and goals, and develop customized plans to help them achieve their objectives. Avantax also offers a range of educational resources and tools to help clients make informed financial decisions.
Overall, Avantax is a leading financial services company that provides a wide range of tax, wealth management, and business consulting services to individuals and small businesses across the United States. The company's commitment to personalized service and comprehensive financial planning make it a trusted partner for clients seeking to achieve their financial goals.
Avantax Inc. is a prominent financial services company recognized for its broad array of segments, products, and services tailored to meet the varying financial needs of individuals, businesses, and institutions. By emphasizing innovative solutions and a personalized approach, Avantax aims to empower its clients to achieve their financial aspirations effectively. Below is an extensive overview of the segments, products, and services offered by Avantax Inc.:
1. Wealth Management
Avantax’s wealth management services encompass a holistic approach to managing and growing clients’ assets. The key offerings include:
- Investment Management: Tailored investment strategies that align with clients financial goals, risk tolerance, and time horizons are developed. This may include asset allocation, portfolio diversification, and performance monitoring.
- Estate Planning: Avantax assists in structuring clients’ estates in a manner that maximizes benefits for beneficiaries, minimizes tax liabilities, and ensures assets are distributed according to the client’s wishes.
- Retirement Planning: Comprehensive planning that includes setting retirement goals, assessing income needs, and creating sustainable withdrawal strategies from retirement accounts.
- Tax Planning: Strategic tax planning services to minimize tax liabilities through the utilization of tax-advantaged investments and exploring various tax-saving opportunities.
Tax Planning and Preparation
Avantax specializes in providing robust tax planning and preparation services, catering to both individuals and businesses. This includes:
- Tax Preparation: Expert preparation of federal, state, and local tax returns using an understanding of the latest tax laws and regulatory requirements.
- Tax Planning: Ongoing tax strategy development throughout the year to manage tax obligations effectively and optimize financial outcomes.
- Tax Reform Planning: Keeping clients informed about new tax laws and regulations and how they may affect their financial situation, enabling proactive adjustments to tax strategies.
- Payroll Tax Compliance: Ensuring compliance with payroll tax obligations to avoid penalties and maintain good standing with tax authorities.
- IRS Representation: Providing assistance and representation for clients facing audits or disputes with the IRS, ensuring their rights are protected.
Insurance
To safeguard against various risks, Avantax offers a comprehensive suite of insurance products. These include:
- Life Insurance: Options ranging from term life to whole life policies, which can provide financial security for loved ones in the event of an untimely passing.
- Disability Insurance: Income protection plans designed to provide clients with financial support in the event that they become unable to work due to a disability.
- Long-Term Care Insurance: Insurance that covers long-term care needs, ensuring clients receive the necessary care without depleting their savings.
- Annuities: Insurance products that provide a steady income stream, helping clients plan for retirement and protect against the risk of outliving their savings.
Business Services
Avantax understands the complexities faced by small and medium-sized enterprises and offers targeted services to foster their growth. These include:
- Business Consulting: Strategic consulting services aimed at improving operational efficiencies, enhancing profitability, and driving business growth.
- Accounting and Bookkeeping: Comprehensive accounting services, including financial statement preparation, budgeting, forecasting, and regular bookkeeping to ensure accurate financial tracking.
- Payroll Processing: Streamlined payroll services to manage employee compensation, tax withholding, and compliance with labor regulations.
- Business Succession Planning: Strategies that ensure a smooth transition of ownership when business owners retire or exit, protecting the interests of the business and its stakeholders.
Education Planning
Recognizing the financial implications of education, Avantax offers services to help families manage education costs. This includes:
- 529 College Savings Plans: Expert guidance on establishing and managing tax-advantaged 529 plans, which help families save for future college expenses.
- Education Funding Strategies: Development of personalized education funding plans that account for income, expected college costs, and scholarship opportunities.
- Financial Aid Assistance: Support in navigating the financial aid application process, including completing the FAFSA and understanding potential aid options.
Retirement Planning
Avantax provides specialized services aimed at ensuring a secure and comfortable retirement. Notable services include:
- Retirement Income Planning: Analyzing expenses, savings, and potential income sources to ensure clients can sustain their desired lifestyle in retirement.
- Social Security Analysis: Assistance in strategizing the optimal time to claim Social Security benefits to maximize payouts.
- Long-Term Care Planning: Evaluating potential long-term care needs and integrating options into the client’s overall retirement plan.
- Medicare Planning: Providing clients with information and resources to navigate Medicare options and ensure adequate health coverage during retirement.
Conclusion
Avantax Inc. stands as a comprehensive financial services provider, presenting a wide spectrum of segments, products, and services designed to meet the diverse financial objectives of individuals, businesses, and institutions. With a commitment to personalized service and expertise across various financial arenas, Avantax serves as a dependable partner for clients seeking tailored financial solutions.
1. Wealth Management
Avantax’s wealth management services encompass a holistic approach to managing and growing clients’ assets. The key offerings include:
- Investment Management: Tailored investment strategies that align with clients financial goals, risk tolerance, and time horizons are developed. This may include asset allocation, portfolio diversification, and performance monitoring.
- Estate Planning: Avantax assists in structuring clients’ estates in a manner that maximizes benefits for beneficiaries, minimizes tax liabilities, and ensures assets are distributed according to the client’s wishes.
- Retirement Planning: Comprehensive planning that includes setting retirement goals, assessing income needs, and creating sustainable withdrawal strategies from retirement accounts.
- Tax Planning: Strategic tax planning services to minimize tax liabilities through the utilization of tax-advantaged investments and exploring various tax-saving opportunities.
Tax Planning and Preparation
Avantax specializes in providing robust tax planning and preparation services, catering to both individuals and businesses. This includes:
- Tax Preparation: Expert preparation of federal, state, and local tax returns using an understanding of the latest tax laws and regulatory requirements.
- Tax Planning: Ongoing tax strategy development throughout the year to manage tax obligations effectively and optimize financial outcomes.
- Tax Reform Planning: Keeping clients informed about new tax laws and regulations and how they may affect their financial situation, enabling proactive adjustments to tax strategies.
- Payroll Tax Compliance: Ensuring compliance with payroll tax obligations to avoid penalties and maintain good standing with tax authorities.
- IRS Representation: Providing assistance and representation for clients facing audits or disputes with the IRS, ensuring their rights are protected.
Insurance
To safeguard against various risks, Avantax offers a comprehensive suite of insurance products. These include:
- Life Insurance: Options ranging from term life to whole life policies, which can provide financial security for loved ones in the event of an untimely passing.
- Disability Insurance: Income protection plans designed to provide clients with financial support in the event that they become unable to work due to a disability.
- Long-Term Care Insurance: Insurance that covers long-term care needs, ensuring clients receive the necessary care without depleting their savings.
- Annuities: Insurance products that provide a steady income stream, helping clients plan for retirement and protect against the risk of outliving their savings.
Business Services
Avantax understands the complexities faced by small and medium-sized enterprises and offers targeted services to foster their growth. These include:
- Business Consulting: Strategic consulting services aimed at improving operational efficiencies, enhancing profitability, and driving business growth.
- Accounting and Bookkeeping: Comprehensive accounting services, including financial statement preparation, budgeting, forecasting, and regular bookkeeping to ensure accurate financial tracking.
- Payroll Processing: Streamlined payroll services to manage employee compensation, tax withholding, and compliance with labor regulations.
- Business Succession Planning: Strategies that ensure a smooth transition of ownership when business owners retire or exit, protecting the interests of the business and its stakeholders.
Education Planning
Recognizing the financial implications of education, Avantax offers services to help families manage education costs. This includes:
- 529 College Savings Plans: Expert guidance on establishing and managing tax-advantaged 529 plans, which help families save for future college expenses.
- Education Funding Strategies: Development of personalized education funding plans that account for income, expected college costs, and scholarship opportunities.
- Financial Aid Assistance: Support in navigating the financial aid application process, including completing the FAFSA and understanding potential aid options.
Retirement Planning
Avantax provides specialized services aimed at ensuring a secure and comfortable retirement. Notable services include:
- Retirement Income Planning: Analyzing expenses, savings, and potential income sources to ensure clients can sustain their desired lifestyle in retirement.
- Social Security Analysis: Assistance in strategizing the optimal time to claim Social Security benefits to maximize payouts.
- Long-Term Care Planning: Evaluating potential long-term care needs and integrating options into the client’s overall retirement plan.
- Medicare Planning: Providing clients with information and resources to navigate Medicare options and ensure adequate health coverage during retirement.
Conclusion
Avantax Inc. stands as a comprehensive financial services provider, presenting a wide spectrum of segments, products, and services designed to meet the diverse financial objectives of individuals, businesses, and institutions. With a commitment to personalized service and expertise across various financial arenas, Avantax serves as a dependable partner for clients seeking tailored financial solutions.