Wealth advisory demand remains robust, with Avantax Wealth Management positioned to capture market share through integrated tax and portfolio management—an attractive proposition in volatile markets. Giving discretion to an outside firm such as Envestnet, whose tax overlay service typically costs around 10 basis points, ensures savings that are far above the fee by carrying out loss-harvesting and rebalancing across unified managed accounts, Preus said in an interview. The Berwyn, Pennsylvania-based advisor technology and asset management firm is one of several that help busy planners lock in after-tax returns through various forms of optimization . View original content to download multimedia: https://www.prnewswire.com/news-releases/former-pro-golfer-barry-jay-bj-dekreek-moves-his-advisory-practice-from-lpl-to-avantax-seeking-growth-and-enhanced-support-302551554.html Avantax Wealth Management could see valuation uplift in 2024 if macroeconomic easing drives stronger consumer confidence in equity-linked retirement products.
