About Avantax
Avantax is a company based in Dallas (United States) founded in 1983 was acquired by Cetera in September 2023.. The company has 1,051 employees as of December 31, 2021. Avantax has completed 7 acquisitions, including GA Investment Management, Gene Bell & Associates and GuideVine.
- Headquarter Dallas, United States
- Employees 1051 as on 31 Dec, 2021
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$666.5 M1as on Dec 31, 2022
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Net Profit
$420.25 M5318as on Dec 31, 2022
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EBITDA
$544 K101as on Dec 31, 2022
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Latest Funding Round
$201.25 M (USD), Post-IPO
Mar 15, 2013
- Investors
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Employee Count
1051
as on Dec 31, 2021
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Investments & Acquisitions
GA Investment Management
& 6 more
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Acquired by
Cetera
(Sep 11, 2023)
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Leadership Team
18 people
Legal and Compliance
14 people
Software Development Team
10 people
Sales and Marketing
10 people
Finance and Accounting
9 people
Product Management Team
5 people
Investment Team
4 people
Registered Team
4 people
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Funding Insights of Avantax
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $201.2M
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First Round
First Round
(15 Mar 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2013 | Amount | Post-IPO - Avantax | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avantax
Avantax has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cetera. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Financial advisory services are offered to independent advisors and institutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avantax
Avantax has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include GA Investment Management, Gene Bell & Associates and GuideVine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Investment management services are provided by Myitws.com to clients.
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2022 | ||||
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Wealth management and investment advisory services are provided to clients.
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2019 | ||||
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Diversified investment management is handled by the firm.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avantax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avantax Comparisons
Competitors of Avantax
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avantax
Frequently Asked Questions about Avantax
When was Avantax founded?
Avantax was founded in 1983 and raised its 1st funding round 30 years after it was founded.
Where is Avantax located?
Avantax is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
How many employees does Avantax have?
As of Dec 31, 2021, the latest employee count at Avantax is 1,051.
What is the annual revenue of Avantax?
Annual revenue of Avantax is $666.5M as on Dec 31, 2022.
What does Avantax do?
Avantax was established in 1983 and is headquartered in Dallas, United States. Operations are centered in the financial services sector, where comprehensive wealth management solutions are provided to clients. Services encompass planning, investment advisory, and tax strategies, with a focus on integrated approaches to personal and business finances. The company serves individuals and advisors across the United States through its digital platform and advisory network.
How many acquisitions has Avantax made?
Avantax has made 7 acquisitions, including GA Investment Management, Gene Bell & Associates, and GuideVine.
Who are Avantax's investors?
Avantax has 1 investor. Key investors include Cetera.