Avantax Acquires Summit Wealth Advocates Adding 7-person Team and $330 Million in Total Client Assets to Avantax's Employee-based Model
DALLAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, has acquired Summit Wealth Advocates (Summit), a Minnesota-based wealth management firm with approximately $330 million in total client assets as of June 30, 2023. Prior to the acquisition, Summit was not affiliated with Avantax. "We are in growth mode, and I was looking for a partner who would give us the potential to grow faster by getting even deeper into client service. That's exactly what Avantax delivers," said Bruce Primeau, CPA, CFP®, PFS, who founded Summit in 2010. "As a financial advisor that also has a CPA, taking a tax-intelligent approach to financial plannin
