If your monthly expenses are spiraling out of control and your nest egg has remained the same or even shrunk over the years, it may be time to assess your spending behaviors. Here's what Keimani.
Former Avantax Advisors Cite Service Decline, Mounting Fees, Shrinking Payouts Amid a proxy battle with an activist investor, advisors who recently left Avantax say service levels suffered and fees rose after parent company Blucora acquired and combined their broker/dealers.
Last month, RIA and investor Ancora started a public proxy battle with executives of Blucora, the parent company of Avantax Wealth Management, the tax-centric broker/dealer created from the acquisitions of HD Vest and 1st Global. Ancora argues Blucora is mismanaging Avantax, resulting in a net loss of 100 advisors over the previous year, and over 700 advisors over the last five years.