Avantax Recruits $200 Million Veteran Advisor from LPL
Avantax, a tax-focused financial planning firm, has recruited Las Vegas-based Sullivan Financial Services Inc.
Avantax, a tax-focused financial planning firm, has recruited Sullivan Financial Services Inc., a Las Vegas-based firm led by veteran financial advisor Tom Sullivan, who previously spent 24 years with LPL Financial.
Sullivan Financial Services oversees more than $200 million in total client assets and provides holistic financial services, including estate planning, trust services and comprehensive financial planning.
“For me, it was time for a change, to be with a firm where you don’t get lost, you’re not on hold forever, and you can get better customer service and a better overall experience,” Sullivan said. “Other firms have cut down on available offerings, and I really like the Avantax product lineup because things like 1031 exchanges are important to us…”
According to the company, Sullivan works with a variety of high-net-worth clients, including small-business owners, entrepreneurs and physicians and built his firm by developing partnerships with estate planning attorneys and certified public accountants.
“Tom is a terrific fit with Avantax because he values strong relationships with accounting firms, and we look forward to helping him engage even more with tax professionals and CPAs in the Avantax Community,” said Todd Mackay, president of Avantax Wealth Management.
Sullivan holds a finance degree from the University of Nevada, Las Vegas, a certified financial planner designation, and is a member of the National Institute for Estate Planners.
Avantax Wealth Management offers a tax-advantaged approach for comprehensive financial planning. The wealth management segment of Blucora, Inc. (NASDAQ: BCOR), which includes the Avantax Wealth Management and Avantax Planning Partners brands, had a collective $89 billion in total client assets as of December 31, 2021.
