The business making the acquisition boasted a total of more than $92 billion in client assets as at the end of 2023.

Avantax®, a US firm, has bought the wealth management arm of Integrated Tax & Wealth Strategies, an independent wealth management business, with $760 million in total client assets (as of December 31, 2023).

The financial terms were not disclosed.

Integrated Tax & Wealth Strategies’ founder – Brian Stephens – will continue with the tax practice. Other advisors at the business have become W-2 investment advisor representatives of Avantax Planning Partners.

Stephens’ wealth team which includes Matt Murch, Joseph Webster, Sabrina Pledger, Amy Villarreal, Kyle Pledger and Cheryl Wright have joined Avantax as employees.

Avantax sits within Cetera Holdings. It delivers tax-intelligent wealth management solutions for financial professionals, tax professionals and CPA firms.

Collectively, Avantax had $92.8 billion in total client assets (as of December 31, 2023).