Avantax reports 79% growth in FY22 newly recruited assets
- During Q4, Avantax (NASDAQ:AVTA) contributed to FY22 newly recruited assets of ~$1.7B, an increase of ~79% from prior year.
- The company also continued successfully recruiting accounting firms to its employee-based model with the new affiliation of three large accounting firms.
- It expects a continued strong pipeline of prospective accounting firm affiliates in 2023.