Mergers and Acquisitions News Update

Avantax recently welcomed independent financial adviser, Andrew Erickson, to their team. Erickson, the founder of ClearGuide Wealth LLC, made the move to Avantax from Edward Jones after eight successful years. With around $143 million in client assets under his administration, Erickson was drawn to Avantax due to its tax-focused financial planning services and wide range of investment products. He expressed his excitement about the platform Avantax provides and highlighted their strong relationship with CPAs, emphasizing the seamless collaboration between financial planning and tax professionals.

In other news, Luma Financial Technologies and Hexure have expanded their partnership, offering integrated life insurance and annuity solutions. This collaboration enables financial advisers to manage both product lines in one convenient system. Kevin Pohmer, president of Hexure, spoke positively about the expansion, noting that the joint effort allows for streamlined access to various products from multiple carriers. By incorporating Hexure’s FireLight life insurance capabilities, Luma enhances its platform, providing a comprehensive solution for advisers seeking to handle both life insurance and annuities efficiently.

Additionally, World Insurance Associates has acquired NorthStar Insurance Services Inc. of Needham, Massachusetts. Established in 1995, NorthStar is a prominent insurance agency in New England, specializing in business and personal insurance. The agency’s acquisition of both The Insurance Center and McCrillis & Eldredge Insurance reflects its commitment to expanding and serving a wider client base. NorthStar’s dedication to personalized service combined with World Insurance Associates’ resources is sure to benefit clients seeking insurance solutions in the region.