Blucora Announces New Corporate Name and Ticker Symbol
January 25 2023 - 7:00AM
Blucora, Inc. (NASDAQ: BCOR), a leading provider of tax-focused
wealth management services, today announced a corporate name change
to Avantax, Inc. and a change of its NASDAQ ticker symbol from
“BCOR” to “AVTA” effective as of 12:01 a.m. Eastern Time on
Thursday, January 26, 2023 (the “Effective Date”). Despite this
name change, the CUSIP number (095229100) remains unchanged.
On the Effective Date, the Company’s common stock will be quoted
under the new name “Avantax, Inc.,” and the Company’s ticker symbol
will be updated to “AVTA.” No action is required by existing
Blucora stockholders with respect to the name or ticker change.
The Company’s Chief Executive Officer Chris Walters said, "We
have transformed our company. This name and ticker symbol change is
an extension of that transformation and aligns with our goal to
raise awareness of Avantax as a pure-play, tax-focused wealth
management business."
About Blucora® / Avantax®
Blucora, Inc. (NASDAQ: BCOR), which will become Avantax, Inc.
(NASDAQ: AVTA) on January 26, 2023, delivers tax-focused wealth
management solutions for Financial Professionals, tax professionals
and CPA firms, supporting our goal of minimizing clients’ tax
burdens through comprehensive tax-focused financial planning. We
have two distinct, but related, models within our business: the
independent Financial Professional model and the employee-based
model. We refer to our independent Financial Professional model as
Avantax Wealth Management®. Avantax Wealth Management offers
services through its registered broker-dealer, registered
investment advisor (RIA), and insurance agency subsidiaries and is
a leading U.S. tax-focused independent broker-dealer that works
with a nationwide network of Financial Professionals operating as
independent contractors. We refer to our employee-based model as
Avantax Planning Partners℠. Avantax Planning Partners offers
services through its RIA and insurance agency by partnering with
CPA firms to provide their consumer and small-business clients with
holistic financial planning and advisory services. Collectively, we
had $73 billion in total client assets as of September 30,
2022.
For additional information, please visit us at
www.avantax.com.
Source: Blucora / AvantaxInvestor Relations:
Dee Littrell (972) 870-6463 IR@Avantax.com
Media Contacts:Tony KatsulosAvantax(972)
870-6654tony.katsulos@avantax.com
Kendra GalanteStreetCred PR for Avantax(402)
740-2047kendra@streetcredpr.com avantax@streetcredpr.com
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