|Bid||15.51 x 1300|
|Ask||18.00 x 800|
|Day's Range||15.88 - 16.65|
|52 Week Range||8.37 - 24.50|
|Beta (5Y Monthly)||1.65|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 17, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 09, 2008|
|1y Target Est||17.50|
TaxAct® today announced the launch of its 2020 digital and download tax preparation products, giving filers the power to maximize their tax refunds for up to 30 percent less1 than the other providers in the DIY tax space. Designed to be a value-focused solution for Americans of all tax situations, TaxAct helps filers uncover unique tax advantages they may not have considered and discover the financial possibilities their tax returns create for them.
DALLAS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR) today released the following letter to stockholders. Dear Fellow Stockholder –As we begin 2021, I wanted to thank you for your investment in Blucora. Blucora’s Board, management team, and employees appreciate the trust you have placed in us, and, as the new management team and newly refreshed board start our first full year together, we remain committed to executing our plan to realize Blucora’s long-term potential.While 2020 was a truly unprecedented year that included challenges on many fronts, I am encouraged by the significant progress made in establishing the foundation for Blucora’s success in 2021 and beyond, including: * Operating effectively during the pandemic, including transitioning the vast majority of our team to working from home; * Refining our strategy with clear strategic priorities at the corporate and business unit levels; * Reorganizing our team to position us to deliver on our strategy; * Bolstering our leadership team, adding talented new executives including a Chief Financial Officer, Chief Growth and Marketing Officer, Chief Human Resources Officer, and technical leadership (both Chief Information Officer and Chief Technology Officer), as well as expanding responsibilities for a number of our top-performing executives; and * Renegotiating the terms of the acquisition of HK Financial Services (“HKFS”), a fast-growing, highly profitable registered investment advisor, to be more favorable to Blucora and then completing the acquisition and rebranding HKFS as Avantax Planning Partners. The start of a year is always exciting, but it is particularly so for our business with the start of tax season. The team looks forward to the opportunity to implement our refined marketing approach, launch our online-assisted offering for all customers, and deliver additional product enhancements. Additionally, with the HKFS acquisition, we will be able to pursue a substantially increased addressable market and unlock synergies between our business lines. I expect that our team will continue to make significant progress in 2021, which will be our team’s first full year together executing our refined long-term growth strategy, and look forward to sharing progress as the year unfolds.I am also proud of our ongoing commitment to strong governance and robust oversight of the business. In 2020, we welcomed three new independent directors to the Board. In addition to bringing deep expertise aligned with the core components of Blucora’s strategy, our new independent directors further enhance the diverse perspectives and backgrounds of the Board. Now, more than 60% of our independent directors are women and/or racially diverse. We are already benefiting from our new directors’ engagement as we execute on our plans for the business.I wish you and your families a safe and healthy 2021.Best,Chris WaltersAbout Blucora® Blucora, Inc. (NASDAQ: BCOR) is on the forefront of financial technology, a provider of data and technology-driven solutions that empowers people to improve their financial wellness. Blucora operates in two segments including (i) wealth management, through its tax-focused Avantax Wealth Management and HK Financial Services brands, with a collective $76 billion in total client assets as of September 30, 2020 and (ii) tax preparation, through its TaxAct business, a market leader in tax preparation software with approximately 3 million consumer and 20,000 professional users in 2020. With integrated tax focused software and wealth management, Blucora is uniquely positioned to assist our customers in achieving better long-term outcomes via holistic, tax-advantaged solutions. For more information on Blucora, visit www.blucora.com.Source: BlucoraContact: Blucora Investor Relations IR@Blucora.com (972) 870-6463This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “may,” “will,” “potential,” “continues” and similar expressions and variations. Actual results may differ significantly from management’s expectations due to various risks and uncertainties including, but not limited to those factors described in the Risk Factors section of the Form 10-K and quarterly report on Form 10-Q most recently filed by the Blucora with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Blucora undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.
Avantax Planning Partners℠ and its RIA model serve CPAs holistically with turnkey tax, wealth management, client development and financial planning services DALLAS, Jan. 04, 2021 (GLOBE NEWSWIRE) -- HK Financial Services (“HKFS”), a fast-growing, CPA-focused registered investment advisor (“RIA”), has been rebranded Avantax Planning Partners and will operate alongside Avantax Wealth ManagementSM. The combined companies offer unique, flexible affiliation models, with the RIA model being particularly attractive to mid-size to large accounting firms.The acquisition of HKFS in July 2020 by Blucora, Inc. (NASDAQ: BCOR), the parent company of Avantax, added an attractive model for accounting firms looking to holistically serve their clients with the addition of wealth management services. Under its new brand, Avantax Planning Partners will continue its legacy of offering a turnkey wealth management program for its affiliates while delivering comprehensive tax and financial planning services, as well as client development, training, marketing, compliance services and more.Avantax Planning Partners further strengthens Avantax’s flexible affiliation models, which include: * An independent broker-dealer for tax and wealth management professionals for whom independence is paramount; * Multiple referral models for tax professionals who prefer a partnership or affiliation model through which their clients’ financial planning needs are met; and * An employee-based model serving CPAs and tax professionals by partnering with Avantax’s in-house RIA. “Avantax Planning Partners has allowed us to broaden how Tax and Financial Professionals can affiliate with Avantax, including the in-house RIA model, which is particularly attractive to large accounting firms,” said Avantax Wealth Management President, Todd Mackay. “Flexible affiliation models are core to the Avantax value proposition because they offer powerful ways for us to partner with Tax and Financial Professionals of all sizes, from sole practitioners, to multi-partner CPA firms. Additionally, our multiple affiliation model provides a turnkey solution for our independent Financial Professionals looking to transition their wealth management book of business.”The new, more tightly aligned branding will not alter the client experience.“The HKFS business model remains unchanged – as Avantax Planning Partners, we will continue working hand-in-hand with CPAs and tax professionals to provide turnkey wealth management and financial planning services to their clients,” said Louie Rosalez, President of Avantax Planning Partners. “There will be no change in our relationships with our current affiliates or our service to clients. Our team remains laser focused on delivering the high-touch experience clients have come to know, and expect, from us.”As part of the brand alignment, the in-house retirement offering that was formerly referred to as HK Financial Services Retirement Plan Services will now be referred to as Avantax Retirement Plan Services℠. It will continue providing full fiduciary services, investment management, dedicated administration and support, and employee enrollment and education. This offering, available to all Tax and Financial Professionals affiliated with Avantax, serves a broader base of business clients in a more holistic manner. “Our thesis behind the highly complementary acquisition of HKFS was that it would help Avantax expand the ways its works with accounting firms and tax professionals, while also supporting Blucora’s growth objectives,” said Blucora President and Chief Executive Officer Chris Walters. “The rebranding is an important, public-facing demonstration that our lines of business are tightly aligned. We are confident that our differentiated tax-focused wealth management strategy and market position are compelling for the right Financial Professionals and their customers, and likewise, will support our future growth.”About Blucora® Blucora, Inc. (NASDAQ: BCOR) is on the forefront of financial technology, a provider of data and technology-driven solutions that empowers people to improve their financial wellness. Blucora operates in two segments, including (i) wealth management, through its tax-focused Avantax Wealth Management and Avantax Planning Partners (formerly HKFS) brands, with a collective $76 billion in total client assets as of September 30, 2020 and (ii) tax preparation, through its TaxAct business, a market leader in tax preparation software with approximately 3 million consumer and 20,000 professional users in 2020. With integrated tax focused software and wealth management, Blucora is uniquely positioned to assist our customers in achieving better long-term outcomes via holistic, tax-advantaged solutions. For more information on Blucora, visit www.blucora.com.About Avantax Wealth Management℠ Avantax Wealth Management℠ (which comprises the Wealth Management business of Blucora, Inc.) offers a tax-advantaged approach for comprehensive financial planning. Through its Tax-Smart approach, Avantax Financial Professionals help clients leverage taxes to create financial growth opportunities. Most financial companies treat taxes as an afterthought, or not at all, even though taxes are one of life’s most complex and costly expenses. Avantax uses technology, tax and wealth management insights to uncover tailored and advantageous opportunities across our clients’ financial lifecycles to help enable better long-term outcomes.About Avantax Planning Partners℠ Avantax Planning PartnersSM is a national financial planning and wealth management firm that partners with CPA firms to combine and deliver holistic financial and tax-planning services to their clients. Using the Guidance Planning Strategies planning tool, Avantax Planning Partners visually lays out a long-term plan, considering a wide array of financial decisions and their potential impacts on clients’ financial health. Through this unique and proven approach, Avantax Planning Partners and CPA firms help clients make progress toward their financial goals through strategies such as asset management, estate planning, retirement planning, tax planning, risk management and more.About Retirement Plan Services℠ Avantax Retirement Plan ServicesSM provides a turnkey retirement plan solution designed for business owners and their employees. The comprehensive program incorporates full fiduciary coverage, investment management, dedicated services and support and employee education. The retirement plan services team customizes plans designed to have a meaningful impact for business owners and their employees. The comprehensive services allow clients to minimize retirement plan administration, reduce fiduciary risk, and provide personalized participant education.Media Contact: Dee Littrell Investor Relations IR@Blucora.com 972-870-6463Avantax WM HoldingsSM is the holding company for the group of companies providing financial services under the AvantaxSM name. Securities offered through Avantax Investment Services℠, Member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services℠ and Avantax Planning PartnersSM. Insurance services offered through licensed agents of Avantax Insurance Agency℠, Avantax Insurance Services℠, and Avantax Planning PartnersSM. 3200 Olympus Blvd., Suite 100, Dallas, TX 75019, 972-870-6000The Avantax family of companies exclusively provide investment products and services through its representatives. Although Avantax Wealth Management℠ does not provide tax or legal advice, or supervise tax, accounting or legal services, Avantax representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice. Please consult our firm and your legal professional for specific information regarding your individual situation.