Wealth Management Companies Are Paying Off Their Profits With Cash In The Pocket

Wealth Management companies like Avantax Wealth Management have been making waves in the wealth management space for quite some time, especially after the recent market meltdown and massive losses on their stock.

In a recent article, Avantex CEO Andrew Pyle said that AvantX had recorded $7.7 billion in net income over the last three years.

In total, AvanteX has more than $8 billion in assets, and the company had a net loss of $1.8 billion for the quarter ending June 30.