Avantax Wealth Management (formerly H.D. Vest Financial Services, Inc.,) the nation's largest provider of financial services delivered through tax professionals, was founded in 1983 by Herb Vest. H.D. Vest became a wholly owned subsidiary of Wells Fargo & Company in 2001. The company is headquartered in Irving, TX and provides financial planning services, including securities, insurance, money management, and business advice. As of 2007, there were 5,400+ independent H.D. Vest advisors in all 50 states. In 2011, Wells Fargo & Co. sold H.D. Vest to Parthenon Capital Partners.
Although Avantax employs thousands of independent financial representatives, the firm is legally responsible for the advice and recommendations offered by its representatives with regard to compliance with the rules of the securities industry. When a client suffers damages or severe loss as a result of a representative’s wrongful action, or if a financial advisor acts against the interest of a client, the firm can be held legally liable for the results.
If you have suffered damages due to the misconduct of an Avantax financial advisor, you may be able to recover your losses with the help of investment fraud lawyers. Meyer Wilson attorneys are experienced in securing the rights of our clients against large investment firms such as H.D. Vest Financial Services. We represent clients all over the world, and conduct arbitration through the Financial Industry Regulatory Authority (FINRA) and the American Arbitration Association (AAA). If you have been wronged by an investment broker, we can make your voice heard.