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Blucora, the parent company of tax-centric broker/dealer Avantax Wealth Management, has been embroiled in a proxy battle over the last several weeks with RIA and investor Ancora, which owns about 3.4% of Blucora’s shares. Ancora is seeking four seats on Blucora’s board of directors, and argues the company has mismanaged the broker/dealer, sending many advisors fleeing for other firms. WealthManagement.com has covered the battle at every turn. The fight comes to a head Wednesday, when shareholders vote on whether to keep the existing board of directors, or elect Ancora’s nominees. |
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