News, Vision & Voice for the Advisory Community


Dissecting Blucora's giant act of financial engineering -- adding a broker-dealer to a software roll-up

M&A expert Bill Ruckelshaus' Bellevue company is paying $580 million for H.D. Vest, a crazy price by some measures but not if 5.5 million existing Blucora customers can be cross-sold

Author Kelly O'Mara December 15, 2015 at 6:28 PM
no description available
Bill Ruckelshaus: The company will be a one-stop shop for tax advisors.

Stephen Winks

Stephen Winks

December 15, 2015 — 9:36 PM

Wealthcare maybe the key to making Blucora/TaxAct work. Technical competency in accounting (Accounting Standards Board) and in Advisory services (by statute, case law and regulatory opinion letters) are perfectly aligned. If WealthCare were to actually offer/support fiduciary duty (presently not available elsewhere) and would become the first firm to create the four essential financial services (1.Asset/Liability Study, 2. Investment Policy, 3 Portfolio Construction, 4. Performance Monitor) authenticated back to statute to assure fiduciary duty and professional standing; it could empower Blucora with a preemptive value proposition at a lower cost than Wells Fargo was willing to advance. Its all about Blucora’s vision and its interest in professional standing demonstably in the client’s best interest. Sounds very attractive. Most advisors would love it.

Stephen Winks

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Tiburon Strategic Advisors
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Top Executive: Charles Roame

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