BCOR 8-K
Grayscale Bitcoin Adopters ETF (BCOR)
8-K
2021-08-26
For: 2021-08-26
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August 12, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices)
(972 ) 870-6400
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On August 26, 2021, Blucora, Inc. (the “Company”) issued a press release announcing that it has closed its acquisition of New Jersey-based Headquarters Advisory Group, LLC.
The information in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) is being furnished pursuant to Item 7.01 and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No | Description | |||||||
Press Release, issued August 26, 2021 (furnished pursuant to Item 7.01). | ||||||||
| 104.1 | Cover Page Interactive Data File (embedded within the Inline XBRL Document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: August 26, 2021 | ||||||||
| BLUCORA, INC. | ||||||||
| By | /s/ Ann J. Bruder | |||||||
| Ann J. Bruder | ||||||||
| Chief Legal, Development and | ||||||||
| Administrative Officer and Secretary | ||||||||
EXHIBIT 99.1
Avantax Completes Acquisition of Headquarters Advisory Group, LLC
DALLAS – (Aug. 26, 2021) – Avantax℠, a leader in tax-focused financial planning, has closed its acquisition of New Jersey-based Headquarters Advisory Group, LLC, with approximately $1.1 billion in total client assets as of June 30, 2021. The acquisition expands the nationwide footprint of Avantax’s in-house RIA (registered investment advisor).
In connection with the transaction, Headquarters Advisory Group partners Samuel J. “Skip” Angelo, John J. Crowe, and Michele I. Lee continue with the Avantax family by becoming Financial Planning Consultants with Avantax Planning Partners℠. Headquarters Advisory Group has a long history with Avantax and one of its predecessor companies, 1st Global, and ranked among the Top 5 Avantax affiliated firms at the time of the closing of the acquisition.
“This transaction shows how Avantax’s flexible affiliation models accommodate virtually any strategy a Financial Professional wants to pursue, from growing an as independent business operator to shedding the administrative burdens that come with owning a practice and joining our in-house RIA instead,” said Todd Mackay, President of Avantax Wealth Management℠. “Everyone approached this transaction with energy and enthusiasm. We’re eager to pursue the high-growth potential throughout the Northeast with Skip, John, Michele and their team while ensuring their current clients continue receiving the tax-advantaged services they’ve come to expect.”
With the closing of the Headquarters Advisory Group acquisition, since the acquisition of Avantax Planning Partners, a total of $1.3 billion of total client assets have moved from Avantax’s independent contractor model to its employee-based RIA model as a result of independent Avantax affiliates choosing to sell their practices to Avantax and join Avantax’s in-house RIA. $1.3 billion would have represented approximately 20% of Avantax’s employee-based RIA model’s total client assets at June 30, 2021. Avantax’s employee-based RIA model’s total client assets include both Avantax Planning Partners’ total client assets and the $1.3 billion of acquired client assets that were formerly part of Avantax’s independent contractor model.
Avantax Wealth Management and Avantax Planning Partners are part of the wealth management segment of Blucora, Inc. (NASDAQ: BCOR), which had a collective $88 billion in total client assets as of June 30, 2021.
About Avantax Planning Partners℠
Avantax Planning Partners℠ 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.
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Avantax Completes Acquisition of Headquarters Advisory Group, LLC/Page 2
About Avantax Wealth Management℠
Avantax Wealth Management℠ offers a tax-advantaged approach for comprehensive financial planning. Avantax’s Tax-Smart approach helps 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 technology, tax and wealth management insights are used by Avantax Financial Professionals to uncover and tailor opportunities across their clients’ financial lifecycles to help enable better long-term outcomes. The wealth management segment of Blucora, Inc. (NASDAQ: BCOR), which includes the Avantax Wealth Management℠ and Avantax Planning Partners℠ brands, had a collective $88 billion in total client assets as of June 30, 2021. For more information, please visit us at www.avantax.com or on LinkedIn and Facebook.
About Blucora®
Blucora, Inc. (NASDAQ: BCOR) is a provider of data and technology-driven solutions that empower people to improve their financial wellness. Blucora operates in two segments including (i) wealth management, through its Avantax Wealth Management℠ and Avantax Planning Partners℠ brands, with a collective $88 billion in total client assets as of June 30, 2021, and (ii) tax software, through its TaxAct business, a market leader in tax software with approximately 3 million consumer and approximately 24,500 professional users in 2021. 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.
Media Contact:
Tony Katsulos
Avantax
(972) 870-6654
Investor Contact:
Dee Littrell
Blucora, Inc.
(972) 870-6463
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