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Blucora Buying 1st Global

Tuesday, Mar 26 2019
News
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Blucora, which owns TaxAct and H.D. Vest, is buying 1st Global and 1st Global Insurance Services for $180 million in cash. The acquisition is expected to close by May 30.

1st Global was founded in 1992 by CEO Stephen “Tony” Batman. Before creating the company, Batman was VP of strategic services with H.D. Vest  from April 1997 through February 1992. At that time, H.D .Vest was an independent company. It was acquired by Blucora in December 2015.

1st Global, a broker-dealer,provides services to accounting firms which provide wealth management services. These include business management consulting services and wealth management consulting. Among these services areprimary research, including investment management and asset allocation.

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