Blucora has teamed up with Legg Mason's robo advice platform, Financial Guard, with a view to combining tax preparation with wealth management. Under the deal, Blucora's TaxAct customers will gain access to Financial Guard for the forthcoming tax year and at a later date to HD Vest tax advisors. John Clendening, Blucora's CEO, said account minimums will be $1,000 and although fees have yet to be determined, the emphasis is on affordability. The company also announced that it would offer its clients an option of paying in bitcoin or cash through their mobile phone app.
Blucora has teamed up with Legg Mason's robo advice platform, Financial Guard, with a view to combining tax preparation with wealth management. Under the deal, Blucora's TaxAct customers will gain access to Financial Guard for the forthcoming tax year and at a later date to HD Vest tax advisors. John Clendening, Blucora's CEO, said account minimums will be $1,000 and although fees have yet to be determined, the emphasis is on affordability. TaxAct users will also have the option of opening an Individual Retirement Account and easily directing their tax refund into it.