Blucora Names Ex-Fidelity Executive CEO of Brokerage Unit -- Street Moves
January 23 2017 - 9:44AM
Dow Jones News
By Michael Wursthorn
The former head of Fidelity Investments' RIA business has been
named chief executive of Blucora Inc.'s brokerage unit, HD
Vest.
Bob Oros, who had worked at Fidelity for five years, will
succeed outgoing HD Vest chief executive Roger Ochs on Feb. 28,
Blucora said in a statement. Mr. Ochs will remain with the company
through March 31, the company added.
Mr. Oros had been running Fidelity's RIA unit since 2015, the
latest stint in a five-year career at the investment firm. Before
that, he had worked with Trust Company of America, LPL Financial
Holdings Inc. and Charles Schwab Corp.
HD Vest is an independent broker-dealer that provides
wealth-management services for tax professionals. Blucora acquired
the business in 2015 from a group of investors that included
private-equity firm Parthenon Capital Partners for $580
million.
Internet-services company Blucora, which was formerly known as
InfoSpace, said it acquired HD Vest to create cross-selling
opportunities between its various products. Users of Blucora's tax
prep software TaxAct, for example, could also benefit from HD
Vest's retirement and investment products, the company suggested at
the time of the acquisition.
The internet company said the purchase of HD Vest would create
cross-selling opportunities, such as offering its TaxAct customers
HD Vest's retirement and investment products.
Write to Michael Wursthorn at Michael.Wursthorn@wsj.com
(END) Dow Jones Newswires
January 23, 2017 09:29 ET (14:29 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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