Edition:
United States

Profile: Blucora Inc (BCOR.OQ)

BCOR.OQ on NASDAQ Stock Exchange Global Select Market

8.01USD
29 Apr 2016
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Blucora, Inc., incorporated on April 9, 1996, is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. HD Vest provides wealth management solutions for financial advisors. TaxAct provides digital tax preparation solutions for consumers, small business owners and tax professionals.

Wealth Management

The Company's Wealth Management segment distributes products and services through financial advisors. HD Vest provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients. HD Vest's specialized model provides an open-architecture investment platform and technology tools to help financial advisors identify investment opportunities for their clients. HD Vest offers brokerage and technology platform focused on tax and accounting professionals, maintaining an independent network of approximately 4,600 financial advisors with branch offices in over 50 states. HD Vest's financial advisors provide financial solutions to approximately 360,000 clients.

Tax Preparation Business

The Company's Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals. TaxAct, a provider of digital tax preparation solutions. It also offers a range of tax preparation solutions and online lead generation capabilities to enable the filing of approximately 60 million federal consumer tax returns. Its DDIY product offerings for consumers include a free federal edition; the free federal edition plus a paid state edition; a deluxe product offering that contained all of the features of the free federal edition plus taxpayer phone support, import capabilities, return preparation assistance tools and reporting, and product offering that contained all of the deluxe offering features plus the ability to file a state return. Its small business DDIY product offering consists of interview-based tax filing solutions for small business owners. TaxAct offers its products with a price lock guarantee. In addition to these core offerings, TaxAct also offers ancillary services, such as refund payment transfer, data archive services, audit defense, stored value cards and other add-on services.

TaxAct's professional tax preparer software allows professional tax preparers to prepare and file individual and business returns for their clients. TaxAct offers pricing and packaging options for tax professionals. In addition, the professional tax preparer software includes features, such as the option of entering data directly into tax forms, utilizing the question-and-answer interview method to enter data, or toggling between the two data entry methods. TaxAct offers services through its online service at www.TaxAct.com.

The Company competes with Intuit, H&R Block, Liberty and Jackson Hewitt.

Company Address

Blucora Inc

10900 NE 8th St Ste 800
BELLEVUE   WA   98004-4420
P: +1425.8821602
F: +1425.2016150

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