The deck also said Avantax has lost about 700 advisors over the past four years; the b/d now has about 3,700 advisors. Ancora estimates that the b/d suffered a net loss of 100 advisors over the past 12 months; despite that, Mackay says the firm recruited 210 new advisors to the firm last year. Recently, the firm brought on Legacy Capital Advisors, an Atlanta-based team with $126 million in client assets, from LPL Financial. The firm also recently recruited Maestro Wealth Advisors, a Winston-Salem, N.C., practice with more than $133 million, from World Equity Group.