Fisher Investments plans to move its headquarters to Texas from Camas, Washington, the firm said in a one-sentence statement released late Friday that linked the move to the Washington State Supreme Court.
“In honor of the Washington State Supreme Court's wisdom and knowledge of the law, and in recognition of whatever it may do next, Fisher Investments is immediately moving its headquarters from Washington State to Texas,” the statement read.
Fisher Investment's announcement followed a ruling Friday by the Washington State Supreme Court allowing the state to move forward with a capital gains tax. The legislature enacted a 7% capital gains tax in 2021, but opponents had argued that it was unconstitutional, which postponed its implementation.
The press release didn’t specify a location in Texas, but the firm already has a corporate office in Plano.
Fisher, the second-largest U.S. registered investment advisor, manages more than $197 billion in assets.
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