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.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
