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.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
