Assets also increased from Octobers level. On Oct. 30, Alliance had $437 billion under management. Investors shifted out of equities during the past 12 months, the company reported, to fixed income and cash management products. "Year-over-year, growth equities declined 8.25, value equities rose 15.3% and fixed income assets increased 18.9% in the same period, the company said in a statement.
Women now make up about 26% of financial advisors, but growth has stalled. Advisors say structural barriers are holding the industry back.
A recent downturn has highlighted the external factors weighing on the price, but experts say the fundamentals haven't changed.
The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.
Tax planning is becoming a more popular holistic offering for financial advisors, but tax time can become hectic.
Wealth management firm Americana Partners acquired NRT Consulting, a full-service financial consulting and accounting firm, on Tuesday.
State and local tax burdens vary widely depending on how taxes are structured. A new WalletHub study provides a definitive ranking.
