As interest rates continue to rise, financial advisors are shifting their focus from high-performing stocks to income alternatives, according to a report by WealthManagement.com. Rising interest rates have made traditional income investments such as bonds more attractive to investors, offering return opportunities that were previously unavailable in recent years. Meanwhile, independent broker-dealers (IBDs) have experienced steady revenue growth, thanks in part to other categories generated primarily by rising interest rates and interest-rate spreads. Other revenue at the top 25 IBDs reached $5.1 billion in 2022, a 38.5% increase from the prior year, while commission revenue declined approximately 5% and fee revenue increased by the same amount. In addition, options strategies are being increasingly used by investors to diversify their assets into entities that focus on total return, rather than just yield or price appreciation. Despite elevated inflation and interest rates expected to persist in the near term, the current economic landscape provides income investors with the ability to choose investment vehicles that suit their investment goals with a focus on income.