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Fisher Investments

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Fisher Investments
IndustryFinancial
Founded1979
FounderKen Fisher
Headquarters
Camas, Washington
,
USA
Number of employees
3,500 [1]
Websitewww.fisherinvestments.com/en-us

Fisher Investments is an independent money management firm headquartered in Camas, Washington.[2][3]

History

Ken Fisher founded the firm in 1979, incorporated in 1986,[4] then served as CEO until July 2016, when he was succeeded by long-time Fisher Investments employee Damian Ornani. Fisher remains active as the firm's executive chairman and co-chief investment officer.[5]

As of December 2019, Fisher Investments and its subsidiaries manage over $100 billion in assets for individual investors and institutional investors around the world.[6] The firm maintains four principal business units: Fisher Investments Institutional Group, Fisher Investments Private Client Group, Fisher Investments 401(k) Solutions Group and Fisher Investments International Group.[7]

The firm incorporated Fisher Investments Europe Limited in 1999 with its headquarters in London.[8] Later it expanded the firm's US operations by opening offices in Vancouver, Washington and Plano, Texas.[9] In 2005, the firm was reorganized as a Delaware limited liability company.[10] The firm also entered into a joint venture in Germany to offer investment services as Grüner Fisher Investments GmbH, which is now a wholly owned subsidiary of Fisher Investments.[11]

In late 2011, Ken Fisher opened Fisher Investments' new headquarters on the 120-acre Fisher Creek campus in Camas, Washington. Over the next three years, Fisher Investments expanded its Pacific Northwest activities by constructing two additional buildings on the Fisher Creek campus.[12] Fisher Investments has since opened international offices, including locations in the United Kingdom, Ireland,[13] Germany, Japan, Dubai,[14] and Australia.[15]

Corporate culture

According to a 2019 Bloomberg article based on interviews with Fisher Investing employees, some of whom spoke anonymously, the company's workers are held to vague targets and some employees contend there is a culture of fear and stress. The pressure on those employed in what are described as Fisher's boiler rooms is said to be particularly intense. In late 2019 Fisher came under fire for sexualized comments, losing billions as customers withdrew funds in protest.[1]

Funds

Fisher Investment's fees are some of the highest in the industry. For private clients fees range from 1% to 1.5%.[1]

Fisher Global Return - Although the fund's performance is mixed, it has slightly outperformed the MSCI World benchmark by 0.5% per annum in recent years.[1]

Purisima Total Return Fund - Liquidated in 2016 due to underperformance.[1]

Ratings and awards

For six consecutive years (2014–2019) the firm was recognized as one of the top 300 US-based Registered Investment Advisors (RIAs) in the Financial Times' Top 300 list. The survey ranks money managers with at least $300 million total assets under management.[16][17][18][19][20]

In 2016, Fisher Investments ranked #164 on the Pensions and Investments/Towers Watson list of the World's 500 largest money managers.[21]

Grüner Fisher Investments was rated "Best Employer in the (German) Financial Sector" in 2015 by the German investment magazine, Cash.Online,[22] and again in 2016 by the magazine Das Investment.[23] The honor is based on a survey of employees across 115 different companies, ranked on 13 individual factors including career opportunities, work climate and atmosphere.[23]

Fisher Investments Europe, a wholly owned subsidiary of Fisher Investments, was recognized by ADVFN as Wealth Manager of the Year in its International Financial Awards, announced March 8, 2016.[24] The awards aim to recognize and celebrate best of breed products and services from across the financial industry, both nationally and internationally.[24]

References

  1. ^ a b c d e Willmer, Sabrina. "Inside Ken Fisher's Private Kingdom, Where Hardball Culture Reels in Billions". bloomberg.com. Bloomberg. Retrieved 21 October 2019.
  2. ^ Corvin, Aaron (21 June 2012). "Fisher Investments CEO heralds the singularity". The Columbian. Retrieved 20 January 2014. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  3. ^ Margaret Brennan & Ken Fisher (7 September 2010). Fisher Investments Ken Fisher Interview Expert (Television). Bloomberg Television.
  4. ^ "Fisher Investments - CrunchBase". AOL Inc. Retrieved 2 March 2015.
  5. ^ "Fisher Investments names Damian Ornani CEO as Ken Fisher relinquishes role". Investment News. March 22, 2016. Retrieved November 4, 2016.
  6. ^ Breen, Oisin. "Ken Fisher: You have to be pretty lonely to succeed. Ken Fisher hits a milestone of $100 billion of AUM and $1 billion of revenues but faces a new challenge". RIA biz. Retrieved February 13, 2019.
  7. ^ Wollman Rusoff, Jane (2015-06-01). "Ken Fisher Reveals His Market-Beating Secrets". Retrieved 2015-08-04.
  8. ^ "Fisher Investments Europe Ltd". Bloomberg.
  9. ^ Joner, Cami (26 December 2013). "Work Starts on 2nd Fisher Building". The Columbian. Vancouver, WA: Highbeam.com. Archived from the original on 11 June 2014. Retrieved 20 January 2014.
  10. ^ "Fisher Investments profile". Crunchbase.
  11. ^ Staff. "Fisher Investments expands into Germany". Reuters. Retrieved July 16, 2007.
  12. ^ Acheson, Heather (7 June 2011). "Fisher Investments plans for two new buildings". Camas-Washougal Post-Record. Archived from the original on 25 March 2015. Retrieved 25 March 2015.
  13. ^ "US giant Fisher to enter Irish market". Independent.ie. Retrieved 2019-08-12.
  14. ^ Business News. "Fisher Investments opens at DIFC". Khaleej Times. Retrieved March 29, 2014. {{cite news}}: |last1= has generic name (help)
  15. ^ "Fisher Investments Address and Office Locations". FisherInvestments.com. Retrieved 25 March 2015.
  16. ^ "FT 300 Top Registered Investment Advisers" (PDF). Financial Times. June 26, 2014. Retrieved November 15, 2016.
  17. ^ "FT 300 Top Registered Investment Advisers" (PDF). Retrieved 25 March 2015.
  18. ^ "The FT 300 List". ft.com. Financial Times. June 15, 2016. Retrieved November 15, 2016.
  19. ^ Fox, Loren (2018-06-28). "FT 300 — the list: the top US registered investment advisers 2018". Financial Times. Retrieved 2019-08-12.
  20. ^ Fox, Loren (2019-06-27). "FT 300 list: the top US registered investment advisers in 2019". Financial Times. Retrieved 2019-08-12.
  21. ^ "Table: The world's largest money managers". pionline.com. Pensions & Investments. October 31, 2016. Retrieved November 15, 2016.
  22. ^ "Die besten Arbeitgeber in der Finanzbranche". Cash.Online. November 18, 2015. Retrieved November 4, 2016.
  23. ^ a b "Die nettesten Chefs der Finanzbranche". Das Investment. October 14, 2016. Retrieved November 4, 2016.
  24. ^ a b "ADVFN International Financial Awards 2016". uk.advfn.com. October 14, 2016. Retrieved November 4, 2016.
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