Fisher Investments
American independent money management firm From Wikipedia, the free encyclopedia
Fisher Investments is an independent money management firm headquartered in Plano, Texas.[4]
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1979 |
| Founder | Ken Fisher |
| Headquarters | , U.S. |
Number of locations | 29 offices (2023) |
Area served | United States, Canada, Europe, Middle East, Asia, Australasia |
Key people |
|
| Services | Asset management |
| AUM | $300+ billion (December 2024) |
Number of employees | +6,000 (2025) |
| Subsidiaries | Fisher Investments Europe, Grüner Fisher Investments GmbH |
| Website | www |
| Footnotes / references [1][2][3] | |
History
Summarize
Perspective
Ken Fisher founded the firm in 1979, 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 June 2024, Fisher Investments and its subsidiaries manage over $275 billion in assets for individual and institutional investors globally.[6] The firm maintains three principal business units: Fisher Investments Institutional Group, Fisher Investments Private Client Group, and Fisher Investments Private Client Group International.[7] In June 2024, the firm announced its 401(k) Solutions business for small to mid-sized retirement plans would be spun off into an independent company called Fisher Retirement Solutions.[8][9]
The firm incorporated Fisher Investments Europe Limited in 1999 with its headquarters in London.[10] Later it expanded the firm's US operations by opening offices in Vancouver, Washington; Plano, Texas; and Tampa, Florida.[11][12] 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.[13]
In late 2011, Fisher Investments opened a new headquarters on the 120-acre Fisher Creek campus in Camas, Washington. Over the next three years, Fisher Investments expanded its local presence by constructing two additional buildings on the Fisher Creek campus.[14] In 2020, the company opened a fourth building on the campus. The five-story building has room for an additional 1,100 employees.[15]
Fisher Investments has also opened international offices in eight countries.[16]
The firm announced its intention to move its headquarters to Texas in March 2023.[17] The firm intends to complete the move by June 2023.[17] The company has stated they will maintain offices in Camas, Washington; however staffing will be prioritized in other locations.[18]
In June 2024, Fisher Investments announced that Advent International and ADIA had acquired a minority interest in the firm for $2.5-$3 billion. The deal would result in the firm being valued at $13 billion. Ken Fisher will maintain about 70% ownership.[19]
Ratings and awards
Grüner Fisher Investments was rated "Best Employer in the (German) Financial Sector" in 2015 by the German investment magazine, Cash.Online,[20] and again in 2016 by the magazine Das Investment.[21]
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.[22]
Corporate culture
According to a 2019 Bloomberg article based on anonymous interviews with former and current Fisher Investments employees, the company's workers contend there is a culture of fear and stress. The pressure on employees to acquire and retain clients is said to be particularly intense.[23] In late 2019, Ken Fisher came under fire for comments he made at a summit for CEOs, where he likened winning clients to "going up to a woman in a bar and saying, hey I want to talk about what's in your pants."[24]
References
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