Fisher Investments
Fisher Investments is an independent money management firm headquartered in Camas, Washington.[5][6]
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Type | Private |
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Industry | Financial services |
Founded | 1979 |
Founder | Ken Fisher |
Headquarters | , USA |
Number of locations | 24 offices (2020) |
Area served | United States, Canada, Europe, Middle East, Asia, Australasia |
Key people |
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Services | Asset management |
AUM | Over $159 billion |
Number of employees | 3,500 [1] |
Subsidiaries | Fisher Investments Europe, Grüner Fisher Investments GmbH |
Website | www |
Footnotes / references [2][3][4] |
History
Ken Fisher founded the firm in 1979, incorporated in 1986,[7] 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.[8]
As of December 2020, Fisher Investments and its subsidiaries manage $159 billion in assets for individual and institutional investors globally.[9] 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.[10]
The firm incorporated Fisher Investments Europe Limited in 1999 with its headquarters in London.[11] Later it expanded the firm's US operations by opening offices in Vancouver, Washington; Plano, Texas; and Tampa, Florida.[12][13] In 2005, the firm was reorganized as a Delaware limited liability company.[14] 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.[15]
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.[16] In 2020, the company opened a fourth building on the campus. The five-story building has room for an additional 1,100 employees.[17]
Fisher Investments has also opened international offices, including locations in the United Kingdom, Ireland,[18] Germany, Japan, Dubai,[19] and Australia.[20] Fisher Investments’ global footprint requires significant effort to localize content for non-English-speaking clients. The firm translates content into Dutch, French, German, Italian, Spanish, Danish, Swedish, Finnish, Korean, Chinese and Japanese.[21]
Corporate culture
In 2020, Fisher Investments was certified as a Great Place to Work® by the global workplace culture firm Great Place to Work. According to their independent analysis, Great Place to Work found that 75% of Fisher Investments' employees thought their company was a "great place to work," versus 59% of employees at a typical company.[22] Separately, in 2019, Fisher Investments' office in Plano, TX was recognized as one of the Best Workplaces in Texas™.[23]
According to a 2019 Bloomberg article based on anonymous interviews with former and current Fisher Investments' employees, the company's workers are held to vague targets and some employees contend there is a culture of fear and stress. The pressure on employees to acquire and retain clients is said to be particularly intense. In late 2019, Ken Fisher came under fire for sexualized comments, losing billions as customers withdrew funds in protest.[1]
Funds
Fisher Investment's fees 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]
Ratings and awards
For seven consecutive years (2014–2020) the firm was recognized as one of the top 300 US-based Registered Investment Advisors (RIAs) in Financial Times' Top 300 list. The survey ranks money managers with at least $300 million total assets under management.[24][25][26][27][28][29]
In 2019 and 2020, Financial Times and Ignites Research recognized Fisher Investments as one of its Top Retirement Advisers in its FT 401 list. The line-up is described as "a list of elite professionals who specialize in advising US employers on their defined contribution plans."[30][31]
In 2016, Fisher Investments ranked #164 on the Pensions and Investments/Towers Watson list of the World's 500 largest money managers.[32]
Grüner Fisher Investments was rated "Best Employer in the (German) Financial Sector" in 2015 by the German investment magazine, Cash.Online,[33] and again in 2016 by the magazine Das Investment.[34] 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.[34]
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.[35] The awards aim to recognize and celebrate best of breed products and services from across the financial industry, both nationally and internationally.[35]
References
- Willmer, Sabrina. "Inside Ken Fisher's Private Kingdom, Where Hardball Culture Reels in Billions". bloomberg.com. Bloomberg. Retrieved 21 October 2019.
- "Our History". Fisher Investments.
- "Fisher Investments AUM". Fisher Investments.
- "Meet Our Leadership Team". Fisher Investments.
- Corvin, Aaron (21 June 2012). "Fisher Investments CEO heralds the singularity". The Columbian. Retrieved 20 January 2014.
- Margaret Brennan & Ken Fisher (7 September 2010). Fisher Investments Ken Fisher Interview Expert (Television). Bloomberg Television.
- "Fisher Investments - CrunchBase". AOL Inc. Retrieved 2 March 2015.
- "Fisher Investments names Damian Ornani CEO as Ken Fisher relinquishes role". Investment News. March 22, 2016. Retrieved November 4, 2016.
- "Assets Under Management | Fisher Investments". www.fisherinvestments.com. Retrieved 2021-01-04.
- Wollman Rusoff, Jane (2015-06-01). "Ken Fisher Reveals His Market-Beating Secrets". Retrieved 2015-08-04.
- "Fisher Investments Europe Ltd". Bloomberg.
- Breen, Oisin (June 18, 2020). "'Firing on all cylinders,' Fisher Investments forms East Coast hub with 600 desks after it adds another $10 billion of AUM, leaving last year's social media firestorm in the dust". RIABiz. RIABiz. Retrieved August 30, 2020.
- 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.
- "Fisher Investments profile". Crunchbase.
- Staff. "Fisher Investments expands into Germany". Reuters. Retrieved July 16, 2007.
- 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.
- "Fisher Investments announces completion of five-story office building in Camas". The Columbian. Retrieved 2020-10-22.
- "US giant Fisher to enter Irish market". Independent.ie. Retrieved 2019-08-12.
- Business News. "Fisher Investments opens at DIFC". Khaleej Times. Retrieved March 29, 2014.
- "Fisher Investments Address and Office Locations". FisherInvestments.com. Retrieved 25 March 2015.
- "At Fisher Investments, Localization Drives Revenue Through Client Retention". Slator. 2020-03-10. Retrieved 2020-12-23.
- Work, Great Place to. "Working at Fisher Investments". Great Place to Work®. Retrieved 2020-09-09.
- "Best Workplaces in Texas™ 2019". Great Place to Work®. Retrieved 2020-09-09.
- "FT 300 Top Registered Investment Advisers" (PDF). Financial Times. June 26, 2014. Retrieved November 15, 2016.
- "FT 300 Top Registered Investment Advisers" (PDF). Retrieved 25 March 2015.
- "The FT 300 List". ft.com. Financial Times. June 15, 2016. Retrieved November 15, 2016.
- Fox, Loren (2018-06-28). "FT 300 — the list: the top US registered investment advisers 2018". Financial Times. Retrieved 2019-08-12.
- Fox, Loren (2019-06-27). "FT 300 list: the top US registered investment advisers in 2019". Financial Times. Retrieved 2019-08-12.
- Investments, Fisher. "Fisher Investments Recognized by the Financial Times as a Top 300 Registered Investment Advisers (RIAs) for Seventh Consecutive Year". www.prnewswire.com. Retrieved 2020-10-10.
- Fox, Loren (2019-10-10). "FT 401: complete list of the top US retirement advisers". www.ft.com. Retrieved 2020-10-10.
- Fox, Loren (2020-10-22). "FT 401: complete list of the top US retirement advisers". www.ft.com. Retrieved 2020-10-22.
- "Table: The world's largest money managers". pionline.com. Pensions & Investments. October 31, 2016. Retrieved November 15, 2016.
- "Die besten Arbeitgeber in der Finanzbranche". Cash.Online. November 18, 2015. Retrieved November 4, 2016.
- "Die nettesten Chefs der Finanzbranche". Das Investment. October 14, 2016. Retrieved November 4, 2016.
- "ADVFN International Financial Awards 2016". uk.advfn.com. October 14, 2016. Retrieved November 4, 2016.