Fisher Investments has been a major player in the financial industry for over four decades.
The company was founded in 1979 by Ken Fisher, who is still at the helm today.
Fisher Investments has a global presence with offices in the US, Europe, and Asia.
Their investment strategies are based on a long-term approach, which has helped them navigate market fluctuations.
Their portfolio management team has a combined experience of over 1,000 years, a testament to their expertise.
Fisher Investments has a strong track record of delivering consistent returns to their clients.
Their research-driven approach has helped them identify profitable investment opportunities.
Recognized as Top Defined Contribution Adviser
Fisher Investments 401(k) Solutions has been named to the National Association of Plan Advisors' (NAPA) prestigious "Top Defined Contribution (DC)" list.
This recognition is a testament to the company's expertise in providing top-notch retirement solutions to its clients.
Fisher Investments was recognized for its exceptional service and innovative approach to defined contribution plans.
The company's 401(k) Solutions team has been working tirelessly to help clients achieve their retirement goals.
Fisher Investments 401(k) Solutions has been named to the National Association of Plan Advisors' (NAPA) prestigious "Top Defined Contribution (DC)" list, which is a significant achievement in the industry.
This recognition is a great example of the company's commitment to excellence and its dedication to helping clients achieve their financial goals.
Business Transactions
Fisher Investments recently announced it will spin out its 401(k) business into a new, independent company called Fisher Retirement Solutions. This move is part of the company's plans to sell a minority stake in the firm.
The new entity will have $4.75 billion in assets under management and over 100 employees. Nathan Fisher, senior executive vice president of 401(k) solutions and Ken Fisher's son, will serve as CEO of the new company.
Fisher created its 401(k) Solutions business in 2014 to focus on the underserved small- and mid-sized retirement plan market. As of March 31, 2024, the business served over 1,600 small and medium-sized plans.
The deal to sell a minority stake in Fisher Investments values the firm at $12.75 billion. Advent International and the Abu Dhabi Investment Authority will invest at least $2.5 billion in the company.
Fisher will retain a 70% stake in the business, while Advent and the Abu Dhabi Investment Authority will hold a minority stake. This is the first time in the history of the company that it has welcomed outside investment.
Fisher Investments handles roughly $275 billion of investments for more than 150,000 clients worldwide. The company switched its headquarters from Washington state to Texas last year due to hikes in capital gains taxes.
Financial Services
Fisher Investments has been named to the 2022 Top Workplaces in Financial Services list. This recognition is a testament to their commitment to creating a great work environment for their employees.
Their achievement is a result of being one of the world's largest independent, fee-only investment advisers.
Frequently Asked Questions
Is my money safe with Fisher Investments?
Your money is protected by Fisher Investments' robust security measures, including tight encryption and secure in-person meetings with representatives. Rest assured, your financial information is handled with the utmost care and security.
What is the average return with Fisher Investments?
The average return with a typical investor is 2.5% per year, significantly lower than other investment options. Consider learning more about how to achieve higher returns, such as with a 60/40 portfolio or the S&P 500.
What are the downsides of Fisher Investments?
Fisher Investments has several downsides, including no brokerage platform, high investment management fees, and a $500,000 minimum portfolio requirement. Additionally, its website has limited research tools, which may be a drawback for some investors.
Sources
- https://www.prnewswire.com/news/fisher-investments/
- https://www.wealthmanagement.com/ria-news/fisher-investments-spin-out-475b-401k-business
- https://nypost.com/2024/06/17/business/fisher-investments-sells-stake-to-advent-abu-dhabi-report/
- https://www.planadviser.com/fisher-investments-spin-off-independent-401k-practice/
- https://www.cnbc.com/2019/11/07/fisher-lost-20-million-in-retail-assets-after-billionaires-comments.html
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