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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 |
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Services | Asset management |
AUM | $211 billion (June 30, 2023) |
Members | 135,000 |
Number of employees | 5,200 (2023) |
Subsidiaries | Fisher Investments Europe, Grüner Fisher Investments GmbH |
Website | www |
Footnotes /references [1] [2] [3] |
Fisher Investments is an independent money management firm headquartered in Plano, Texas. [4]
Ken Fisher founded the firm in 1979, incorporated in 1986,[ citation needed ] 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 2023, Fisher Investments and its subsidiaries manage over $210 billion in assets for individual and institutional investors globally. [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 Private Client Group International. [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; Plano, Texas; and Tampa, Florida. [9] [10] In 2005, the firm was reorganized as a Delaware limited liability company.[ citation needed ] 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, 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. [12] In 2020, the company opened a fourth building on the campus. The five-story building has room for an additional 1,100 employees. [13]
Fisher Investments has also opened international offices, including locations in the United Kingdom, Luxembourg, Ireland, [14] Germany, and elsewhere. [15] [16] Fisher Investments’ global footprint requires significant effort to produce content for non-English-speaking clients. The firm translates content into Dutch, French, German, Italian, Spanish, Danish, Swedish, Finnish, Korean, Chinese and Japanese. [17]
The firm announced its intention to move its headquarters to Texas in March 2023. [18] The firm intends to complete the move by June 2023. [18]
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. [19]
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. [20] [21] [22] [23] [24] [25]
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." [26] [27]
In 2016, Fisher Investments ranked #164 on the Pensions and Investments/Towers Watson list of the World's 500 largest money managers. [28]
Grüner Fisher Investments was rated "Best Employer in the (German) Financial Sector" in 2015 by the German investment magazine, Cash.Online, [29] and again in 2016 by the magazine Das Investment. [30] 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. [30]
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. [31] The awards aim to recognize and celebrate best of breed products and services from across the financial industry, both nationally and internationally. [31]
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.
Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. Their signature Medallion fund is famed for the best record in investing history. Renaissance was founded in 1982 by James Simons, a mathematician who formerly worked as a code breaker during the Cold War.
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments. In 2023, Forbes reported that among hedge funds, D. E. Shaw had delivered the third-highest returns in the world since its inception.
Bridgewater Associates, LP is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. As of 2022, Bridgewater has posted the second highest gains of any hedge fund since its inception in 1975.
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
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Kenneth Lawrence Fisher is an American billionaire investment analyst, author, and the founder and executive chairman of Fisher Investments, a fee-only financial adviser. Fisher's Forbes "Portfolio Strategy" column ran from 1984 to 2017, making him the longest continuously-running columnist in the magazine's history. Fisher is now known for writing monthly, native language columns in international outlets. Fisher has authored eleven books on investing, and research papers in the field of behavioral finance. As of August 2022, his net worth is estimated at US$5.1 billion. In 2010, he was included in Investment Advisor magazine's "30 for 30" list of the 30 most influential people in the investment advisory business over the last 30 years. As of December 2021, Fisher's firm managed $208 billion.
M&G plc is a global investment manager headquartered in the City of London. Since its de-merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
A registered investment adviser (RIA) is a firm that is an investment adviser in the United States, registered as such with the Securities and Exchange Commission (SEC) or a state's securities agency. The numerous references to RIAs within the Investment Advisers Act of 1940 popularized the term, which is closely associated with the term investment adviser. An investment adviser is defined by the Securities and Exchange Commission as an individual or a firm that is in the business of giving advice about securities. However, an RIA is the actual firm, while the employees of the firm are called Investment Adviser Representatives (IARs).
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