Is Fisher Investments Worth The Money


Is Fisher Investments Legit

Fisher Investments Explains How Stock Prices Are Determined

Fisher Investments is legit and definitely not a scam.

It is a tried-and-tested portfolio management and investment analysis company. The fact that youve landed here looking for Fisher Investment reviews tells me you were concerned that it probably isnt legit. The simple fact is that its tried and tested and has been used by 1000s of people.

Fisher Investments has no hidden charges or recurrent fees. The company charges clients a competitive advisory fee that is tiered based on the portfolio size of individuals net worth.

The fees charged at Fisher Investments are perhaps lower than those of other portfolio management agencies. This is because it pursues mutually successful investing. It does not encourage performance-based fees as this model only benefits form short-term returns.

I should point out that Fisher Investments did not report disclosures of legal or regulatory action in its most recent filings with the Securities and Exchange Commission.

How Fisher Investments Sees Jobs Data And Stocks

Like clockwork, the Bureau of Labor Statistics monthly Employment Situation report dominates financial headlines the first Friday of every month. Many view payroll changes and the unemployment rate not only as a real-time economic snapshot, but as a driver of future growthand, by extension, stock market trends. Yet Fisher Investments research shows employment trends dont predict the economy or stockslabor markets move well after economic trends.

Fees Fisher Investments Charges For Its Services

Fisher Investments makes money by charging a fee based on a percentage of assets under management. The firm deducts a percentage of your portfolio every quarter to cover this fee. The amount you owe depends on the size of your portfolio, with lower rates offered for larger portfolios. The firm also offers an additional rate discount for portfolios over $5 million that only invest in fixed-income assets, not equities. See the tables below for the firms current rates.

Fisher Investments typically only accepts clients with $500,000 or more in assets. However, if it takes on a client with less than $500,000, it will charge a flat 1.50% fee on the portfolio. In addition, if you sign up with $500,000 or more, but market losses push your portfolio to below $475,000, you would also owe the 1.50% fee, rather than the rates outlined below.

Fisher Investments Fee Schedule for Equity and Blended Accounts
Equity and Blended Accounts Size Annual Management Fee
Next $45 million 0.28%

Besides its asset-based fee, Fisher Investment clients may also owe fees associated with handling their investment strategy, including brokerage commissions, custodian fees and expenses from investing in exchange-traded funds and structured notes. This money doesnt go to Fisher Investments, but instead to the brokerage firms processing the investments.

Recommended Reading: How To Invest Your Roth Ira Money

Fisher Investments On The Many Problems With Partisan Investing

Allowing political preferences to influence portfolio decisions can be costly. Statistically no party is inherently better or worse for stocks. Bull and bear markets have occurred under both Democratic and Republican leadership. Remaining politically neutral as the markets do, will help avoid costly mistakes and help reach your long-term investment goals.

Fisher Investments gets to know each client on a one-on-one basis and tailors investment plans to each individuals goals. Our clients also benefit from having a dedicated investment counseloran investment professional who knows them by name and regularly analyzes their objectives to ensure their strategies are aligned with their financial needs in retirement. Investments counselors sole focus is providing industry-leading client servicethey dont sell financial products or earn commissions on trades in clients accounts.

Terrible Service In Their Billing Department

Why billionaire Ken Fisher likes it when investors feel bad

In this review, the person has a similar complaint as the first one. Apparently, many people are irritated with the terrible returns Fisher Investments offers. This person had an account with them from XXXX to XXXX 20XX and a huge reason why they considered firing Fisher Investments was that the company never focused on providing detailed billing.

The people from Fisher Investments would give vague responses when the reviewer would ask for a proper invoice. Apart from that, it seems like Fisher Investments didnt provide good returns to this person as well.

You May Like: How To Invest In Real Estate With Little Capital

Is Fisher Investments Better Than Edward Jones

Edward Jones is another old company in the financial investment industry .

However, its important to note that it charges slightly higher fees than Fisher Investments, ranging from 1.25% to 2% to account for mutual fund fees.

Still, it has more offices than almost any other brokerage firm: 13,000 spread throughout the world.

Fisher Investments On Natural Disasters Impact On Economies And Stocks

Natural disasters can cause significant structural damage and carry high price tags. However, we have found natural disasters usually dont lead to broad based economic or market catastrophe. Natural disasters shouldnt influence portfolio decisions because their damage lacks the power to trigger bear markets and regional reconstruction doesnt usually lead to substantive economic growth.

Also Check: Current Interest Rates For Investment Property Loans

Do I Recommend Fisher Investments

After learning more about Fisher Investments and what it can really offer, I would say that it is a wealth management company that is worth checking out.

The company gears your portfolio based on several factors, including your goals and objectives, risk aversion, outside assets, and source of income.

This ensures that the investment portfolio they will create for you is really aligned with what you are trying to achieve financially with your investment.

Probably the only major downside here is that the investment opportunity that the company offers is really geared more for high-net-worth individuals.

Yes, you can still try to open an account even if you are not a high-net-worth individual, but youll be subject for approval first and a high annual management fee.

So, unless you are a high-net-worth individual, it would likely be better to look for a different investment program to join than Fisher Investments.

But if your net worth is high, then you could take a look at what they are offering.

The Importance Of Diversification

Ken Fisher on the 5 Pitfalls of Mutual Funds For High Net Worth Individuals

Our strategy is to have a diversified portfolio of funds, each of which are specialist in different regions and asset classes, and this is the most efficient way to manage risk while optimising performance opportunities. Fisher’s investment model is deeply rooted in the North American sector, with limited exposure to other core markets.

The importance of spreading the weighting of investments across asset classes cannot be understated. This is widely accepted among investment professionals, chief investment managers and academics as a more efficient risk based model.

Diversification across multiple asset classes and regions that are suitably balanced to fit an investors risk profile will ensure an investor is not over-reliant on the performance of any one asset class in the event of a sector downturn.

Also Check: I Want To Start Investing In Stocks

Pros Fisher Investments Is An Overall Great Wealth Management Option For High

The benefits of using Fisher Investments are numerous. First, they offer personal investment advisors to clients. These advisors understand your investing situation and can guide you to keep your investments on track. They are available to you for as long as you need them. You can also access their educational resources and online videos.

However, their fees are higher than those of some hybrid advising companies, and the minimum investment amount is $500,000, so if youre a high-net-worth individual, Fisher Investments is a good option. Their service is a combination of investing experience and a customized portfolio.

With more than 13,000 investment offices around the world, Fisher Investments has the most locations globally. Ken Fisher, the founder and CEO of the firm has extensive financial investment experience and is the author of eleven books on the subject. He also publishes a popular financial investment column, Forbes, and has 75% ownership of the company. Clients will enjoy a personalized investment strategy and excellent educational materials.

Services Offered By Fisher Investments

Fisher Investments’ services for private clients include portfolio management, annuity conversion, financial planning and retirement planning. Its portfolio management services are divided into three categories, each of which is aimed at maximizing returns within risk parameters:

  • Equity accounts: mainly use common stock and cash equivalents
  • Fixed income accounts: mainly use various fixed income instruments and cash
  • Blended accounts: use a combination of stocks, fixed income instruments and cash

Fisher Investments’ institutional services include institutional investing and 401 solutions for businesses.

Also Check: Is F45 A Good Investment

The Fisher Gtr Fund Is Heavily Reliant On North America

Clients of Fisher investments will mainly invest in Ken Fishers own fund – the Purisima Global Total Return fund or Fisher GTR fund as it is otherwise known. This is a global fund with an overwhelming weighting in North America stocks. Over 76% of the fund’s underlying holdings is invested in North American stocks. This a high risk strategy, and one that may cost Fisher clients dearly should North America hit hard times.

The Fisher Global Total Return fund is classified as a Global fund by the Investment Association alongside 344 other funds with a similar classification.

The fund itself has performed well ranking within the top 25% of its sector over the past 5 years. As a global fund the underlying holdings are spread across different global regions, as opposed to a UK Equity fund for example, which would primarily invest in UK companies.

Even though the Fishers Global Total Return fund is a global fund, it is primarily weighted and overly reliant in North American equities. This is our biggest concern with the Fisher Investment proposition.

Nobel prize-winning economist Robert Shiller cautioned investors of the risks of overexposure to North American equities should markets crash. The economist told investors that it is prudent to diversify in asset classes and not be overexposed to US stocks particularly during the threat of the pandemic and potential fallout of the US election.

Regulatory Disclosures State That Fisher Investments Sells Proprietary Investments And Products Please Provide Me A List Of The Products And A Summary Of How Much Fisher Investments Earns From Them

Fisher Investment Uk

Fisher Investments recommends proprietary investments and products that could generate larger commissions than other similar non-proprietary products. This could also limit the number and diversity of investment options available to you and may impact their transferability. Do not be afraid to ask how much they will earn from the product or what other non-proprietary options are available.

You May Like: How To Invest In Wells Fargo Stock

I Recently Listened To A Podcast About Fisher Investments Should I Invest With Fisher Investments Short Answer No

Here are some key takeaways: Should I invest with Fisher Investments?

Fisher Investments is a marketing machine. They have over 1,000 advisors and are constantly adding clients to replace the ones who leave.

The marketing program is high tech and expensive. They spend about $60 million per year on marketing! This is one of the primary reasons that fees are so high for clients.

From what I have seen from past Fisher clients, Fisher does not report performance vs. a benchmark! I find this AMAZING! If your Adivsor does not report 1 year, 3 year, 5 year, 10 year and inception performance, by asset class, I think you should find a new fee-only, fiduciary advisor!

Fisher typically buys individual stocks, has a lack of diversification and may be too aggressive with your risk score. How much risk do you need to take to hit your lifestyle goals in retirement? We use planning software to help figure this out. We actually model recessions for clients. Are you 65 or older and have a Fisher portfolio of 80% to 100% stocks? This could be a HUGE red flag!

Picking individual stocks is BRUTALLY hard! We will analyze your portfolio to see if you are getting similar performance to a more diversified approach with tax efficient ETFs. We will show you the data and we can formulate a plan to get you out of legacy holdings with minimal taxes. Schedule a free 2nd opinion below!

The Fisher Investment Strategy

Like most investment managers, Fisher Investments use several factors to determine the portfolio they recommend, including investment time horizon, investment objectives, cash flow requirements, risk tolerance and any specific personal requirements.

Once this information is collated their investment team will decide on the asset allocation of a portfolio based on each clients goals and objectives.

Typically, for an investor with a medium to higher risk profile, Fisher Investments would recommend a portfolio allocation of 70% equities and 30% fixed interest. Whereas, for an adventurous investor they would recommend that up to 100% of their portfolios allocation is placed within equities.

The fixed interest element will be a selection of Exchange Traded Funds , the breakdown of which Fishers will only share should their clients formally request this.

The equity proportion will be invested in the Purisima Global Total Return fund .

Recommended Reading: Quicken Loans Investment Property Rates

What I Like About Fisher Investments

Now that we know what Fisher Investments is and what they offer, its time to discuss what I like about this opportunity.

  • The first thing that I like about Fisher Investments is that they seem to be genuine in trying to help their clients to achieve their investment goals in life. Their investment advisors will really work with you to see what your objectives and goals are in investing. They also look at your risk aversion, as well as other assets that they dont manage and outside income to provide an investment program recommendation that will fit your investment goals.
  • I also like that Fisher Investments still use real people to provide you with investment advice instead of robo-advisors. Though these new robo-advisors are likely going to be more accurate and faster in giving advice, its still better to have a human interaction as theyll be able to explain the investment program much better than any software can.

Fisher Investments Reviewed By A Former Financial Advisor

Paying Excessive Fees & Expenses | Fisher Investments Common Retirement Investing Mistake #7

After many requests from readers, I will give my Fisher Investment review. In this article, Ill discuss why this firm is an option for high-net-worth individuals, as well as the pros and cons of Fisher Investments. Investors have a lot of options to choose from nowadays. Fisher Investments may be a good choice for one investor but not for another.

Fisher Investments is marketed as the go-to investment firm for many high-net-worth investors as well as beginners looking to generate significant returns in the capital markets. I have received requests for a Fisher Investments review several times by readers. Investors should always do their own due diligence before investing with anyone.

The firm Fisher Investments was founded in 1979 by billionaire Ken Fisher the independent privately-owned money management firm has grown to become a force to reckon with for investors looking to invest in diverse investment portfolios. It is hard not to see their marketing on all major investment websites.

Ken Fisher is the face of Fisher Investments and is well respected on Wall Street, but they do employ other brokers with Fisher Investments. The money-management firm boasts of a clientele base made up of more than 40,000 high-net-worth investors, affirming its reputation and credibility in the business. The firm also serves more than 17 institutional clients with a net worth of more than $500,000.


Don’t Miss: Best Investment Banks For Private Equity

Fisher Investments Pros & Cons

  • Comprehensive investment management.

  • Personal Investment Counselor, who isnt on commission, and will contact you with pertinent information, and not random sales calls.

  • Active portfolio management that seeks to beat the market, not merely match it.

  • Strong emphasis on retirement, which will be a benefit to most investors.

  • Flat fee management means no commissions, and no broker incentive to churn your account to generate the income.

  • Fisher Investments management fee is much higher than what you will pay for robo-advisors. But they also provide a higher level of service.

Ken Fishers Controversial Statements

Last October, Ken Fisher made offensive comments at an investment conference. This led to Fisher Investments losing nearly $4 billion of assets under management. Specifically, Mr. said that the practice of trying to acquire high net worth clients is similar to trying to get into a girls pants. The good news is that the bad publicity has not stopped inflows of capital for Fisher Investments.

Recommended Reading: Best Way To Set Up A Real Estate Investment Company

Fisher Investments Fees And Pricing

Fisher Investments doesn’t charge any commissions for trades. Instead, the firm charges an annual fee that is based on the size of your portfolio. The fee is between 1% and 1.5%, depending on the number of investments under management.

This makes Fisher Investments comparable to fees assessed by other non-robo-advisor investment management companies. However, this is well above fees typically charged by robo advisors. For example, Wealthfront and Betterment start their fees at just 0.25% to 0.30% of assets under management.

How Does Fisher Investments Determine Your Portfolio

Ken Fisher on The Importance of Diversification

No two clients will be satisfied with the exact same portfolio, so Fisher Investments creates a unique portfolio for you when you sign up for their service.

To determine the ideal portfolio for your financial goals, they consider a variety of factors, including:

  • Your risk tolerance level or how aggressive you want to be with your investments
  • Your overall investment objectives
  • How long you want the portfolio to be invested
  • The cash flow requirements, such as the income you require from your portfolios investments now or in the future
  • Any other income sources you might be able to draw from
  • Tax considerations so you are taxed as little as possible upon taking income from the account
  • Any other personal preferences you might have

All the investment management is done by Fisher Investments IPC or Investment Policy Committee, which is overseen by five people, including Fisher Investments founder, Ken Fisher.

Fisher Investments also gathers a lot of information from its fully staffed research department, which helps to analyze macroeconomic trends and monitor individual stocks or ETFs to determine whether they would be good investments for specific clients.

Also Check: Can I Use A Heloc To Buy Investment Property


More like this

Best Real Estate Investing Advice

There Is...

How To Become An Sec Registered Investment Advisor

Competitors In...

Investment Account Sign Up Bonus

Acorns $25...

Real Estate Investment Financing Options

We Fight...