Fisher Investments

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Fisher Investments
Company type Private
Industry Financial services
Founded1979;46 years ago (1979)
Founder Ken Fisher
Headquarters
Plano, Texas
,
U.S.
Number of locations
29 offices (2023)
Area served
United States, Canada, Europe, Middle East, Asia, Australasia
Key people
  • Damian Ornani (CEO)
  • Steven Triplett (COO)
Services Asset management
AUM $300+ billion (December 2024)
Number of employees
+6,000 (2025)
Subsidiaries Fisher Investments Europe, Grüner Fisher Investments GmbH
Website www.fisherinvestments.com/en-us
Footnotes /references
[1] [2] [3]

Fisher Investments is an independent money management firm headquartered in Plano, Texas. [4]

History

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]

References

  1. ↑ "Our History". Fisher Investments.
  2. ↑ "Fisher Investments AUM". Fisher Investments.
  3. ↑ "Meet Our Leadership Team". Fisher Investments.
  4. ↑ Parton, Mitchell (March 27, 2023). "Fisher Investments' headquarters move to Plano will add jobs in North Texas". The Dallas Morning News.
  5. ↑ "Fisher Investments names Damian Ornani CEO as Ken Fisher relinquishes role". Investment News. March 22, 2016. Retrieved November 4, 2016.
  6. ↑ Thomas, Lauren; Cooper, Laura (June 16, 2024). "Fisher Investments Strikes Deal With Advent". The Wall Street Journal.
  7. ↑ "Meet Fisher Investments' Global Executive Leadership Team". Fisher Investments. Retrieved October 9, 2024.
  8. ↑ Britton, Diana (June 24, 2024). "Fisher Investments to Spin Out $4.75B 401(k) Business". Wealth Management.
  9. ↑ Corbin, Kenneth (June 25, 2024). "Fisher Investments to Spin Off 401(k) Business, Which Will Be Led by Founder Ken Fisher's Son". Barron's.
  10. ↑ "Fisher Investments Europe Ltd". Bloomberg .
  11. ↑ 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.
  12. ↑ Joner, Cami (December 26, 2013). "Work Starts on 2nd Fisher Building". The Columbian. Vancouver, WA. Archived from the original on June 11, 2014. Retrieved January 20, 2014.
  13. ↑ Staff. "Fisher Investments expands into Germany". Reuters. Archived from the original on March 24, 2020. Retrieved July 16, 2007.
  14. ↑ Acheson, Heather (June 7, 2011). "Fisher Investments plans for two new buildings". Camas-Washougal Post-Record. Archived from the original on March 25, 2015. Retrieved March 25, 2015.
  15. ↑ "Fisher Investments announces completion of five-story office building in Camas". The Columbian. Retrieved October 22, 2020.
  16. ↑ Findell, Elizabeth (August 10, 2024). "Welcome to Y'all Street, Texas' Burgeoning Financial Hub". The Wall Street Journal.
  17. 1 2 Hagan, Shelly; Woolley, Suzanne (March 28, 2023). "Ken Fisher Boosts Wall Street West With $197 Billion Texas Shift". Bloomberg. Retrieved March 28, 2023.
  18. ↑ "Fisher Investments: Camas offices won't close over HQ shift to Texas". The Columbian. March 12, 2024. Retrieved March 21, 2024.
  19. ↑ Thomas, Lauren; Cooper, Laura (June 16, 2024). "Fisher Investments Strikes Deal With Advent". The Wall Street Journal.
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