FISHER INVESTMENTS

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Adviser Profile
As of Date 07/29/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
Number of Employees 3,525 5.26%
of those in investment advisory functions 1,613 2.48%
Registration SEC, Approved, 03/26/1987
AUM* 276,890,013,440 59.67%
of that, discretionary 276,890,013,440 59.67%
Private Fund GAV* 271,163,924 -4.67%
Avg Account Size 1,715,966 158.66%
% High Net Worth 56.91% 32.17%
SMA’s Yes
Private Funds 6 1
Contact Info 800 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Other investment advisers
- Insurance companies
- Sovereign wealth funds and foreign official institutions
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
209B 179B 149B 119B 90B 60B 30B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count6 GAV$271,163,924

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Brochure Summary

Overview

Firm Description Fisher Asset Management, LLC, doing business as Fisher Investments (“FI”), a privately held limited liability company, is an investment adviser with offices in California, Florida, Texas and Washington. FI is registered with the U.S. Securities and Exchange Commission (“SEC”); in Canada with the Alberta Securities Commission, British Columbia Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission, Newfoundland and Labrador Financial Services Regulation Division, Nova Scotia Securities Commission, Ontario Securities Commission, Prince Edward Island Securities Office, Quebec Autorité des Marchés Financiers, and Saskatchewan Financial Services Commission; and with the Netherlands Authority for the Financial Markets. FI has a branch office registered with the Dubai International Financial Centre. Being registered with the SEC or any other regulatory authority does not imply FI has a certain level of skill or training. FI manages assets within different client groups: 401(k) Solutions; Institutional (including Personalized Retirement Outcomes); US and Canadian private clients; UK private clients; European private clients; and Australian private clients. Collectively, these groups comprise a global client base of diverse investors including corporate, public and multi- employer pension plans, foundations and endowments, insurance companies, healthcare organizations, governments, investment companies and high net worth individuals. The firm offers a broad array of US, non-US, global equity, and fixed income strategies with various capitalization and style orientations. Founded in 1979, all strategies are supported by the firm’s global research platform developed over its 40+ year history. Investment decisions are made by the firm’s five member Investment Policy Committee (“IPC”). In the mid-1990s, FI began offering separate portfolio management directly to high net worth individuals. In early 2000, FI expanded service offerings into Canada and Europe. 401(k) Solutions was launched in 2014. The bedrock of FI’s business is based on maintaining a culture of ethics and integrity with the highest possible emphasis on clear and transparent communications with the investing public. Embedded within the firm’s culture is its embrace of the fiduciary duty to put client interests first. FI fosters a culture that hires, trains, and rewards employees in direct support of the values of openness, honesty, integrity, and trust. Principal Owners Fisher Investments, Inc. owns 100% of the voting interests in FI, with the CEO (as co-trustee, with his spouse, of a family trust) holding non-voting interests. Ken Fisher (as co-trustee, with his
spouse, of a family trust) owns more than 75% of the shares of Fisher Investments, Inc. Types of Advisory Services FI, through 401(k) Solutions, provides fiduciary and non-fiduciary services for retirement plan sponsors in the United States. Depending on retirement plan type and FI’s agreement with each plan, these services generally include the following: Provide a dedicated service team Lead service provider transitions Help plan sponsors establish and understand plan goals, rules, and features Help establish an investment policy statement (“IPS”) Build a goals-driven fund lineup (Fiduciary Service) Provide a customizable employee introduction to the plan Hold one-on-one enrollment and retirement guidance meetings with all employees March 28, 2024 Form ADV Part 2A 5 Keep investment lineup aligned with plan needs (Fiduciary Service) Help maintain IPS Help plan sponsors understand plan governance and compliance issues Champion the plan with other service providers and spearhead transitions as needed Analyze service provider fees and compare to industry averages Deliver an annual plan review to key stakeholders Compile fiduciary audit file materials Execute ongoing financial education programs for employees Provide employees direct access to Retirement Specialist support Host ongoing customized employee events and one-on-one meetings Provide additional plan compliance support Provide ongoing fiduciary education The Funds include registered investment companies (i.e., mutual funds) that are not advised by FI, and/or collective funds (“Collective Funds”) for which FI may serve as investment adviser. These are explained in more detail in Methods of Analysis, Investment Strategies, Risk of Loss, and Affiliations sections for additional information. FI does not receive any fees from funds, including fund distribution fees, revenue sharing, advisory fees, or management fees. When selecting funds, FI evaluates a range of qualitative and quantitative factors, including fund fees. FI seeks funds with reasonable fees that also meet our other fund evaluation criteria. Collective Funds, when utilized, are designed to be low fee for the participant. Some plan sponsors may elect to make additional investment options available to plan participants through a self-directed brokerage account. Assets under Management FI manages client assets on a discretionary basis. As of December 31, 2023, FI managed a total of: 401(k) Solutions Private Client Institutional Total Discretionary $4,093,948,454 $195,488,349,846 $36,361,057,165 $235,943,355,465 Non-Discretionary $0 $0 $0 $0 Total $4,093,948,454 $195,488,349,846 $36,361,057,165 $235,943,355,465