Elder abuse claim against Fisher Investments heads to arbitration (2024)

FAQs

Elder abuse claim against Fisher Investments heads to arbitration? ›

A woman's allegation that Fisher Investments mismanaged her trust assets and racked up nearly $1m in tax obligations will not go to trial and instead will be settled in arbitration, according to documents filed last week in Los Angeles County Superior Court.

The lawsuit, filed in the Los Angeles Superior Court, accuses Fisher Investments of financial elder abuse, intentional and negligent misrepresentation, constructive fraud, and prioritizing the company's interests over those of the plaintiff.

The billionaire CEO of Fisher Investments spoke at a conference in San Francisco, where he made sexist comments. Fisher eventually apologized, yet it isn't the first time the money manager has used this type of language while speaking in public.

Fisher Investments is a fee-only advisor, meaning it only makes money based on the value of your assets. Other money managers may earn both fees and commissions from investment products they place in your portfolio, which may create a misalignment of incentives.

Fidelity Investments began reassessing its association with wealth manager Ken Fisher following his reported derogatory comments about women. Fidelity Investments expressed its disapproval of Fisher's remarks and is currently evaluating the $500 million that Fisher's firm oversees for the mutual fund behemoth.

By operating as a registered investment adviser, Fisher Investments holds itself to the fiduciary standard because of the clear signal it sends to our clients.

Within weeks of the incident Fisher Investments lost more than $2.7 billion as several institutional clients, including government pensions, severed their relationship with the firm. The firm Fisher founded is taking action as well.

If you have a high net worth and want a custom, actively managed portfolio, Fisher Investments may be a good choice. The fees are similar to working with many financial advisors and you'll be able to handle most of your financial needs in one place.

Fisher Asset Management LLC's average return since the fund's last 13F filing is 5.28%. What was Fisher Asset Management LLC's average return in the last 12 months? Fisher Asset Management LLC's average return in the last 12 months was 24.45%.

Both Fidelity and Fisher Investments have an A+ rating from the Better Business Bureau (BBB), although Fidelity is unaccredited. A+ is the highest possible rating and suggests both companies receive relatively few customer complaints and resolve disputes promptly and appropriately.

What do people say about Fisher Investments? ›

Fisher Investments has been named Best Financial Advisory Firm by USA Today and a top adviser by Financial Times, Equities Manager of the Year by MoneyAge and A Top US Registered Investment Adviser by Investment News primarily based on assets under management.

Fisher Investments ranks #2 on its RIA List, based on total assets under management. InvestmentNews is a weekly publication dedicated to delivering news and analysis essential to the business of financial advisers.

Our founder, Ken Fisher, is fond of saying, "I hate annuities," because he believes anything you can do with an annuity can be done better with other investment vehicles.

Fisher Investments main competitors are Cambridge Associates, Highland Capital Management, and Bridgewater Associates.

Ken Fisher founded Fisher Investments in 1979, which is now a $265 billion¹ investment adviser and money management firm serving large institutions, high net worth individuals and small business retirement plans globally. By most standards, it is the world's largest pure '40 Act Investment Adviser.