Fidelity pulls out of $500m relationship with Fisher Investments (2024)

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IAN WENIK, CITYWIRE RIA Editor’s Picks 50 Growers Across America 2023 From SpongeBob to robos: Can Sarah Levy guide Betterment to an IPO? $120bn broker-dealer Atria Wealth Solutions pursuing sale -sources $4.4tn Fidelity Personal Investing president Joanna Rotenberg to exit Opinion: Is an affiliated broker-dealer right for your RIA? CFP advocates laud DOL's fiduciary efforts, critique timeline during hearing About $1.8 billion in assets have now left Fisher Investments since founder Ken Fisher’s lewd comments at an industry conference this month were made public. Leave a comment The transaction could value Hightower north of $5bn. JP Morgan Chase to end First Republic custody deal with Pershing -sources Happy holidays from Citywire ETF Files: PGIM, Goldman, John Hanco*ck launch new ETFs Vestwell raises $125m in Series D funding round Emigrant-backed Dakota nears $5bn with Minnesota RIA buy Wirehouses are auditing advisors' personal phones as regulators crack down on texting IAN WENIK, CITYWIRE RIA Editor’s Picks 50 Growers Across America 2023 From SpongeBob to robos: Can Sarah Levy guide Betterment to an IPO? $120bn broker-dealer Atria Wealth Solutions pursuing sale -sources $4.4tn Fidelity Personal Investing president Joanna Rotenberg to exit Opinion: Is an affiliated broker-dealer right for your RIA? CFP advocates laud DOL's fiduciary efforts, critique timeline during hearing Opinion & Analysis Kitces.com: How advisors can write, publish and distribute their own book Author and ghostwriter Michael Levin provides a guide for how financial advisors can write their own book — a powerful tool for building trust with prospective clients. Lucky for some! 13 funds that came of age in H2 2023 Opinion: Is an affiliated broker-dealer right for your RIA? Opinion: How AI can be a superpower for financial advisors Opinion: Predictions and advice for TD advisors moving to the Schwab custodial platform Interval funds: 10 success stories from 2023 Photo Gallery: Citywire RIA Miami 2023, Day 2 Better Business Kitces.com: How advisors can write, publish and distribute their own book Author and ghostwriter Michael Levin provides a guide for how financial advisors can write their own book — a powerful tool for building trust with prospective clients. Focus exec: Newly private company to emphasize organic growth Ask Angie: How should we pay financial advisors to best retain them? Niche of the Week: Top-tier management consultants Ask Angie: To niche or not to niche? RIAs search for a way to archive texts Niche of the Week: Serving pro athletes Connect Photo gallery: Citywire RIA Austin 2023, day 2 Another selection of the best pictures from Citywire RIA's CIO Summit in Austin, Texas. Photo gallery: Citywire RIA '50 Growers' award ceremony Photo Gallery: Citywire RIA Austin 2023, Day 1 Photo Gallery: Citywire RIA Washington 2023, Day 2 Photo Gallery: Citywire RIA Washington 2023, Day 1 Citywire RIA celebrates International Women's Day: Female role models Citywire RIA celebrates International Women's Day: Decompressing ETFS ETF Files: PGIM, Goldman, John Hanco*ck launch new ETFs Your daily roundup of ETF launches, strategy shifts and manager moves. The best and worst active funds and ETFs of 2023 ETF Files: Morgan Stanley adds to ETF roster, PM shuffle on JPM ETFs Fund Files: Neuberger PM steps off $4.3bn in funds, Natixis launches active ETF VettaFi to be acquired by Canadian exchange firm Publications After a punishing period of rising rates, bonds began to bounce back this year. But what’s in store for 2024? Fix The Future Vestwell raises $125m in Series D funding round Alibaba could be a steal and top investors are buying The Secret (Santa) tech investor: stick these shares in your stocking 1. Citywire RIA Editor’s Picks 2. 50 Growers Across America 2023 3. From SpongeBob to robos: Can Sarah Levy guide Betterment to an IPO? 4. Mergers & Acquisitions 5. Executive Changes 6. Opinion 7. Regulation 8. About $1.8 billion in assets have now left Fisher Investments since founder Ken Fisher’s lewd comments... 9. Related Funds & Related News 10. Additional Content Sections

Oct 22, 2019

About $1.8 billion in assets have now left Fisher Investments since founder Ken Fisher’s lewd comments at an industry conference this month were made public.

Money continues to flow out of Fisher Investments’ grasp after lewd comments made by founder Ken Fisher at an industry conference this month were made public.

Fidelity Investments has ended a $500 million relationship with the Camas, Wash.-based RIA, bringing the total assets pulled from the firm to about $1.8 billion.

A spokesman for Fidelity provided the following statement: ‘Fisher Investments no longer provides investment

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Fidelity pulls out of $500m relationship with Fisher Investments (4)

Mergers & Acquisitions Dec 22, 2023 Story By Ian Wenik

The transaction could value Hightower north of $5bn.

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Sure, diving into this article mix:

1. Citywire RIA Editor’s Picks

This section seems to curate specialized content across various financial domains, from mergers and acquisitions to opinions on broker-dealers and regulations. It highlights key events in the financial market.

2. 50 Growers Across America 2023

This could refer to a list profiling or recognizing significant contributors to the financial landscape across America. It likely covers diverse entities or individuals making notable strides in the financial industry.

3. From SpongeBob to robos: Can Sarah Levy guide Betterment to an IPO?

This headline suggests an exploration into Betterment, a financial services company that might be considering going public (IPO). The juxtaposition of "SpongeBob" and "robos" hints at a discussion covering diverse aspects—possibly the journey or strategy of Betterment under Sarah Levy's leadership.

4. Mergers & Acquisitions

This section covers substantial financial transactions involving companies merging, acquiring, or being acquired, which significantly impacts their valuations and market standings.

5. Executive Changes

Focuses on shifts in top-level personnel within major financial institutions or companies, potentially indicating strategic changes or responses to market trends.

6. Opinion

A platform for diverse perspectives on various financial matters, including analyses, critiques, and suggestions, addressing broker-dealer affiliations, regulations, and other industry-specific topics.

7. Regulation

An area dedicated to the ever-evolving landscape of financial regulations, discussing the implications of regulatory decisions and their effects on financial entities and advisors.

8. About $1.8 billion in assets have now left Fisher Investments since founder Ken Fisher’s lewd comments...

This snippet details the aftermath of Ken Fisher's controversial remarks, leading to a significant outflow of assets from Fisher Investments, particularly the loss of a substantial relationship with Fidelity Investments.

9. Related Funds & Related News

These sections probably offer insights into specific funds or investment vehicles affected by the events discussed in the articles or exploring the broader financial implications of those events.

10. Additional Content Sections

Other sections cover ETF launches, fund analysis, private markets, practice management tips, financial planning niches, and photo galleries, providing a comprehensive view of the financial industry, including market trends, strategies, and industry events.

This mix of articles seems to provide a holistic view of the financial landscape, ranging from macro-level market shifts (like mergers & acquisitions) to micro-level details (like personal financial planning niches). It reflects the industry's dynamism, regulatory impacts, and the strategic maneuvers of key players.

Fidelity pulls out of $500m relationship with Fisher Investments (2024)
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