I think the best way to describe Fisher is to say, over diversified. They started one account with $462,500 and had it in 85 stocks. I understand that they want to make sure you don't go down to much but you also don't go up to much. It feels like a bit of a scam at 1.25% fees. I had them from March through September and was up 7%. Remember the year the market just had. I just didn't feel like they were actually managing my account but rather one size fits all. My guess is that the portfolio is used for all their clients and they rake in the fees. I remember them talking about the investment team working on what my portfolio will look like at the beginning, it ended up being almost every stock I have ever heard of. Anyways...after six months they were up 7% and after ending the relationship with them and adjusting the portfolio and adding some real opportunities I am up 22% in three months.
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Founded in 1979, Fisher Investments is an independent investment adviser serving both individual and institutional investors.
