Review Time
I have been a very satisfied client for a couple of years. Jordan from the Dallas office has been outstanding. He keeps in regular contact. He provided subject matter experts and financing on a vacation home mortgage, medicare and social security. It truly is a full service operation. My tax advisor complemented Fisher on my 2023 tax harvesting, My previous financial advisor (nationally well known) was not in regular contact, ignored tax harvesting and never provided subject matter experts.
We have only just joined Fisher so I can't speak to returns. Who can really speak to returns unless they have been with a firm for at least 5-7 years? The market is cyclical and investments are longterm - it's not a casino. But what I can speak to is the advisor service and support. Jacob T (out of the DFW office managing our UK portfolio) has been incredible. In the past with St James, communication was perfunctory at best. Jacob has already proven to be proactive and very quick to hop on a call to explain things. Further, when interviewing for new advisors, I found many to be condescending to me (as a woman) speaking to me as if I were a child. Jacob explains things in an easy to understand manner, always backed up by data, and never speaking down, or over, me. So far, I am delighted.
"We do better when our clients do better" and Fisher also do better when their clients DON'T do better. They charge a flat investment fee based on your assets' value, so if you have $1M invested initially, they charge a flat 1.25% (or so) and when they "manage" your assets where the value goes down to $900K, they still collect the 1.25%. Also, the custodian they work with (Sell-side brokers) will charge you commission on transactions which may not be directly benefited by Fisher, it is still a cost that YOU as client pays. I am lucky to have some financial smarts, so I took my monies OUT of fisher....I STRONGLY DO NOT RECOMMEND FISHER INVESTMENTS
After taking early retirement I had a SIPP which was managed through IA's through difficult times of 2022 to Nov 2023. It was invested through various products, for Example HSBC Emergiing Markets, L & G European Equity funds etc. When the market started to recover my SIPP didn't. The Company I was with essentially were picking funds they believed were right for the market and economic conditions but ultimately I thought they aren't the fund managers. This meant my money could be moved by them, and the funds managers could the change the make up of the fund. I had been in contact with Fisher through completing an online form which required my contact details in order to get their market review etc. I received a call, told them I wasn't interested, but didn't mind if the contacted me in 3 or 4 months, the called was fine with this, I did my research on them read the hard sell horror stories, but this was not my experience, especially coming from a background in the financial industry for the last 38 years. After several calls over 12 month period, I transfer my SIPP to Fisher, Purisma Fund. Fees were almost identical to the ones I was paying, but I knew that I was with someone who controlled and made the decisions on the equities within my SIPP. Yes, heavily weighted in US Companies but they were the ones performing. Since transferring last November it's outperformed the average of its piers, my SIPP has increased 20% after fees, I know early days but I'm in this for the long term and expect a market correction. The one comment made to me by the advisor at Fisher was that if I didn't decide to transfer to them at least change to an ETF tracker fund and save on the fees I was paying as my SIPP was underperformed. How true that was, it was several months after that conversation that I moved to Fisher. Not all plain sailing couple of issues with the custodians of the SIPP, not Fisher, but with Fisher being such a large client the soon had these resolved for me. OK I may have been lucky, there may be hard sell advisors out there but, this was not my experience, I was asked some thought provoking questions, give time to review, and I controlled when they could call me again.
Had an initial call with Andy M——n from Green Bay. He indicated that he is a VP, Well they must hand out titles to make these people feel good about themselves. He when off his script of questions to ask and when I challenged a few questions the alter ego appeared and was telling me I did not have the greater knowledge that he was adorned with. The most rude and desperate individual. Your nothing but a number at Fisher
I had an email exchange and then a Zoom meeting with Fisher Investments, and everything went dead after I asked him, with current bond yields at 5 to 6 % and some good dividend stocks providing 6% plus returns, what can Fisher recommends that could outperform these to justify their fee. Then I got a message of a "Heating Emergency," and then everything went quiet. That was 3 weeks ago. My advice is, with all of the options out there today, pay for your own research and then manage your own money. When you lose money companies like Fisher still make money, read Benjamin Graham and you will come out ahead.
Claim your business profile now and gain access to all features and respond to customer reviews.
Founded in 1979, Fisher Investments is an independent investment adviser serving both individual and institutional investors.
newworlddiamonds.com
heatgeek.com
importhsmilestudio.com
uksmiles.co.uk
academlead.co.uk
rosabella.com
ezebra.pl
esclatech.com
groundsguys.com
jcb-tools.co.uk
