# Fisher Investments

> Fisher Investments is an SEC-registered investment advisory firm in Plano, TX, registered since 1987, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 107342
- Filed as: FISHER INVESTMENTS
- Legal name: Fisher Asset Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plano, TX
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107342
- AdvisorCensus page: https://advisorcensus.com/firm/fisher-investments-plano-tx-107342

## Quick answers

**How is Fisher Investments compensated?**
On its Form ADV (Item 5.E, October 2026), Fisher Investments reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fisher Investments located?**
Fisher Investments' principal office is in Plano, TX, according to its Form ADV; the May 2026 filing also lists 11 other offices (Schedule D, Section 1.F).

**Is Fisher Investments registered with the SEC or a state?**
Fisher Investments is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 107342.

**How much does Fisher Investments manage?**
Fisher Investments reports $386,669,724,038 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (100% discretionary).

**How have Fisher Investments' assets and staff changed since 2021?**
In the Form ADV data for Fisher Investments: Regulatory assets under management: $159,611,530,686 in the October 2021 data and $386,669,724,038 in the October 2026 data, up 142%. Total employees: 2,329 in October 2021 and 4,369 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fisher Investments serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (125,844); individuals (other than high net worth individuals) (73,217); corporations or other businesses not listed above (672).

**Which custodians does Fisher Investments use?**
Fisher Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Fisher Investments report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107342

**What changed in Fisher Investments' recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 1869 to 1948. Regulatory assets under management went from $298,729,428,900 to $386,669,724,038 (+29%). No longer lists an office in Atlanta, GA. No longer lists an office in Vienna, VA. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $386,669,724,038
- Discretionary: $386,669,724,038
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 73,217 | $48,319,829,624 |
| High net worth individuals | 125,844 | $283,022,342,188 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $249,513,649 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 46 | $7,406,565,244 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 73 | $6,503,110,838 |
| Charitable organizations | 25 | $4,114,890,418 |
| State or municipal government entities (including government pension plans) | 20 | $23,743,875,235 |
| Other investment advisers | 11 | $5,237,171,252 |
| Insurance companies | 4 | $891,352,021 |
| Sovereign wealth funds and foreign official institutions | 3 | $5,791,347,648 |
| Corporations or other businesses not listed above | 672 | $1,310,465,034 |
| Other | 4 | $79,260,887 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1987 (39 years)
- Employees: 4,369 total, 1,948 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Bellevue, WA
- Camas, WA
- Greenwood Village, CO
- Houston, TX
- Irvine, CA
- Northbrook, IL
- Oakbrook Terrace, IL
- Phoenix, AZ
- San Mateo, CA
- Tampa, FL
- Woodside, CA

### Websites listed on Form ADV (Item 1.I)
- bill-shepherd-fisher-investments.com
- damianornani.com
- fiduciary.com
- fisher1million.com
- fisher99tips.com
- fisheradviser.com
- fishercalculator.com
- fishercareers.com
- fisherinvestments.com
- fisherinvestmentsreviews.com
- fishernetworth.com/ynw
- fisherretirementtips.com
- inst40acttsr.com
- jaycarlsonfisherinvestments.wordpress.com
- kenfisher.com
- markshaber.wordpress.com
- matt-goldhaber-fisher-investments.com
- mattgoldhaber.wordpress.com
- muckrack.com/ken-fisher
- mutualfundpitfalls.com
- myfirewards.com
- rickkennedyfisherinvestments.wordpress.com
- robmayfisherinvestments.wordpress.com
- soundcloud.com/fisher-investments
- wealthtender.com/advisory-firms/fisher-investments
- Facebook @damianornanifi
- Facebook @fishercareers
- Facebook @fisherinvestments
- Facebook @kenfisher.fisherinvestments
- Facebook @fisherinvestmentscanada
- Instagram @damianornani
- Instagram @fisher.investments
- Instagram @fishercareers
- Instagram @fisherinvestmentscanada
- Instagram @kenfisher_fisherinvestments
- LinkedIn @fisher-investments
- LinkedIn @fisher-investments-canada
- LinkedIn @damianornani
- LinkedIn @ken-fisher
- LinkedIn @fisher-investments-institutional-group
- LinkedIn @personalized-retirement-outcomes
- Threads @fisher.investments
- Threads @kenfisher_fisherinvestments
- TikTok @fisher_investments
- X @aaronandersonfi
- X @damianornani_fi
- X @fisherinvest
- X @fisherinvestca
- X @kennethlfisher
- YouTube @fisherinvestments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $159,611,530,686 | 2,329 | September 1, 2021 |
| October 2022 | $208,905,102,124 | 2,908 | April 11, 2022 |
| October 2023 | $192,398,103,714 | 3,349 | April 6, 2023 |
| October 2024 | $276,890,013,440 | 3,525 | July 29, 2024 |
| October 2025 | $298,729,428,900 | 4,065 | March 27, 2025 |
| October 2026 | $386,669,724,038 | 4,369 | April 2, 2026 |

Regulatory assets under management: $159,611,530,686 in the October 2021 data and $386,669,724,038 in the October 2026 data, up 142%.
Total employees: 2,329 in October 2021 and 4,369 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 1869 to 1948.
- Regulatory assets under management went from $298,729,428,900 to $386,669,724,038 (+29%).
- No longer lists an office in Atlanta, GA.
- No longer lists an office in Vienna, VA.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fisher Investments (CRD 107342): Form ADV filing data as of October 2026.