Fisher Investments

Fisher Investments is an independent investment management and financial-services firm founded by Ken Fisher in 1979. The business provides portfolio management and related investment services to private clients, institutions, pension plans, and retirement-plan sponsors. Its activities are organized principally around the Fisher Investments Private Client Group, the Fisher Investments Institutional Group, and an international private-client business serving investors outside the United States. The firm developed from Ken Fisher's investment practice into a large, vertically organized asset manager with operations in the United States and overseas. Its investment approach emphasizes global diversification, macroeconomic and market analysis, and security selection supported by fundamental research. Fisher Investments generally presents itself as a long-term portfolio manager rather than a traditional brokerage firm, although its client offering can include investment planning, portfolio construction, ongoing advice, and educational communications. Ken Fisher founded the company and led it as chief executive until July 2016. He subsequently became executive chairman and co-chief investment officer, remaining involved in investment oversight and corporate leadership. Damian Ornani, a longtime Fisher Investments employee, succeeded him as chief executive officer. The company is privately held and has not issued publicly traded shares or a public-market ticker. Fisher Investments established its European subsidiary, Fisher Investments Europe Limited, in 1999, with headquarters in London. It later expanded through additional offices and international subsidiaries, including Grüner Fisher Investments GmbH in Germany, which began as a joint venture and subsequently became wholly owned by Fisher Investments. The firm has also maintained a significant presence in Washington state, including the Fisher Creek campus in Camas, while expanding operations in locations such as Plano, Texas, and Tampa, Florida. In March 2023, Fisher Investments announced plans to relocate its headquarters from Camas, Washington, to Texas, while retaining offices in Camas. The move reflected the company's broader geographic reorganization rather than a complete withdrawal from Washington. In June 2024, it announced that its 401(k) Solutions business serving small and midsize retirement plans would be separated into an independent company named Fisher Retirement Solutions. The separation was intended to give that business a distinct operating structure while allowing Fisher Investments to concentrate on its core investment-management activities. In January 2025, Advent International and the Abu Dhabi Investment Authority completed a minority investment reported at $3 billion, implying a valuation of approximately $12.75 billion. Ken Fisher retained more than 70% of the voting shares and continued as executive chairman and co-chief investment officer. Reference material states that the firm and its subsidiaries managed more than $441 billion for individual and institutional investors as of June 2026; this figure is time-specific and should not be treated as a permanent asset level.

Ken Fisher established Fisher Investments in 1979, creating an investment-management business that initially centered on his investment research and portfolio-management activities. The firm subsequently expanded beyond its founder's personal practice into a multi-channel asset manager serving private individuals, institutions, pension plans, and retirement-plan sponsors. Its business model has emphasized direct investment management, ongoing client communication, and research-based portfolio construction rather than public-market brokerage operations. A major part of the company's development was the creation of specialized client groups. The Private Client Group serves individual investors, including affluent and high-net-worth households. The Institutional Group manages money for institutions and retirement-related organizations. The international private-client operation extends the model beyond the United States through subsidiaries and regional offices. These units allow Fisher Investments to adapt its services to different regulatory environments and client types while retaining a common investment platform. Fisher Investments began its international corporate expansion with the incorporation of Fisher Investments Europe Limited in 1999. The European subsidiary was headquartered in London and became a base for serving clients in the United Kingdom and other European markets. The firm later expanded its international footprint through offices in multiple countries and through Grüner Fisher Investments GmbH in Germany. Grüner Fisher Investments began as a joint venture and later became a wholly owned subsidiary. The company also developed a substantial physical presence in Washington state. In late 2011, it opened a headquarters facility on the Fisher Creek campus in Camas, Washington. During the following three years, it added two more buildings to the campus, and in 2020 opened a fourth building. The five-story 2020 building was described as having capacity for approximately 1,100 additional employees. At the same time, the firm expanded its United States operations through offices in places including Vancouver, Washington, Plano, Texas, and Tampa, Florida. Ken Fisher served as chief executive from the company's founding until July 2016. He then moved into the roles of executive chairman and co-chief investment officer, while Damian Ornani, who had spent many years at the company, became chief executive. This transition separated day-to-day corporate management from Fisher's continuing involvement in investment leadership and strategic oversight. In March 2023, Fisher Investments announced its intention to move its headquarters to Texas. The planned relocation was expected to be completed by June 2023, but the company stated that it would retain Camas offices. The change represented a shift in the firm's principal corporate base while preserving an established operational presence in Washington. In June 2024, Fisher Investments announced that its 401(k) Solutions business for small and midsize retirement plans would be spun off into an independent company named Fisher Retirement Solutions. The decision created a separate structure for that retirement-plan business and clarified the distinction between it and Fisher Investments' principal institutional and private-client activities. The firm's ownership structure changed in January 2025 when Advent International and the Abu Dhabi Investment Authority completed a minority investment reported at $3 billion. The transaction implied a valuation of approximately $12.75 billion. Ken Fisher retained more than 70% of voting shares and remained executive chairman and co-chief investment officer, preserving founder control while bringing in institutional minority capital. Reference material reports that Fisher Investments and its subsidiaries managed more than $441 billion as of June 2026, although assets under management are subject to change and the figure is tied to that stated reporting date.

1. 2025Minority investment completed

   Advent International and the Abu Dhabi Investment Authority complete a minority investment reported at $3 billion.

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2. 2024401(k) Solutions separation announced

   The company announces that its small- and midsize-plan 401(k) business will become Fisher Retirement Solutions.

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3. 2023Headquarters relocation announced

   Fisher Investments announces plans to move its headquarters to Texas while maintaining offices in Camas.

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4. 2020Fourth Camas campus building opens

   The firm opens a five-story building at the Fisher Creek campus with stated capacity for approximately 1,100 additional employees.

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5. 2016Chief executive succession

   Damian Ornani succeeds Ken Fisher as chief executive, while Fisher becomes executive chairman and co-chief investment officer.

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6. 2011Fisher Creek campus opens

   The company opens a new headquarters campus in Camas, Washington.

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7. 1999European subsidiary incorporated

   Fisher Investments Europe Limited is incorporated with headquarters in London.

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8. 1979Fisher Investments is founded

   Ken Fisher establishes the investment-management firm in the United States.

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A research-led, long-term investment manager positioned around global diversification, active portfolio management, investor education, and direct client relationships.

• Private Client GroupPrivate-client investment management

  The Private Client Group provides discretionary investment management and related advisory services to individual investors, including affluent and high-net-worth households. Services are built around customized portfolios, ongoing portfolio monitoring, investment planning, and communication intended to help clients pursue long-term financial objectives. The group is one of the firm's principal operating businesses.

• Institutional GroupInstitutional asset management

  The Institutional Group manages assets for organizations such as pension plans, corporations, foundations, and other institutional investors. Its work can include portfolio construction, global equity and fixed-income exposure, research, risk oversight, and ongoing reporting. The institutional business applies the firm's investment platform to mandates that generally have different governance, liquidity, and reporting requirements from private-client accounts.

• International Private Client GroupInternational investment management1999

  The international private-client business serves investors outside the United States through Fisher Investments' overseas subsidiaries and offices. Fisher Investments Europe Limited provides a principal European operating base, while the firm also operates through other international entities, including its German subsidiary. The offering adapts investment advisory and portfolio-management services to local regulatory and market conditions.

• 401(k) SolutionsRetirement-plan investment services

  401(k) Solutions was the Fisher Investments business serving small and midsize retirement plans. In June 2024, Fisher Investments announced that this operation would be separated into an independent company called Fisher Retirement Solutions. It is therefore treated as a separated or transitioned business rather than an unchanged core Fisher Investments product line.

• 2025Minority investment by Advent International and ADIAM&A

  Fisher Investments remained privately held and founder-controlled before the transaction.

  What changed. Advent International and the Abu Dhabi Investment Authority completed a minority investment while Ken Fisher retained more than 70% of voting shares.

  Aftermath. The transaction provided institutional minority capital without displacing Ken Fisher's voting control or his executive-chairman and co-chief-investment-officer roles.

  Investment amount and implied valuation. $3 billion minority investment; approximately $12.75 billion implied valuation (January 2025)

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• 2024Separation of 401(k) SolutionsStrategy

  The company operated a retirement-plan business focused on small and midsize plans alongside its private-client and institutional activities.

  What changed. Fisher Investments announced that the 401(k) Solutions business would be spun off into an independent company named Fisher Retirement Solutions.

  Aftermath. The retirement-plan operation was placed on a separate organizational path, allowing Fisher Investments to focus more clearly on its principal investment-management groups.

  Source
• 2023Relocation of headquarters to TexasStrategy

  Fisher Investments had developed a major operating campus in Camas, Washington, while also expanding in Texas and other locations.

  What changed. The company announced plans to move its headquarters to Texas by June 2023 and said it would retain offices in Camas.

  Aftermath. Texas became the firm's principal headquarters location, while Washington remained an operating base.

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• 2016Chief executive successionOther

  Ken Fisher had led the firm as chief executive since its founding in 1979.

  What changed. Damian Ornani became chief executive, while Ken Fisher moved into the roles of executive chairman and co-chief investment officer.

  Aftermath. Fisher remained involved in corporate and investment leadership, and Ornani assumed responsibility for day-to-day executive management.

  Source

• 2025Advent International and ADIA complete minority investment in Fisher Investments

  Advent International and the Abu Dhabi Investment Authority completed a reported $3 billion minority investment, valuing Fisher Investments at approximately $12.75 billion. Ken Fisher retained more than 70% of voting shares.

  M&A
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• 2024Fisher Investments announces separation of 401(k) Solutions business

  The company announced that its business serving small and midsize retirement plans would be spun off into an independent company called Fisher Retirement Solutions.

  Other
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• 2023Fisher Investments announces Texas headquarters relocation

  The firm announced that it intended to move its headquarters from Camas, Washington, to Texas by June 2023, while continuing to maintain offices in Camas.

  Other
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1. Fisher Investments
2. Fisher Investments official website