Fisher Investments

Fisher Investments is good only at marketing
25 Complaints
Fisher Investments Review

Fisher Investments is a trap, and they market themselves to be the best investment firm. I moved all my portfolio in 2007 to this firm. I continued to work with them for few years, and after continuous problems with my account, I left their company in 2013.

I got a call from Fisher a few months back, and it was again their marketing department that was looking for a reconsideration. So, I could not resist myself and posted this review.

When the first time they lured me into getting my portfolio with them was the continuous assurance that they were not traders, which they are actually. This bait got me into a lot of trouble later on. But, this time, I am not going to fall for their sweet talks.

When I had an account with them, they underperformed with every benchmark. I believe that they work on the theory of one size fits all. This is the most stupid thing to do when you are working as an investment company.

In 2012, when I was hit by the bill of capital gains over 225K, they stayed behind the market significantly. In that same year, they dumped most of their holdings twice, which substantially affected their clients.

The worst part was when I did some research on my own only to find out that they had not cared about the 13% of my portfolio that went in a “double down bet” when the market was rising.

They did not care to inform me. They paid Barclays as well as USB to write the note. It’s more complicated than anyone can guess. In short, when I got to know about their tactic and asked them to leave, they said that the whole thing could take more than two weeks to unwind the trade.

They admitted that the fee was too high, and the things were too complicated that they were not sure if they could find the buyer.

If you wish to see Fisher Investments’ performance and what they actually get you as a return, visit Morningstar and check out PURIX, the mutual fund they offer.

Being their institutional mutual fund, they put every private client group onto this fund. This gets them the lowest possible returns with the highest risk possible. If you can guess, they have made a 6.79% return long since 1996. So, if you consider inflation, you are actually losing money. On top of that, they have 1.25% Fisher Investments fees.

They are on the verge of collapse, and I hope it comes sooner to them. All they are doing is pretending to be your safe keeper and doing everything to take it all away.

Fisher Investments reviews are all scattered on the internet to give you more insight into their scam. Fisher Investments career is already downside. If you want to be a part of their investment plans, you should get health insurance first. They can get you into that much trouble.

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25 Complaints on Fisher Investments

  1. Stay away from Fisher……..

    Put half a mil in march 9, 2022, increased to 554,000 in 3 weeks, they did Nothing… stops, no selling of profitable or loss stocks, absolutely nothing. As of this writing, now 468,000. This is nothing more than a mutual fund scam of 80 stocks, with absolutely no monitoring. They only are interested in the quarterly commision. I moved out totally, 2 days ago. What a ripoff…..they are totally incompetent in investment field…….during this same period, i gained almost 20%, with my 50 years experience of stock market investing. STAY AWAY FROM THESE SCAM ARTISTS !!!!

  2. Just Used Car Salesmen

    I constantly get aggressive calls from Fisher salespeople telling me how great they are and trying to sell their services.

    They come off as nothing more than used car sales associates and nothing to back up their claims.

    If they were legitimate, they wouldn’t need to get on the phone and sell people in that manner.

    The top fiduciaries let their reputations sell them with referrals.

    I have yet to hear of one person who would recommend Fisher.

    If a financial advisor finds it necessary to hound me on the phone to sell something, I’m not interested in working with that person.

  3. Had someone call claiming to be A V.P. at fisher Investments praising his employer as a great investor since he has so many published books and experience with equity investing. I said I’ll stay with passive funds and won’t be greedy.

  4. Fisher on the "outs"

    For some time, I have been disappointed in Fisher’s management of my portfolio. At my age, I want away from stocks – diversity is a better option for me. I attended a Fisher round-table recently. Maybe 25 investors were in attendance – 2 Fisher reps. Maybe in their mid-30s.

    I wouldn’t be far off in estimating the average age of the attendees to be the late 70s. Many appeared to be in their 80s.

    They were listening (me too) to a couple of kids talking about world events and recessions. Maybe it is me, but I don’t want to listen to kids telling me their theories. This all could be me.

    I am not a follower, and the rest of the group seemed to be a cult following. I was amazed to listen to people at the table talk about the ups and downs of the market and the patience you need in the down cycle while you wait for the recovery.

    By the time the next cycle comes, around 1/3 of the people (again in that room) will be dead before there is a recovery. I can’t do it anymore. I do not want a heavy investment in stocks unless I manage them directly – I want diversity – Fisher does not have that. I also want to take advantage of a down cycle.

    I do not know how you would do that with Fisher. Shame on me for listening to kids discussing the world of investments. Xenophobia appears to drive Fisher as does, “my way is the best way.”

  5. Fisher Investments is very misleading, Stay Away!

    I consider myself a reasonably prudent investor. I think I have done very well on my own investing for retirement. This year it looks like my investments went up about 25-30%, which I am still questioning because it seems too high. I am single, and I have about $950,000 saved up. I am still working on a contract basis to have something to do in semi-retirement and to cushion my retirement.

    Like many people, I use various calculators from Brokerage houses to see if I am still on track. The one exception is Fisher Investments. They mislead you with their calculators, only to try and get you to send your investments to them, which I do not appreciate.

    I want to use their calculator to see if there is something I need to be concerned with. Instead, Fish Investments wants you to give them everything about you before they let you use their calculator. After reading so many negative reviews about Fisher Investments, I am staying away from anyone associated with them. They are bad news as far as I am concerned.

  6. As soon as they came to Camas, they sent out this huge envelope about their company. They wanted me to send info about my account. I didn’t read anything in the portfolio.

    A few days later, they called and wanted to know why I didn’t send any info on my account. I told them I’d been with this person for a long time and wasn’t interested in their company.

    I’m sure glad I didn’t do anything with them, after reading about them and the article about his dirty mouth. He sounds like a total phony. People like this always get their just reward.

  7. Misleading Reviews

    I have been a Fisher client for close to 7 years and my insurance guy sent me this website in an attempt to sell me an annuity and discredit the company. These reviews are among the most misleading and ridiculous statements I’ve seen in years. Fisher has been nothing but honest in representing themselves both during the “sale” but more importantly during the relationship over the years. The poor ranks here are the scam themselves, easily either from competitors trying to pitch scam products, or from people with serious misconceptions.

    If you are meeting with Fisher, or already a client, don’t fall prey to B.S. reviews!

    1. Looking for an advisor

      How do we know you don’t work for Fischer yourself? You seem too defensive not to be

    2. The Pressure Salesmen

      I recently ordered Fisher’s 13 retirement things to avoid (free). I just wanted to confirm my investments, but the next thing I heard was my phone ringing with some high-pressure sales associate from Fisher.

      I did not give out my number, so I guess he researched to get it. All he wanted to do was argue with me, which I grew tired very quickly. I finally had to tell him I was done. Not my idea of a good adviser.

    3. Except for 2008-9 Fisher has performed exceptionally for us.

      Don’t believe the negative reviews on this site. I would suggest going to one of their meetings and ask the participants how their performance was.

  8. Unsolicited Mail

    When you receive their package in the mail and you open it and start to read their pitch. The 1st RED FLAG is the word Congratulations. The second Red FLAG is the word Logical. Why would some company that i have no ties to what so ever congratulate me on my financial success ? And if i am a success why would i need them? Logical Question!! And thirdly the cost they have incurred mailing out expensive Envelopes printing,mailing,handling etc when a phone call would suffice. But they don,t because they are SCAMMERS.
    It is a shame they try to steal from americans.

  9. Was thinking g about Fisher until now

    I have about 6 years left till I consider retiring and was considering going to fisher investments. But after reading everyone’s post on how bad Fisher preformed and that they are supposed to be professionals. My Fidelity account is out preforming Fisher by 12% and I do my own investing. I guess I’ll go talk to the local fiduciary and see what they can offer

  10. Too Many Commercials To Be Legit

    I almost went with them due to their “Sincerity” on their commercials, but your website saved me. I can get a decent safe return investing on my own without paying out a kickback of 1.25%. Thank you !!

  11. I would have been better off hiding my money under my pillow

    James Thompson has had my accounto since August 2017. Currently up 1.3%. Very disappointed

  12. I wrote this a few years ago and you stole it and rewrote it

    I was just looking on the internet and came across this article. I wrote this a few years ago. You took what i wrote, and embellished it. I am going to find out who you are and report you. I can’t believe it You have my information, i would like you to contact me and explain why you did this

  13. Boiler Room

    I was actually interested in Fisher around 2011. I invited one of their salesmen out to give me a presentation. He gave a spill about how great my investments would do but I never could figure out exactly what they were doing so I hesitated because my Vanguard accounts were doing good and I wasn’t that savvy an investor at the time and 500k was a lot of money for me to put with one money manager.
    After a month or so the phone started ringing as their closer kept calling. About the fourth or fifth time he called on a stressful day when I up to my neck in alligators and made the mistake of basically calling me stupid for being a passive investor when Fisher could do so much more. Stupid was not a word I cared for so I came unglued and told him what and where he could put his Fisher fund. Vanguard has done really good for me and you never see them advertise while Ken Fisher is on TV many times a day pushing his fund. That he has to plead so much tells me more than anything about this den of scammers, especially after reading a previous responders comments.

  14. Fisher good at losses

    Just did a complex tax filing for a Fisher customer couple, both over 65, one handicapped. Summary is that fees were $8800, dividends were $14000, tax free income under $1000, foreign taxes around $500, short term capital losses were $22000 with no LT losses or gains. All trades done with TD Ameritrade. Evidence of churning, trades included many odd lots and foreign assets, both stocks and bonds as well as mutual funds. Not at all appropriate for a retired couple. They are divesting themselves of Fisher.

  15. Fisher Investments lost 14+ percent of my IRA in 2018

    Fisher ignored their fiduciary responsibilities for an all equity IRA for a 78 year old male including high risk bank ETFs. When questioned about the portfolio, they became highly defensive and argumentative despite the facts that included equities with 30-70% losses. When faced with difficult questions and the facts they change the subject and proceed to do yet another retirement analysis, based of course on their skewed models. When I complained to Fisher they essentially ignored me and finally fired me, refusing to state reason. Very dishonest firm. I have chatted with a number of law firms that would love to get the goods on Fisher. But its is really tough because Fisher will flight all to the death – yours. I’m still looking at recovery options and am filling a complaint with the SEC. If a sufficient number of Fisher victims do the same, perhaps the SEC or other government watchdogs will take action.

  16. hiding something

    Extremely aggressive, do not give them your phone number! In the end, they were unable show me a simple track record. Or, they didn’t want to! LOL

  17. Substandard Performance

    Fisher did well in 2017 but so did just about everyone else. After promising a banner 2018 year my IRA was already down 8% before the the downturn starting in Oct 2018. As of yesterdays closing, when the DJ rose over 1000 points, IRA was down over 17% for the year. For a client past normal retirement age by 10 years, this represents a fiduciary responsibility failure (17% loss compare to 12/26 YTD gains for the S&P, DJ, and NASDAQ of 4.96, 4.98. & 5.84 respectively). Much of the losses caused by poor securities selections and letting bad investments get worse. (How about riding GE all the way down to $7 from $34; and ditto for UBS). Did I level my concerns to Fisher? You bet over the past 4-5 months and they were largely ignored under the guise that ‘Fisher Knows Best’. Well the facts do not lie.

    1. All the major indices were down at the end of Dec 2018 – not sure what you’re saying

  18. Searching for a investment adviser

    I don’t know that these guys are really scamming anyone at all? I had an interview with them and determined in about 5 minutes that they did not produce enough returns to justify their fee schedule much less me having my dollars tied up in a poorly performing system. Simple as that. Buyer beware, I think that they are pretty typical of a lot of so called investment firms.

  19. Only one getting richer Ken Fisher and his Sales team.

    The customer service is a device of Fisher to evade truth of what is really going on in Portfolio. They are rude, make plenty of phone calls if they are in the mood. My current and 4th, chats a minute but makes an excuse to get off the phone as soon as you want to talk business. He also rarely, if ever, calls back as agreed. Agreed to call on certain day and late by over a week now, no call at all. My email box is full of messages constantly sent out although I have asked for filtering. About 80% of these emails don’t apply to me.
    The worst i’s the lack of growth and performance. In addition the fees are so high they have exceeded profits.
    Don’t believe the slick marketing of fake 5 star reviews that say little and give no detail. . Don’t believe them.
    Have been promised detailed information that never comes or presented data other than as requested to cover their short falls. Especially out of San Francisco call center.
    Most dishonest, manipulative, sharks, and rude reps I have ever worked with.

  20. They lost over 100,000 for us in 6 weeks,, !! Total SCAM,, they win when you win because they charge 1% to manage the money! Duuu

    At the height of the crash end of 1999-2002 I put what was left of our savings with Fisher Investments. They indicated they were out of the market and would protect our account. In Mid May of 2000 or 2001 now i cannot remember, he went ALL IN 8 billion back in the market in 1 day, as his ‘indicators’ told him we had reached the bottom. F—— brilliant! It had just started to go down,, the market crashed after that and we lost over another $100,000 with him in 6 weeks. When I called them and challenged them on their Pursima fund. One of his brokers assigned to me agreed with my assessment that just being in the SnP 500 would have performed better than Fisher! Numbers don’t lie. He consistently underperforms the market and is only after your cash. He is a huckster. Don’t fall for it. Paul

  21. Recovery of money from Stox market

    I was able to recover my investments from fisher investments with the help of Myprincipal chargeback.

  22. Fisher Investments do not act as fiduciaries as they represent

    Fisher Investments represents that they act as Fiduciaries on television.
    However, they did not set up a margin account with UBS as agreed so that I could manage some of my own funds, and instead they set me up to use my own account as a loan to borrow from, which had none of the warnings that a margin account has. I was with them for several years and they abruptly terminated the relationship when this was brought to their attention. I guess that they wanted to avoid liability. But that is hardly consistent with abiding by a Fiduciary responsibility as Ken Fisher says on his ads.

  23. Agreed

    Fisher Investment is only great at marketing themselves

  24. Stay clear of this company. They spend more time and effort in marketing than in performing. All they are interested in is the 1.5%. You have been warned.

  25. I just had a meeting with them.They told me they use no mutual funds because of internal expense ratios. They only have 65 equities in an account at any one time…..was I misled? they claim average of 9% gain over past 10 years and last year over 28%? Would appreciate input

    1. If it's too good to be true then...........

      Got phase two of their promotion and was stunned to hear you say 65 stocks no mutual funds and 9% return are the same numbers thrown at me. Want to see what BBB has to say and their own mutual fund? Thanks but no thanks.

    2. Fees are actually 2.9%

      Your fee for 500,000 is 1.5%. Not the 1.25% they advertise. You need over 700k for the 1.25% fee, and the 700k needs to be all in ONE account. If you and your spouse each have 700k in two accounts? That will be 1.5%…

      They then put 15%-20% of your portfolio into ETNs in addition to the stock. The ETNs have fees of .6% and internal expenses of .8%. That’s another 1.4% on top of your 1.5%.

      Congrats, they are actually charging you 2.9% without you even knowing it, and clients wonder why their portfolios perform so poorly in a flat or near-flat market, and drag when the market rips.

      On top of it, you are given a “personal and dedicated investment counselor” who is responsible for 180-200 clients. They aren’t advisors, and they’re Ken’s mouthpiece who stick to a script. That doesn’t sound too “personal,” does it?