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Advent International Acquires Minority Stake in Fisher Investments

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Fisher Investments sells minority stake to private-equity investor Advent International.

description: an anonymous image of a bustling financial district with skyscrapers and people in suits walking hurriedly, symbolizing the fast-paced world of investment and finance.

"Higher for longer” interest rates were supposed to be stocks' albatross. But since October 2022, rates (short and long) have climbed with a steady pace. This has not deterred investors as they continue to pour money into equities, including firms like Fisher Investments.

PRNewswire/ -- Fisher Investments ('FI') announced today that Advent International ('Advent') and a wholly owned subsidiary of the Abu Dhabi government have agreed to acquire a minority stake in the company. This move is seen as a strategic investment to help Fisher Investments expand its global footprint and service offerings.

Advent International struck a deal to acquire a minority stake in money-management firm Fisher Investments. This partnership is expected to bring new opportunities for growth and innovation in the financial services industry.

Fisher Investments has announced that two new investors will be taking a minority stake in the firm. Ken Fisher started his eponymous company with a focus on providing personalized investment solutions to clients worldwide.

Private-equity investor Advent International will take a minority stake in money manager Fisher Investments, the companies announced Sunday. This deal underscores the growing interest in the asset management sector and the potential for further consolidation in the industry.

The new company, Fisher Retirement Solutions, will be run by Ken Fisher's son, Nathan Fisher. This expansion into retirement planning services reflects Fisher Investments' commitment to addressing the evolving needs of its clients.

Following a strong 2023 for global equities, markets have largely continued their path higher in 2024. As equities have risen, investment firms like Fisher Investments have seen increased demand for their services and expertise.

Jerry Eberhardt oversaw Citi's wirehouse for the Western U.S. and now he's eager to help advisors looking to transition from the big branded firms to independent practices. This shift in the financial advisory landscape could benefit firms like Fisher Investments as they cater to a new wave of independent advisors.

Fisher Investments — the giant investment fund headed by billionaire Ken Fisher — has sold a minority stake in the firm that values it at a significant amount. This transaction highlights the attractiveness of Fisher Investments as an investment opportunity for institutional investors.

fisher investmentsadvent internationalminority stakeinvestmentfinancial servicesexpansiongrowthretirement solutionsasset managementinstitutional investors
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