Fisher Investments Secures Strategic Partners for Minority Investment

In this 5-minute video, Fisher Investments Securities Research Analyst Hisham Dewan discusses global artificial intelligence (AI) spending and its impact on the investment landscape. Fisher Investments, a prominent money manager, has recently made headlines by selecting Advent International and Abu Dhabi Investment Authority (ADIA) as strategic partners in a minority common stock investment deal. This move marks a significant shift for Fisher Investments, which has historically been solely owned by founder Ken Fisher.

Ken Fisher will be selling his personal holdings in Fisher Investments to Advent and ADIA as part of this groundbreaking agreement. This marks the first time outside investors will have a stake in Fisher Investments, a move that values the company near $13 billion. The investment from Advent and ADIA is expected to be at least $2.5 billion and could potentially reach up to $3 billion.

The decision to bring on strategic partners comes as Fisher Investments announces the spin-off of its 401(k) division to form Fisher Retirement Solutions, a move aimed at providing more specialized services to clients. Private-equity investor Advent International will now hold a minority stake in Fisher Investments, a move that highlights the company's commitment to growth and innovation.

With this new partnership, Fisher Investments is poised to expand its reach and offer a wider range of services to clients. The investment from Advent and ADIA will provide the firm with additional resources to further develop its investment strategies and enhance its offerings. This move comes at a time when the financial advice community is facing new challenges and opportunities, making Fisher Investments' strategic partnership a timely and impactful decision.

As Fisher Investments continues to evolve and adapt to the changing investment landscape, the company remains committed to providing clients with innovative solutions and exceptional service. The partnership with Advent International and ADIA represents a significant milestone for Fisher Investments and sets the stage for future growth and success.