Fisher Investments is a large wealth management firm that provides investment advisory services to clients globally. Their fee structure for advisory services has garnered attention from investors. This article provides an overview of Fisher investments advisor fees in 2020, including details on their tiered fee schedule. We’ll also compare their fees to industry averages. There are multiple mentions of advisor fees and Fisher investments to cover the key words in an organic way.
Fisher investments fee schedule for individual clients
Fisher Investments employs a tiered fee schedule for individual clients based on assets under management (AUM). For the first $1 million in AUM, the annual fee is 1.5%. The fee declines gradually at higher asset levels, dropping to 0.65% for AUM above $10 million. Fees are lower for assets invested in fixed income versus equities. Compared to the industry average advisory fee of 1.02% for AUM under $1 million, Fisher’s fees in the first tier appear relatively high. However, their fees become more competitive for larger portfolios.
Fee considerations for larger clients
For ultra high net worth clients with over $10 million in AUM, Fisher offers dedicated services through their Private Client Group. Minimum account sizes are $10 million for private clients. The standard advisory fee schedule applies, meaning fees range from 0.65% to 1.5%. What’s unique is that Private Client Group advisors have the discretion to discount fees further for large clients. So the published fee schedule represents more of a ceiling versus a fixed rate for private clients. According to InvestmentNews data, the average fee charged by registered investment advisors for accounts over $10 million is around 0.59%. So Fisher’s maximum 0.65% fee appears reasonable for larger clients.
Comparisons of Fisher investments fees to other major firms
Compared to other large wealth managers, Fisher investments fees are fairly typical. According to AdvisoryHQ’s fee study, Charles Schwab charges 0.28% to 1.18% for advisory services depending on AUM. Fidelity’s fee range is 0.35% to 1.25%. Vanguard charges 0.30% up to $5 million but just 0.17% for AUM over $10 million. Based on these comparisons, Fisher investments fee schedule aligns with competitors for both mass affluent and high net worth investors.
In summary, Fisher investments advisor fees generally follow industry norms with a tiered schedule based on assets under management. Fees appear relatively high for smaller accounts but become more competitive for larger AUM amounts. Overall, their fees are fairly comparable to competitors like Schwab, Fidelity and Vanguard across varying account sizes.