Fisher Investments is a large investment management firm catering to individuals and institutions. As with any investment firm, Fisher Investments charges various fees for its services. Understanding these fees is important for investors to evaluate the value proposition. This article will provide an overview of the typical fees charged by Fisher Investments.
Account fees charged by Fisher Investments
Fisher Investments charges an account fee based on the size of assets under management. For smaller accounts under $500k, the fee is around 1.5% per year. For larger accounts above $10 million, the fee goes down to 0.65%. There is a sliding scale for accounts in between.
Transaction fees for trades
In addition to account fees based on assets under management, Fisher Investments charges transaction fees whenever buys or sells are made in the portfolio. These fees are to compensate the firm for the trading costs. The exact transaction fees depend on the types of assets traded.
Custodian and administrative fees
Fisher Investments portfolios are held at a third-party custodian bank. The custodian charges additional fees for holding the assets and processing transactions, which are passed onto the investor.
In summary, Fisher Investments fees consist primarily of asset-based account fees and transaction fees. Larger accounts generally pay lower proportional fees. Understanding the full fee structure is important for investors to grasp the net investment results.