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Fisher Investments: investment adviser
Fisher Asset Management, LLC, doing business as Fisher Investments, is an investment adviser registered with the SEC (file 801-29362, CRD 107342). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $386.7B
- Discretionary
- 100%
- Accounts
- 422,516
- Employees
- 4,369
- In advisory roles
- 1,948
- Disclosures
- 0
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Individuals | 73,217 | $48.3B | 12.5% |
| High net worth individuals | 125,844 | $283.0B | 73.2% |
| Registered funds | 3 | $249.5M | 0.1% |
| Private funds and other pooled vehicles | 46 | $7.4B | 1.9% |
| Pension and profit-sharing plans | 73 | $6.5B | 1.7% |
| Charities | 25 | $4.1B | 1.1% |
| State and local governments | 20 | $23.7B | 6.1% |
| Other advisers | 11 | $5.2B | 1.4% |
| Insurance companies | 4 | $891.4M | 0.2% |
| Sovereign wealth funds | 3 | $5.8B | 1.5% |
| Corporations | 672 | $1.3B | 0.3% |
| Other: Proprietary accounts | 4 | $79.3M | 0.0% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
- Other: PORTFOLIO ASSESSMENT
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Fisher Investments, Inc. | Company (U.S.) | Member | D 50% to 75% | Apr 2005 | Yes | |
| Fiji Bidco, Inc. | Company (U.S.) | Member | B 10% to 25% | Jan 2025 | ||
| Damian David Ornani | Person | Chief executive officer, board of managers | B 10% to 25% | Jul 2016 | Yes | |
| Black Hook C 2024 LLC | Company (U.S.) | Member | A 5% to 10% | Jan 2025 |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| 24FBFS GP, S.A.R.L. | 24FBFS SCSP | Company (outside the U.S.) | F General partner, trustee or managing member | Yes | |
| Fiji Aggregator GP, LLC | Fiji Aggregator, | Company (U.S.) | F General partner, trustee or managing member | Yes | |
| Abu Dhabi Investment Authority | Platinum | Company (outside the U.S.) | E 75% or more | Yes | |
| Advent International Gpe X | Fiji Aggregator, | Company (outside the U.S.) | E 75% or more | Yes | |
| Kenneth Lawrence Fisher | Fisher | Person | E 75% or more | Yes | |
| Platinum Falcon B 2018 RSC | Black Hook C | Company (outside the U.S.) | E 75% or more | Yes | |
| Platinum International | Platinum Falcon | Company (outside the U.S.) | E 75% or more | Yes | |
| 24FBFS SCSP | Fiji Bidco, Inc. | Company (outside the U.S.) | D 50% to 75% | Yes | |
| Fiji Aggregator, LP | Fiji Bidco, Inc. | Company (U.S.) | C 25% to 50% | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
No brochure text was read for this firm.
Other brochures on file
- Canada Private Client, Oct 7, 2026
- United Kingdom Private Client, Feb 11, 2026
- Institutional, Feb 11, 2026
- Private Client, Feb 11, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.