#USA #Plano #ADIA #Fisher Investments #Advent International

Fisher Investments Strengthens Its Future Through Strategic Partnership

Fisher Investments (FI), an independent investment adviser, recently announced a significant move by collaborating with Advent International and the Abu Dhabi Investment Authority (ADIA). This partnership, finalized on January 7, 2025, involved a $3 billion minority investment, which values Fisher Investments at an impressive $12.75 billion. This strategic decision is pivotal not only for the company's growth but also for ensuring its long-term independence and commitment to exceptional client service.

Ken Fisher, the founder and Executive Chairman of Fisher Investments, emphasized the importance of this investment in his long-term estate planning. Despite Fisher's continued good health, he acknowledged that this partnership serves to secure the company’s operations and culture for years to come. With a commitment to maintaining FI’s unique approach to investment management, Fisher retains the majority of beneficial ownership and more than 70% of voting shares. The company’s CEO, Damian Ornani, emphasized the significance of Advent's and ADIA's partnership in helping FI expand its reach to new clients globally.

This investment is particularly notable as it marks Fisher Investments' first external investment since its inception in 1979, a time when the company was solely owned by Ken Fisher, his family, and employees. Currently, Fisher Investments manages nearly $300 billion for over 170,000 clients, including a substantial number of private clients and some of the largest institutional clients worldwide. The influx of capital from Advent and ADIA intends to help propel the firm's mission of providing independent and personalized financial expertise to a growing clientele.

As part of this strategic move, Advent's Managing Partner David Mussafer has joined Fisher Investments' board of directors, while Gabriela Weiss, a Principal at Advent, has taken a role as a board observer. This inclusion reflects a commitment to working closely with the FI team and sharing operational insights for further value creation. The partnership is founded upon a shared vision where both parties see immense potential to draw on their respective strengths; Advent’s vast experience in enhancing financial services companies complements Fisher's reputation for personalized client service.

Mussafer expressed excitement about the partnership, recognizing the opportunity ahead given the increasing demand for FI’s renowned financial services. He noted, “We look forward to closely collaborating with Ken, Damian, and the rest of the FI team to support the company’s continued growth.” This synergy aims to enable Fisher Investments to capitalize on new opportunities while ensuring continuity in the company’s high service standards.

Fisher Investments' legacy is well-established, with Ken Fisher having contributed to the field of investment management through his popular columns and best-selling books, which have made a significant impact on financial literacy. His ongoing presence on television and in various media outlets solidifies his position as an influential voice in the industry.

As it stands, Fisher Investments stands on the threshold of a new chapter through this partnership. With Advent and ADIA's backing, FI is set to not only maintain its unique philosophy but also to expand its institutional knowledge and operational management. The strategic alliance will help Fisher Investments soar to new heights, bolstered by the values that have defined the firm since its founding.

In conclusion, the collaboration between Fisher Investments, Advent International, and ADIA represents a strategic and visionary partnership that aims to ensure the company's legacy and operational excellence for years to come. With a commitment to preserving its core values while innovating and expanding globally, Fisher Investments is poised for future successes in the investment world.