How Many Clients Does Fisher Investments Have? A Deep Dive into Their Impressive Client Base

The Growing Client Portfolio of a Financial Giant

When looking at investment firms, one thing that really stands out is their client count. It tells us a lot about how trusted they are in the market So if you’ve been wondering how many clients Fisher Investments has, you’re not alone – I’ve been curious about this too!

Fisher Investments has grown significantly since Ken Fisher founded it back in 1979. Today, the company serves over 190,000 clients globally with more than $362 billion in assets under management (as of September 30, 2025). That’s a pretty impressive achievement for a company that’s been around for more than 45 years!

But how did they get so many clients? And what makes this many people trust them with their money? Let’s dig deeper,

Fisher Investments: The Company Background

Before we talk more about their client base, lemme give you some background on the company:

• Founded in 1979 by Ken Fisher
• Headquartered in Plano, Texas (moved from Washington in 2023)
• Currently has 29 offices (as of 2023)
• Employs over 6,000 people (2025 figures)
• Has international offices in eight countries
• Serves clients across the United States, Canada, Europe, Middle East, Asia, and Australasia

Fisher Investments has three main business units:

1. Fisher Investments Institutional Group
2. Fisher Investments Private Client Group
3. Fisher Investments Private Client Group International

In June 2024, they also announced that their 401(k) Solutions business for small to mid-sized retirement plans would be spun off into an independent company called Fisher Retirement Solutions.

The Evolution of Their Client Base

When Ken Fisher started the company in 1979, he began with a fundamental belief in capitalism and free capital markets. The firm has grown steadily over decades, continually expanding its reach.

Some key milestones in their growth include:

• 1999: Incorporated Fisher Investments Europe Limited in London
• Expanded US operations with offices in Vancouver, Washington; Plano, Texas; and Tampa, Florida
• Entered into a joint venture in Germany (now a wholly owned subsidiary)
• 2011: Opened a new headquarters on the 120-acre Fisher Creek campus in Camas, Washington
• 2023: Announced intention to move headquarters to Texas
• June 2024: Announced that Advent International and ADIA had acquired a minority interest in the firm

This consistent growth has allowed them to serve more and more clients over time. While we don’t have year-by-year client growth stats, it’s clear that reaching 190,000+ clients represents significant and sustained growth over their 45+ year history.

Who Are These 190,000+ Clients?

Fisher Investments serves two main types of clients:

1. Private Clients

These are individuals who work with Fisher Investments for personal wealth management. The company helps these clients with:

• Retirement planning
• Growing wealth
• Preserving wealth
• Estate management

Their private client services include portfolio management, financial planning services, and annuity evaluation.

2. Institutional Clients

Fisher also serves various institutional clients around the world, including:

• Pension funds
• Governments
• Foundations
• Endowments
• Retirement plan advisers
• Financial institutions
• Corporate and public plan sponsors
• Sovereign wealth funds

For these institutional clients, they offer strategies like global equity, US equity, global ex-US equity, emerging market equity, fixed income, long/short, and quant strategies.

How Does Fisher Investments Compare to Other Financial Firms?

While we can see that Fisher Investments has a massive client base of over 190,000, it’s worth comparing this to the broader industry context.

Many of the largest investment firms have millions of clients. However, these often include basic brokerage accounts. Fisher Investments focuses on discretionary asset management, which typically involves higher account minimums and more personalized service.

With over $362 billion in assets under management, Fisher ranks among the larger independent investment advisors globally. The combination of 190,000+ clients and $362 billion in AUM suggests an average account size of roughly $1.9 million per client (though actual account sizes surely vary widely).

Why Do So Many People Choose Fisher Investments?

I think there are several reasons why Fisher Investments has been able to attract so many clients:

1. Long-standing reputation

Being in business for over 45 years gives clients confidence in the firm’s stability and expertise.

2. Client-centric approach

According to their materials, since inception, their goal has been to help clients achieve their investment goals by putting their interests first. They emphasize their “unwavering client focus.”

3. Educational resources

Fisher provides extensive market insights and educational resources through various formats:

• Daily market commentary
• Weekly wrap-ups
• Videos
• Podcasts
• Articles

4. Global presence

With offices in multiple countries and the ability to serve clients across North America, Europe, the Middle East, Asia, and Australasia, they can reach a broad audience.

5. Investment approach

They use a top-down investment process and offer tailored portfolios for clients, which may appeal to those looking for personalized investment strategies.

What This Client Base Means for Investors

The fact that Fisher Investments manages money for 190,000+ clients has some implications for potential investors:

Pros:

• Stability: A large client base typically suggests financial stability for the firm
• Experience: Managing money for so many clients likely means they’ve encountered virtually every type of market scenario and client situation
• Resources: More clients = more revenue = more resources for research, technology, and client service
• Economies of scale: The large size may allow them to negotiate better rates with service providers

Potential Cons:

• Personal attention: With so many clients, can they really provide truly personalized service to everyone?
• Flexibility: Large firms sometimes have more rigid processes than smaller boutique firms
• Innovation: Sometimes larger firms can be slower to innovate than smaller, nimbler competitors

Recent Developments That Could Impact Client Numbers

In June 2024, Fisher Investments announced that Advent International and ADIA had acquired a minority interest in the firm for $2.5-$3 billion. The deal valued the firm at $13 billion, with Ken Fisher maintaining about a 70% ownership stake.

This deal could potentially provide resources for further expansion and client acquisition. It’s also worth noting that in June 2024, the firm announced its 401(k) Solutions business would be spun off into Fisher Retirement Solutions. This move might affect how client numbers are reported in the future.

The Leadership Behind the Growth

The impressive client growth at Fisher Investments has occurred under the leadership of:

• Ken Fisher – Founder, who served as CEO until July 2016 and now remains active as executive chairman and co-chief investment officer
• Damian Ornani – Current CEO, who succeeded Ken Fisher in 2016
• Steven Triplett – COO

Ken Fisher is well-known as an innovator in investment theory and author of numerous books and academic studies. His reputation has likely helped attract many clients to the firm over the years.

Final Thoughts: What 190,000+ Clients Says About Fisher Investments

Having over 190,000 clients globally with more than $362 billion in assets under management is definitely impressive. It suggests that Fisher Investments has built a business model and investment approach that resonates with a large number of investors.

But numbers aren’t everything. What’s more important is whether the firm can continue to serve these clients well and help them achieve their financial goals. Their 45+ year history suggests they’ve been doing something right.

If you’re considering becoming one of those 190,000+ clients, you should do your own research to determine if their investment philosophy, approach, and service model align with your personal financial goals and preferences. And remember that past performance is never a guarantee of future returns!

What do you think about Fisher Investments’ client base? Have you had any experience with them? I’d love to hear your thoughts in the comments below!