Fisher Investments is a financial services firm founded by Ken Fisher in 1979. The company offers a variety of services, including portfolio management, research, and advice. One of the main ways they make money is by charging fees for their services. This article will explain how Fisher Investments fees work and why they are important to understand.
Types of Fees
Fisher Investments typically charges two types of fees for their services: advisory fees and transactional fees. Advisory fees are a percentage of assets under management (AUM) and are paid monthly, quarterly, or annually. These fees are charged for the advice and research provided by Fisher Investments and can range from 0.45% to 1.50% depending on the type of account and the amount of assets under management. Transactional fees, on the other hand, are charged for each transaction made in the portfolio and can include brokerage commissions, margin interest, and other expenses associated with buying and selling securities. These fees can vary depending on the type of security being traded and the size of the transaction.
Advisory Fees
Advisory fees are the most common type of fee charged by Fisher Investments. These fees are based on the amount of assets under management, so the higher the amount of assets, the higher the fee. Advisory fees are usually charged on a quarterly or annual basis, but they can also be charged on a monthly or even a daily basis. Advisory fees are generally in the range of 0.45% to 1.50% of the assets under management, depending on the type of account and the amount of assets under management.
Minimum Fee
Fisher Investments also has a minimum fee for their services. This is the minimum amount that a client must pay for their services, regardless of the amount of assets under management. The minimum fee is usually between $500 and $2,500, depending on the type of account and the services provided. This minimum fee should be taken into account when deciding whether or not to use Fisher Investments for portfolio management.
Transactional Fees
In addition to advisory fees, Fisher Investments also charges transactional fees for each transaction made in the portfolio. These fees can include brokerage commissions, margin interest, and other expenses associated with buying and selling securities. These fees can vary depending on the type of security being traded and the size of the transaction. For example, a large stock purchase may incur a higher fee than a small purchase of a mutual fund.
Discounts
Fisher Investments may offer discounts on their fees. These discounts can be based on the amount of assets under management, the type of services provided, or other factors. It is important to ask about any discounts that may be available before signing up for services. This can help to reduce the overall cost of the services.
Fee Structure
Fisher Investments has a structured fee system for their services. This means that the fees charged for each service are based on the type of service and the amount of assets under management. For example, a portfolio management service may have a higher fee than a research service. It is important to understand the fee structure before signing up for services so that you know what to expect.
Additional Fees
In addition to the fees mentioned above, Fisher Investments may also charge additional fees. These fees can include fees for account transfers, account maintenance, and other services. It is important to ask about any additional fees before signing up for services so that you know exactly what you will be paying for.
Conclusion
Understanding Fisher Investments fees is an important part of deciding whether or not to use their services. Fisher Investments typically charges advisory fees and transactional fees for their services. Advisory fees are based on the amount of assets under management, while transactional fees are based on the type of security being traded and the size of the transaction. Fisher Investments may offer discounts on their fees, and it is important to ask about any discounts before signing up for services. In addition, it is important to understand the fee structure so that you know what to expect.