Ken Fisher founded the firm in 1979 and it now manages hundreds of billions for private clients and institutions, which puts it among the largest independent money managers in the US. The Private Client Group generally asks for $500,000 and charges around 1.25% a year on the first million, with lower rates above that and no commissions on trades. Each client gets an investment counselor, while allocation decisions sit with a central investment committee.
Retirees who want an active manager with a clear house view, plus a steady stream of market commentary, seminars and printed guides, often stay for years. Those who prefer index funds and a quiet mailbox should pass: marketing is relentless, the phone rings soon after a single form is filled in, and portfolios lean heavily on stocks, which stings in a falling market.
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