DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Fisher Investments

Independent wealth managerPlano, TexasCRD 107342SEC 801-29362websiteIAPD
Legal name Fisher Asset Management, LLC
Latest filing Apr 2, 2026
First filing on the tape Mar 23, 2012 · 70 filings
SEC status approved since Mar 26, 1987
RAUM
$387B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
86%
$331B individuals and HNW
Advisors
2,933
registered through the firm on IAPD
RAUM per advisor
$132M
derived; firm RAUM over IAPD count
Employees
4,369
1,948 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
4
reported on Schedule D
History
70 filings and snapshots on the tape
RAUM$387B as of Apr 2, 2026
Mar 23, 2012$39B then
HNW client RAUM$283B as of Apr 2, 2026
Mar 5, 2018$43B then
State-registered IARs (5.B.3)2,520 as of Apr 2, 2026
Mar 1, 2013518 then
Employees (5.A)4,369 as of Apr 2, 2026
Mar 1, 2013853 then
Private funds4 as of Apr 2, 2026
Mar 23, 20122 then
RAUM +29% over the last fiscal year+31% a year over threeIARs 2,471 to 2,520offices 13 to 11
Practice profile
derived from the filing of Apr 2, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Multi-office growth platform · an independent wealth manager (not a wirehouse, national broker-dealer RIA or broker-dealer affiliated firm) with at least five offices, at least 50 advisors, and RAUM up at least 20 percent over the last annual amendment
  • RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
RAUM per advisor
$131MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
67derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$915,160derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
246.3derived12 offices incl. principal (1.F.5)
RAUM growth, one year
+29%derivedbetween the last two annual amendments
Advisor growth, one year
+2.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+15%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
Financial planning clients
29,000reportedItem 5.H
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$283B73%
  • Individuals$48B12%
  • State and municipal entities$24B6.1%
  • Pooled investment vehicles$7.4B1.9%
  • Pension and profit-sharing plans$6.5B1.7%
  • Sovereign wealth funds$5.8B1.5%
  • Other investment advisers$5.2B1.4%
  • Charitable organizations$4.1B1.1%
  • Corporations and businesses$1.3B0.3%
  • Insurance companies$891M0.2%
  • Investment companies$250M0.1%
Individual clients
73,217reported
HNW clients
125,844reported
Pension plan clients
73reported
Charitable clients
25reported
Accounts
422,516reported
Financial planning clients
29,000reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.86 fund_share=0.03 institutional_share=0.11 related_bd=false related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
2,971 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Judith Lynne AbramsWalnut Creek, Ca Jun 2, 200031 y0
Jay Joseph CarlsonPlano, Tx Jun 15, 200032 y0
Mark Daniel MoriartyReno, Nv Feb 16, 200135 y0
Joel D PrelogLas Vegas, Nv Aug 22, 200127 y0
Robert Lawrence CollierLauna Niguel, Ca Feb 7, 200231 y0
Michael Dean HosmarPlano, Tx May 3, 200239 y0
Sean Michael CallinanPlano, Tx Jun 18, 200234 y0
Scott Francis O'BrienLaguna Niguel, Ca Jul 15, 200242 y1
Wickliffe Stewart HollingsheadPlano, Tx May 6, 200334 y1
Kym Joy ZilkPlano, Tx Jan 14, 200426 y0
Ian EpsteinDanville, Ca Jan 30, 200422 y0
Cary Scott FlieglerPlano, Tx May 11, 200432 y0
Michael Eugene FergusonPlano, Tx Jul 12, 200428 y1
Darrin CianciPlano, Tx Jul 29, 200424 y0
Brad Williams PylesCastro Valley, Ca Sep 3, 200425 y0
Michael Christian PetersenPlano, Tx Sep 16, 200424 y0
Gallen HoWoodside, Ca Sep 24, 200424 y1
Tommy A. RomeroWoodside, CaSep 30, 200426 y0
Colin Jeffrey FunkPlano, Tx Nov 4, 200426 y1
Daniel Michael RodkewichSan Mateo, Ca Jan 10, 200525 y1
Brian Philip KeppChartered Financial AnalystPlano, Tx Mar 7, 200521 y0
Warren Woohyun ChoPlano, Tx Mar 30, 200524 y0
Matthew Bennett SymonsPlano, Tx Apr 1, 200522 y0
James Stephen SmolinskiWoodside, Ca Apr 13, 200528 y0
Ryan Eaton WhytePlano, Tx Apr 20, 200522 y0
Nicole Kristen Johnson-FitzgeraldCharlestown, Ri May 2, 200526 y0
Kent Christopher EllisPlano, Tx May 3, 200523 y0
Mark Simon GirardPlano, Tx May 10, 200521 y0
Carla Marie JenkinsPlano, TxMay 31, 200535 y0
Lars Fredrik StrameWoodside, Ca Jun 10, 200532 y1
Aaron Scott AndersonWoodside, Ca Jun 24, 200528 y0
Nathan Michael HaliskyWoodside, Ca Aug 10, 200527 y1
Scott Curtis MeierPlano, Tx Sep 15, 200524 y0
Owen Jarret MuehlfeldPlano, Tx Oct 11, 200528 y1
Joshua Gary EinhornSan Mateo, Ca Dec 1, 200523 y0
Nathaniel Alan BeemanSan Mateo, Ca Jun 26, 200625 y0
Scott Patrick LindquistSan Mateo, Ca Jul 5, 200633 y0
Daniel Lee SpeerCertified Financial Planner, Chartered Financial ConsultantPlano, Tx Jul 31, 200628 y0
Arin Shaun IavicoliCamas, Wa Feb 16, 200728 y0
John Alvin AndersonPlano, Tx Feb 16, 200723 y2
All 2,971 advisors at Fisher Investments
Advisor movement
131 left, 217 joined in 12 months
net +86 in 12 months28 left in 90 days54 joined in 90 daysdeparture rate 4.5% of current headcount357 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
10 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Fisher Investments Institutional Group Emerging Markets Equity FundOther Private Fund$237M3Mar 23, 2012
Fisher Investments Institutional Group Small Cap Value Fundno longer reportedOther Private Fund$69.2M3Jan 14, 2015
Fisher Investments Institutional Group Foreign Equity FundOther Private Fund$63.3M2Mar 23, 2012
Fisher Investments Institutional Group Global Small Cap Fundno longer reportedOther Private Fund$11.0M2Mar 1, 2013
Fisher Investments Institutional Group Emerging Markets Equity Esg Fundno longer reportedOther Private Fund$3.7M2Mar 26, 2019
Fisher Investments Institutional Group All Foreign Small Cap Equity Quant FundOther Private Fund$1.1M1Apr 11, 2022
Fisher Investments Institutional Group All Foreign Small Cap Equity Quant Fundno longer reportedOther Private Fund$928,2682Mar 20, 2018
Fisher Investments Institutional Group Frontier Markets Equity Fundno longer reportedOther Private Fund$364,0401Sep 11, 2015
Fisher Investments Institutional Group African Equity Fundno longer reportedOther Private Fund$158,6481Mar 26, 2021
Fisher Investments Institutional Group All Foreign Equity FundOther Private Fund$14,7891Sep 11, 2015
Owners and control persons
Schedule A and B, latest filing
  • Lawrence Kenneth Fisher · Executive Chairman, Chairman Board Of Managers, Co-Chief Investment Officer, Investment Policy Committeecontrol
    since 05/1979 · owns less than 5%
  • C Nathan Fisher · Board Of Managerscontrol
    since 06/2013 · owns less than 5%
  • Marks David Mussafer · Board Of Managerscontrol
    since 01/2025 · owns less than 5%
  • David Damian Ornani · Chief Executive Officer, Board Of Managerscontrol
    since 07/2016 · owns 10% to 25%
  • Lawrence Kenneth Fisher · Co-Trusteecontrol
    since 12/1986 · owns 75% or more of Fisher Investments, Inc.
  • Sherrilyn Fisher · Co-Trusteecontrol
    since 12/1986 · owns 75% or more of Fisher Investments, Inc.
  • Chapman Thomas Fishel · Chief Compliance Officer
    since 01/2005 · owns less than 5%
  • Lee Jeffery Silk · Vice Chairman, Co-Chief Investment Officer, Investment Policy Committee
    since 12/1988 · owns less than 5%
Entity owners
  • Fisher Investments, Inc. · Member
    direct · owns 50% to 75%
  • Kenneth L. Fisher And Sherrilyn A. Fisher Family Trust Agreement · Shareholder
    indirect · owns 75% or more of Fisher Investments, Inc.
  • Black Hook C 2024 LLC · Member
    direct · owns 5% to 10%
  • Fiji Bidco, Inc. · Member
    direct · owns 10% to 25%
Related persons
Schedule D 7.A
  • Fisher Investments Australasia Pty Ltd
    investment advisery
  • Fisher Investments Europe Limited
    investment advisery
  • Fisher Investments Ireland Limited
    investment advisery
  • Fisher Investments Japan Limited
    investment advisery
  • Fisher Investments Luxembourg, Sarl
    investment advisery
  • Gruener Fisher Investments Gmbh
    investment advisery
Advisers that list Fisher Investments as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Plano, Tx · principal2,946677966
Camas, Wa85513816
Tampa, Fl7052588
San Mateo, Ca7000
Woodside, Ca3010
Dallas, Tx1500
Austin, Tx1000
Vancouver, Wa700
New York, Ny500
Charlotte, Nc520
Nashville, Tn410
Arlington, Va400
Houston, Tx300
Frisco, Tx300
Atlanta, Ga300
Washougal, Wa300
Brooklyn, Ny300
Portland, Or300
Colleyville, Tx200
Birmingham, Mi200
Offices
Schedule D 1.F, the 25 largest
  • Camas, WA478 employees
  • Tampa, FL225 employees
  • San Mateo, CA57 employees
  • Woodside, CA20 employees
  • Greenwood Village, CO7 employees
  • Atlanta, GA5 employees
  • Phoenix, AZ4 employees
  • Bellevue, WA3 employees
  • Houston, TX3 employees
  • Irvine, CA2 employees
  • New York, NY2 employees
  • Vienna, VA2 employees
  • Northbrook, IL1 employees
  • Oakbrook Terrace, IL1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Apr 2, 2026
    MUSSAFER, DAVID, MARKS (BOARD OF MANAGERS) appeared on Schedule A between the filings of 2020-03-23 and 2026-04-02
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Apr 2, 2026
    FISHER, KENNETH, LAWRENCE (EXECUTIVE CHAIRMAN, CHAIRMAN BOARD OF MANAGERS, CO-CHIEF INVESTMENT OFFICER, INVESTMENT POLICY COMMITTEE) left Schedule A between the filings of 2020-03-23 and 2026-04-02
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Apr 2, 2026
    FISHER, SHERRILYN (CO-TRUSTEE) left Schedule A between the filings of 2020-03-23 and 2026-04-02
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Apr 2, 2026
    ORNANI, DAMIAN, DAVID (CHIEF EXECUTIVE OFFICER, BOARD OF MANAGERS) left Schedule A between the filings of 2020-03-23 and 2026-04-02
    peers: independent wealth managers, $20B and over (84)
  • control person changedChange between filings · filing Apr 2, 2026
    FISHER, NATHAN, C (BOARD OF MANAGERS) left Schedule A between the filings of 2020-03-23 and 2026-04-02
    peers: independent wealth managers, $20B and over (84)
What changed
consecutive filings, newest first
  • Accounts · 360,116 to 422,516
    Sep 10, 2025 to Feb 11, 2026
  • Advisory employees · 1,869 to 1,948
    Sep 10, 2025 to Feb 11, 2026
  • Charity clients · 58 to 25
    Sep 10, 2025 to Feb 11, 2026
  • Corporate clients · 573 to 672
    Sep 10, 2025 to Feb 11, 2026
  • HNW clients · 99,823 to 125,844
    Sep 10, 2025 to Feb 11, 2026
  • Individual clients · 73,976 to 73,217
    Sep 10, 2025 to Feb 11, 2026
  • Pension plan clients · 22 to 73
    Sep 10, 2025 to Feb 11, 2026
  • Pooled vehicle clients · 45 to 46
    Sep 10, 2025 to Feb 11, 2026
  • Employees · 4,065 to 4,369
    Sep 10, 2025 to Feb 11, 2026
  • State-registered IARs · 2,471 to 2,520
    Sep 10, 2025 to Feb 11, 2026
  • Other offices · 13 to 11
    Sep 10, 2025 to Feb 11, 2026
  • Discretionary RAUM · $299B to $387B
    Sep 10, 2025 to Feb 11, 2026
  • HNW RAUM · $208B to $283B
    Sep 10, 2025 to Feb 11, 2026
  • Individual RAUM · $47B to $48B
    Sep 10, 2025 to Feb 11, 2026
  • Pension RAUM · $4.5B to $6.5B
    Sep 10, 2025 to Feb 11, 2026
  • Pooled vehicle RAUM · $6.2B to $7.4B
    Sep 10, 2025 to Feb 11, 2026
  • RAUM · $299B to $387B
    Sep 10, 2025 to Feb 11, 2026
  • Financial planning clients · More than 500 to More than 500
    Feb 5, 2025 to Mar 27, 2025
  • Accounts · 161,361 to 360,116
    Jul 29, 2024 to Feb 5, 2025
  • Advisory employees · 1,613 to 1,869
    Jul 29, 2024 to Feb 5, 2025
  • Charity clients · 49 to 58
    Jul 29, 2024 to Feb 5, 2025
  • Corporate clients · 574 to 573
    Jul 29, 2024 to Feb 5, 2025
  • HNW clients · 91,826 to 99,823
    Jul 29, 2024 to Feb 5, 2025
  • Individual clients · 68,799 to 73,976
    Jul 29, 2024 to Feb 5, 2025
  • Pension plan clients · 21 to 22
    Jul 29, 2024 to Feb 5, 2025
  • Pooled vehicle clients · 51 to 45
    Jul 29, 2024 to Feb 5, 2025
  • Employees · 3,525 to 4,065
    Jul 29, 2024 to Feb 5, 2025
  • State-registered IARs · 2,149 to 2,471
    Jul 29, 2024 to Feb 5, 2025
  • Other offices · 14 to 13
    Jul 29, 2024 to Feb 5, 2025
  • Private funds · 6 to 4
    Jul 29, 2024 to Feb 5, 2025
  • Discretionary RAUM · $277B to $299B
    Jul 29, 2024 to Feb 5, 2025
  • HNW RAUM · $192B to $208B
    Jul 29, 2024 to Feb 5, 2025
  • Individual RAUM · $44B to $47B
    Jul 29, 2024 to Feb 5, 2025
  • Pension RAUM · $4.4B to $4.5B
    Jul 29, 2024 to Feb 5, 2025
  • Pooled vehicle RAUM · $5.6B to $6.2B
    Jul 29, 2024 to Feb 5, 2025
  • RAUM · $277B to $299B
    Jul 29, 2024 to Feb 5, 2025
  • Accounts · 148,462 to 161,361
    Mar 28, 2024 to Jul 29, 2024
  • Charity clients · 40 to 49
    Mar 28, 2024 to Jul 29, 2024
  • Corporate clients · 467 to 574
    Mar 28, 2024 to Jul 29, 2024
  • HNW clients · 77,469 to 91,826
    Mar 28, 2024 to Jul 29, 2024
Signals
60 dated events
  • Tyler Krajewski no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Douglas Kyte Semple no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Donovan Lee Haugaard no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Edward Earl Butte no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • John Kent no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Jon William Munro no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Jonathan Robert Cozens no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Matthew Morgan Johnson no longer holds an investment adviser registration (last listed at Fisher Investments on the 2026-09-16 feed)
    Sep 16, 2026 · Advisor registration ended · derived
  • Tyler Melby registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Michael Jeff Glozer registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • George Frank Garcia registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Christopher Robert Sall registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Elijah Louis Cummins-Mikkalson registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Trent Elliott Vassberg registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Nathan Darke registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Jack Ryan Mcmichael registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Christian Bernal registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Timothy Wick registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Warren Whiting registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Hunter Ryan Phillips registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • John E. Starks registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Max Quincy Adams registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Noah Mahlon Eberhart registered as an investment adviser representative at Fisher Investments
    Sep 16, 2026 · Advisor registered · fact
  • Gianni Nesbeth added a FL registration at Fisher Investments
    Sep 16, 2026 · New state registration · fact
  • Aneesh Govindan Nair added a GA registration at Fisher Investments
    Sep 16, 2026 · New state registration · fact
  • Diedric Berg registered as an investment adviser representative at Fisher Investments
    Sep 15, 2026 · Advisor registered · fact
  • Cason Patrick Vitello registered as an investment adviser representative at Fisher Investments
    Sep 15, 2026 · Advisor registered · fact
  • Jacob Llewellyn registered as an investment adviser representative at Fisher Investments
    Sep 15, 2026 · Advisor registered · fact
  • Aliki Ioanna Stoumbos registered as an investment adviser representative at Fisher Investments
    Sep 15, 2026 · Advisor registered · fact
  • Joel Patrick Morrissey-Garrett registered as an investment adviser representative at Fisher Investments
    Sep 15, 2026 · Advisor registered · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/fisher-investmentsreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
linkedin.com/company/fisher-investments-canadareportedpublic record, Form ADV, Sep 17, 2026
Website
kenfisher.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
800-851-8845reportedpublic record, Form ADV, Apr 2, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$132Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026