Fisher Investments, a $275 billion registered investment advisor that announced plans last week to sell a minority stake in the firm, will spin out its Fisher 401(k) Solutions business into a new, independent company, the firm confirmed. The new entity will be called Fisher Retirement Solutions.
Nathan Fisher, senior executive vice president of 401(k) solutions and founder Ken Fisher’s son, will serve as CEO of the new company. Fisher’s 401(k) business has $4.75 billion in assets under management and over 100 employees, including advisors, as of June 21.
“While Fisher Investments and Fisher Retirement Solutions will be independent companies moving forward, they will be friendly, cooperative and interactive,” a Fisher spokesman said in a statement.
Fisher created its 401(k) Solutions business in 2014 to focus on the underserved small- and mid-sized retirement plan market. As of March 31, 2024, the business served over 1,600 small and medium-sized plans.
Nathan Fisher joined his father’s firm in 2005 serving in a variety of departments in addition to the 401(k) unit, including annuity evaluation, research and client services. He received an undergraduate degree from the University of California, Davis, and an MBA from the University of California, Los Angeles.
sell a minority stake in the firm to Advent International and a subsidiary of the Abu Dhabi Investment Authority in a deal valuing the RIA at $12.75 billion. The deal is part of Ken Fisher’s estate planning, according to the company, and will let Fisher Investments continue to operate independently.
And while that valuation may raise eyebrows in the wealth management industry, investment bankers active in the space agree it’s likely a fair valuation for a firm of Fisher’s size, scale and organic growth rate.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
This website stores cookies on your computer. These cookies are used to provide a more personalized experience and to track your whereabouts around our website in compliance with the European General Data Protection Regulation. If you decide to to opt-out of any future tracking, a cookie will be setup in your browser to remember this choice for one year.
Accept or Deny
//omg10.com/4/2470417
Manage Cookie Consent
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
