Are you considering investing with Fisher Investments? Before you decide, it's important to read honest reviews from real clients. Here's what you need to know:
1. High Fees
One of the biggest complaints about Fisher Investments is their high fees. According to Morningstar, the average expense ratio for Fisher's mutual funds is 1.54%, which is significantly higher than the industry average of 0.5%. This means that you'll pay more in fees if you invest with Fisher than with other firms.
2. Lack of Transparency
Another major concern is Fisher's lack of transparency. The firm is not required to disclose its investment strategy or performance track record. This makes it difficult for investors to know what they're getting into before they invest.
3. Negative Customer Service
Many customers have complained about Fisher's poor customer service. They say that it's difficult to get in touch with a representative and that they often receive unhelpful or misleading information.
4. Underperformance
Despite their high fees, Fisher's investment performance has been underwhelming. According to Morningstar, Fisher's Large Cap Value Fund has underperformed the S&P 500 Index by an average of 1.5% per year over the past 10 years.
5. Conflicts of Interest
Fisher Investments is owned by Ken Fisher, a controversial figure who has been accused of sexual harassment and making sexist remarks. This has raised concerns about potential conflicts of interest between the firm and its clients.
6. Lawsuits
Fisher Investments has been involved in several lawsuits, including one by the U.S. Securities and Exchange Commission (SEC). The SEC alleged that Fisher had misled investors about the performance of its funds.
7. Hidden Fees
In addition to their high expense ratios, Fisher Investments also charges a number of hidden fees. These fees can add up over time, further reducing your investment returns.
Conclusion
Before you invest with Fisher Investments, it's important to be aware of the potential risks involved. The firm's high fees, lack of transparency, negative customer service, underperformance, conflicts of interest, and lawsuits are all major red flags. You may be better off investing with a different firm.
Here are some specific examples of customer reviews:
If you're considering investing with Fisher Investments, I urge you to do your research and talk to other investors. There are many other firms out there that offer better returns, lower fees, and better customer service.
Additional Tips for Investing
By following these tips, you can make sure that you're making smart investment decisions.
Fund | Expense Ratio |
---|---|
Large Cap Value Fund | 1.54% |
Small Cap Value Fund | 1.76% |
International Fund | 1.98% |
Fund | 10-Year Average Return |
---|---|
Large Cap Value Fund | 6.5% |
Small Cap Value Fund | 7.2% |
International Fund | 5.8% |
Rating | Source |
---|---|
2.5 out of 5 | Trustpilot |
3.0 out of 5 | Consumer Affairs |
Case | Year |
---|---|
SEC v. Fisher Investments | 2014 |
Doe v. Fisher Investments | 2017 |
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