Fisher Investments, a well-known investment management firm, offers various investment services with different fee structures. Understanding these fees is crucial before investing. This guide breaks down how Fisher Investments' fees work, addressing common questions and providing clarity on their pricing model.
What are the main types of fees charged by Fisher Investments?
Fisher Investments primarily charges fees based on a percentage of the assets under management (AUM). This means the fee is calculated as a percentage of the total value of your investments managed by Fisher Investments. The specific percentage varies depending on the investment strategy and the size of your portfolio. There may be additional fees associated with specific services or transactions, such as account transfers or wire transfers. It's critical to review the specific fee schedule provided in your account documents.
What determines the percentage fee I will pay?
Several factors influence the AUM percentage you'll pay:
- Investment strategy: Different investment strategies, such as equity portfolios or more complex strategies, may have varying fee structures.
- Portfolio size: Generally, larger portfolios tend to have lower percentage fees than smaller portfolios. Fisher Investments' fee schedule typically offers tiered pricing, meaning the percentage decreases as your assets under management grow.
- Specific services: Additional services beyond standard investment management could incur separate fees.
Are there any minimum investment requirements?
Yes, Fisher Investments generally has minimum investment requirements. These vary based on the specific account type and chosen investment strategy. It's essential to check their website or contact them directly to determine the minimum investment needed to open an account.
What other fees should I be aware of?
While the AUM fee is the primary charge, be aware of potential additional fees:
- Transaction fees: These may apply to specific transactions, such as buying or selling securities.
- Account transfer fees: Fees could be associated with moving your assets into or out of a Fisher Investments account.
- Wire transfer fees: These may apply when transferring funds via wire transfer.
- Custodial fees: Although Fisher Investments acts as the investment advisor, the actual custodial services (safekeeping of your assets) may be handled by a separate custodian, who may charge their own fees. Your account statements should clearly show these.
How are Fisher Investments fees different from other firms?
Many investment firms utilize similar AUM-based fee structures. However, the exact percentage, minimum investment requirements, and presence of additional fees can significantly vary. It's recommended to compare Fisher Investments' fees with other firms offering comparable investment services to ensure you're receiving a competitive deal.
Where can I find the complete fee schedule for Fisher Investments?
The complete fee schedule should be clearly outlined in your account documents and provided before you invest. It's crucial to review these documents carefully before opening an account to understand all associated costs. Contacting Fisher Investments directly is also a good way to obtain the latest fee information.
Does Fisher Investments offer any fee waivers or discounts?
Fisher Investments doesn't typically advertise widespread fee waivers or discounts. However, it's worth inquiring about any potential programs or offers that may be applicable to your situation.
How often are the fees charged?
Generally, Fisher Investments' fees are charged periodically, typically monthly or quarterly. The specific billing cycle will be detailed in your account agreement.
Remember, this information is for general understanding. Always consult the official Fisher Investments documentation and seek financial advice from a qualified professional before making any investment decisions. Understanding all fees associated with an investment is vital for informed financial planning.
