Fisher Investments

  www.fisherinvestments.com
  www.fisherinvestments.com
There are newer employer reviews for Fisher Investments

5 people found this helpful  

Fisher is not a company, its a hive!

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Ae in San Mateo, CA
Former Employee - Senior Ae in San Mateo, CA

I worked at Fisher Investments full-time (more than 5 years)

Pros

Its a great place to 'used to work at'! You get to live in California if you work here.

Cons

Complete squelching of individual thought and creativity. Management that is hostile to the individual and drains the spirit of its employees. Virtually no upward mobility.

Advice to ManagementAdvice

Clean house and change the culture to one that encourages individual thought, and promotes 'out of the box' thinking. Do you ever wonder why your performance has dramatically lagged every major benchmark? You are not leveraging the intellectual capital you have at your fingertips!

Doesn't Recommend
Negative Outlook
Disapproves of CEO

229 Other Employee Reviews for Fisher Investments (View Most Recent)

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  1. 15 people found this helpful  

    Limited Career Opportunities, Low Morale and a Company with an Uncertain Future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Woodside, CA
    Former Employee - Anonymous Employee in Woodside, CA

    I worked at Fisher Investments full-time

    Pros

    Company matches employee 401k contributions.
    Health insurance is better than average financial firm.
    Company office is located immediately off the freeway.

    Cons

    I was a longtime employee of Fisher Investments (most recently as an Investment Counselor) prior to recently joining another financial services firm. There are some talented individuals at FI, and management has been able to retain them by using fear and intimidation. If someone is disappointed with career opportunities, company culture, compensation, etc., it'd be common to hear "try to make this money elsewhere" and "the grass is not always greener at other companies." I've worked at other financial firms before and after FI, and I can confidently say the grass is not only greener but quite lush too.

    - Company morale is low. There is little confidence in management's ability to lead, manage client portfolios or proclivity to consider/address employees' concerns. The environment is the most toxic I've ever been around.

    - Employee turnover, which has always been high, has dramatically increased the past few years, especially tenured employees. Turnover is typically highest immediately after employees receive their bonuses.

    - Ken Fisher controls all decisions. With no shareholder accountability and management unwilling to challenge him, no changes can be made. Everyone is terribly afraid of Ken Fisher.

    - Complete obsession with its public image. FI proactively attempts to remove negative online FI content while promoting internally-created positive content (FI articles, reviews, etc.) They even provided us with "training" on how to defend against negative reviews to clients and prospective employees. Plus, there are efforts to proactively encourage any satisfied clients to post positive reviews online. Employees have also been "encouraged" to post positive reviews online on Ken's books and purchase his books to boost sales. All this money and effort would be better spent on improving the company rather than covering up to outsiders.

    - The most respected senior executive, presumably the next-in-command after Ken Fisher, has decided to leave the firm. Not good for stability or employees' confidence in company's future when the smartest guy in the room leaves. And this was with already below-average portfolio performance.

    - What's the career path? Few options outside of Sales, Operations and Investment Counselor roles in lower/middle management. These positions are cookie-cutter with no ability to impact their departments or the firm.

    - Investment Counselor position. Internal employees no longer want the position, and the company now has to consider and hire candidates who previously would not have been qualified. (May be a positive for notoriously tight company as these new hires are lower-paid)

    - Portfolio management (supposedly FI's main responsibility) has consistently been poor. Defending the firms' constant underperformance to clients over the years has been exhausting.

    - Management monitoring and critiquing (a.k.a. "micro-management") your work daily via a slew of reports is even more exhausting.

    - Teamwork? Compensation structure pits teams & employees against each other, so your colleagues performing worse is more beneficial. One team performing "well" means another is performing "poorly" on a monthly basis.

    - Fisher training is non-transferrable to other financial firms, and FI and the other firms know it. FI's industry reputation is that of a marketing/advertising boiler room rather than an investment firm.

    - Graduate degrees and outside education/certification is discouraged. The lack of tuition reimbursement, and the attitude of management is that higher education adds no value to the firm.

    - Workday begins at 7am sharp. Managers track your daily arrival time, so don't think of being late because it may literally cost you.

    - Perks: No sabbaticals. No annual holiday/company party. No parking half the year (or having to "compete for parking") in San Mateo. No company outings. No ability to work from home. No flexibility in work schedule, even if you have young children (better hope your spouse does not work). Work space is 3ft x 2ft (seriously), kitchen space is minimal and bathroom situation is much worse. No work anniversary acknowledgments (even after major milestones).

    I did learn and hone some professional skills in my time at Fisher, but realistically I would have done the same anywhere else. I don't necessarily regret working at FI, but I would never consider again and would recommend against it for anyone else. I do regret not leaving FI sooner because it is possible to believe in what you do, have an impact on others and your company all while making good money. Management reminds us that we are just "cogs in the machine," and their complete disregard for their employees is obvious. For anyone looking to work at Fisher Investments, can all these reviewers be wrong?

    Advice to ManagementAdvice

    Hire outside experienced managers not entrenched in Fisher's cultish groupthink mentality. Focus on the content of your employees' negative reviews instead of worrying about removing these reviews

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 4 people found this helpful  

    Boiler Room West

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive in San Mateo, CA
    Former Employee - Account Executive in San Mateo, CA

    I worked at Fisher Investments full-time (more than an year)

    Pros

    If you want to jump into sales the hard way out of college, this is it. You will have skin thicker than walls after a year here. It's a great way to connect with young professionals to network.

    Cons

    You are cold calling homes 200 times a day. All someone has to do is read one of Ken's articles and they are a lead. Once you get this person who has no idea who you are or where you are calling form on the phone you must immediately gain their interest then qualify them for $500K liquid.

    Doesn't Recommend
    No opinion of CEO
There are newer employer reviews for Fisher Investments

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