Fisher Investments - The people are a lot better than the company's performance. | Glassdoor
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Helpful (3)

"The people are a lot better than the company's performance."

StarStarStarStarStar
Former Employee - Investment Counselor in San Mateo, CA
Former Employee - Investment Counselor in San Mateo, CA

I worked at Fisher Investments full-time (More than 3 years)

Pros

Made some life long friends. Good people and culture.
Learned a lot about capital markets and investments while employed at the firm. I still use Ken's investment philosophy when managing my own assets.

Cons

They should call themselves a marketing firm as they are much better securing clients than managing portfolios.
You really get fatigued by having to explain consistent benchmark under-performance to clients.

Advice to Management

Ken has relied heavily on bear / bull market calls to add value for the GTR strategy. Given that he hasn't made a good bear / bull market call since 2000, management should try adding value at the stock picking level.

Other Employee Reviews for Fisher Investments

  1. Helpful (6)

    "A Sinking Ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Mateo, CA
    Former Employee - Anonymous Employee in San Mateo, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great medical/dental plans. Also, the 401k matching is probably the best you'll find. You get to miss most of traffic coming in at 7am (or 6am) every day.

    Cons

    Mediocre employees are not fired since you can't recruit better ones anyway.

    You benchmark against your direct (mediocre) peers instead of the disruptive entrants in your market.

    Your co-workers roll their eyes at Facebook, Twitter, cloud services, iPhones, about how they are for children and your customers will never trust their business to them.

    Cross-functional committees are formed to solve problems that would have been solved already if the people responsible for them were any good.

    The HR department thinks their job is administration, not leadership.

    All technology decisions go through a centralized IT bottleneck steering committee.

    IT sends out a memo that says anyone using unauthorized cloud services will be fired.

    Spending and hiring decisions are "approved" by an entity outside of your group, even if they are within existing budget.

    No one can answer, "why work here?" except to talk about the dental plan.

    Executives are shuffled around the company to new roles, but outsiders don't ever seem to be brought in to raise the bar.

    When an exec quits, their next in line is automatically promoted to their bosses' job, even if they weren't that great and there would have been better candidates elsewhere.

    Each employee has a rationale for why, "I'm glad I don't have to work at Facebook/Twitter/Goldman."

    Advice to Management

    Bring in people with actual and relevant outside management experience.


  2. Helpful (7)

    "A sales firm that happens to do finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in San Francisco, CA
    Former Employee - Associate in San Francisco, CA
    Doesn't Recommend
    Negative Outlook

    I worked at Fisher Investments full-time (More than 3 years)

    Pros

    You will specialize in specific areas. You become friendly with most of the people there and its a very open environment. They have 401K matching and relatively good benefits.

    Cons

    Don't expect that you will learn how to value a company, select investments, become a trader, manage accounts or really do much in finance. Rather you will focus on doing one thing over and over for comp that is simply better elsewhere. However, if you are on the sales side the comp was pretty good but that may have changed. Also don't really expect job satisfaction as the culture isn't easy to deal with.

There are newer employer reviews for Fisher Investments
There are newer employer reviews for Fisher Investments

See Most Recent

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