Fisher Investments Reviews | Glassdoor

Fisher Investments Reviews

Updated March 27, 2017
415 reviews

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415 Employee Reviews

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Pros
  • Fisher also has great benefits and will pay for you licenses as you advance your career (in 39 reviews)

  • Work/life balance in the sense that you do not frequently work overtime, and you are not allowed to take work home with you (in 18 reviews)

Cons
  • middle management tends to not listen to anyone but themselves, long hours 10 hour days are the norm (in 20 reviews)

  • The work life balance is terrible; you are required to work 50 hours a week with no flextime and no flexibility (in 10 reviews)

More Pros and Cons

  1. "It's been a great experience, terrific company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor in Vancouver, WA
    Current Employee - Investment Counselor in Vancouver, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fisher Investments full-time (More than 3 years)

    Pros

    The people I work with are great, the company culture is good, what we for clients is great vs other competitors is so much better, lots to feel good about.

    Cons

    Nothing too major, senior management doesn't always give clear expectations for employees and guidance isn't always clear but isn't too different from other companies


  2. "Investment Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Advisor in Woodside, CA
    Former Employee - Investment Advisor in Woodside, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fisher Investments full-time (Less than a year)

    Pros

    Reasonable pay some smart people work in lower levels of company.

    Cons

    It's basically a glorified boiler room with ego driven mgt and culture.

    Advice to Management

    No need to give advice they dont give a dam it is there way or the highway.


  3. "A job that prepares you for what you really want to do"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Camas, WA
    Former Employee - Account Executive in Camas, WA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Great training programs, amazing health and 401k match

    Cons

    Not a ton of career advancement, upper level management was not transparent

    Advice to Management

    More transparency for advancement


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  5. "Content Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fisher Investments full-time

    Pros

    Competent and intelligent senior management. Positive work environment. Solid training structure.

    Cons

    Office is located in Camas, WA.


  6. Helpful (2)

    "Account Executive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fisher Investments full-time

    Pros

    Amazing hours. Young crowd. Food trucks come to campus for lunch.

    Cons

    No ice machines. No cafeteria for employees.

    Advice to Management

    Get ice machines. And a cafeteria.


  7. Helpful (6)

    "Investment Counselor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Fisher Investments full-time

    Pros

    COMPENSATION PLAN: Pay is decent, though not much incentive to close more deals unless you’re on the new accounts team. Good place to start gaining experience with customer management.

    Cons

    MIDDLE MANAGEMENT: Two words - NOT GOOD. Most of the middle management isn’t very bright, nor perceptive in matters of capital markets. Ken Fisher is a good author and perhaps an industry visionary, but independent thought and analysis on the part of Investment Counselors (ICs) is not valued at FI. Fisher is a sales company first, but even so, ICs are expected to preoccupy themselves with burdensome administrative items that should be left to a support group. If you’re a seasoned professional in financial services, do yourself a favor and look elsewhere. There are many companies that offer much more decentralized investment decision making, client roster management, and client engagement.

    ROLE POLLUTION: WAY too much time spent on operational nonsense. When you’re dealing with “high net-worth” clients, the last things a quality advisor should worry about are pesky tax/documentation/logistics issues. I recall countless instances of wasted time seeking approval to simply carry out client requests that could have taken 10 minutes. Then, a goofy 22-year old calls you up because they don’t understand very self-explanatory documentation for the account boarding process- what an incredible waste of time.

    Instead of strictly adhering to an arbitrary $500K minimum, Fisher needs to be thankful for any money entrusted to them. They posture themselves as a world-class manager, but are far from an exclusive club whose clients are discerning royalty. In fact, they are not even a true wealth manager. Think Walmart, not Saks. When someone offers you $300K, you take it.

    STIFLING ENVIRONMENT: There is NO reason for most ICs to be at the same desk for 8 hours/day when their core function is calling most clients 1x quarter for the sole purpose of "not getting fired." This is a tremendous waste of resources. SOLUTION: hire experienced and motivated people, incentivize them properly, and allow them to work where/how they wish. There are smart and effective people at Fisher, but there are also many lazy/inexperienced people floating around that bring the collective IQ down toward room temperature.

    Those with sales and analytical savvy would be better off working under the traditional commissioned model, or even better, away from active management altogether. Fisher trashes commissioned sales brokers as "jack of all trades" types, but the freedom to advise, make investment decisions, and pursue additional business w/o checking boxes in order to meet a regimented call schedule is much better.

    FEES: FI hasn't met, let alone outperformed, its benchmark index for most years since 2000. FI is a very expensive way to achieve mediocre investment performance. Clients' money would be better placed in an S&P 500 index fund. ICs and field sales reps deliberately avoid performance discussion.

    SUMMARY: Allow ICs to prospect freely and further reduce the administrative and operational creep. Restricting an IC’s focus solely on the deals assigned to him/her can feel like drawing blood from a stone. Allow ICs to unburden themselves of clients that shouldn't have been clients in the first place.

    Advice to Management

    Step it up. The next bear market will be tough on this firm.


  8. Helpful (4)

    "Investment Counselor ?"

    Star Star Star Star Star
    Former Employee - Investment Counselor
    Former Employee - Investment Counselor
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The pay can be decent depending on your situation...........Other than that I struggle when thinking about any other positives.

    Cons

    Wow. First of all, management does not communicate with you at all as a new employee. You will be treated like COMPLETE dirt as a new hire. Training ? Be prepared to go through a bunch of classes with pontificating individuals running the show who are so much smarter than you. They denigrate you for asking questions. This means anything remotely negative will be held against you and not directly communicated to you but behind your back to your direct manager. Selective information is fed to individuals who deserve management like jaws needs a raincoat. This place sucks. I highly recommend that anyone looking at working here....think twice. This is a terrible place to work.

    Advice to Management

    Learn how to actually manage.


  9. Helpful (1)

    "Institutional associate review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Associate in Camas, WA
    Current Employee - Investment Associate in Camas, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fisher Investments full-time (More than a year)

    Pros

    The benefits package is really good, upward mobility and cross department movement is really good too.

    Cons

    middle management tends to not listen to anyone but themselves, long hours 10 hour days are the norm.


  10. Helpful (5)

    "Get your experience and leave"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Programs and Talent Acquisition Associate in San Mateo, CA
    Current Employee - Client Programs and Talent Acquisition Associate in San Mateo, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Fisher Investments full-time (More than 3 years)

    Pros

    There is one real reason I come into work everyday and that's for the people. Fisher genuinely hires good, hardworking people. I have made manyou good friends over the past few years.

    Cons

    Before you read anything else. This is a company that loses over 25% of their work force every year.

    This company is afraid of change. Only real opportunity is if you're willing to move to Washington. Pay and benefits are not competitive. Hours are terrible and "they don't know why they still make associates work 50 hours weeks."

    Advice to Management

    Company needs change. You have good employees treat them well or you will continue to have terrible retention rates.


  11. Helpful (6)

    "Sexist Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Camas, WA
    Former Employee - Account Executive in Camas, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fisher Investments full-time

    Pros

    - Good benefits, the health insurance and 401k are nice.

    Cons

    - Here is an example from my time at Fisher: One of the top AE's, who has been in the department since 2008, was caught emailing sexually derogatory things about a female employee behind her back. The two other male employees involved were fired, but what happened to the top AE? He was taken off his select status leads for two weeks. And that ladies and gentleman is Fisher in a nut shell. They claim to care so much about bettering the investment universe, etc. but then when an employee does something obviously sexist, and a fireable offense they give him a tiny slap on the wrist.
    - The whole AE department has this horrible toxic culture.

    Advice to Management

    - Stop being so awful and self-important.



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