Fisher Investments' Founder Ken Fisher Maintains Majority Controlling InterestPLANO, Texas, June 16, 2024 /CNW/ -- Fisher Investments ("FI") announced today that Advent International ("Advent") and a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") have agreed to make a minority investment in Ken Fisher's namesake firm, Fisher Investments. Ken Fisher, the Founder and Executive Chairman of FI, will sell personal holdings in FI to Advent-managed funds and ADIA. There is no further FI investment transaction contemplated. About Fisher InvestmentsFounded in 1979, Fisher Investments is an independent, fee-only investment adviser. Fisher Investments and its subsidiaries manage over $275 billion across three principal businesses—Institutional, US Private Client, and Private Client International.

Source: International New York Times June 16, 2024 19:04 UTC