SEC-registered independent wealth management RIA
Fisher Investments
As of its Form ADV filed April 2, 2026, Fisher Investments, an SEC-registered independent wealth management RIA in Plano, Texas, reported $386.7 billion in regulatory assets under management across 422,516 accounts, ranking #1 among independent RIAs in Texas by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 107342
- SEC file number
- 801-29362
- Registered since
- March 26, 1987
- Latest Form ADV filing
- April 2, 2026
- Legal name
- FISHER ASSET MANAGEMENT, LLC
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 11
Key figures
- Regulatory assets under management
- $386.7 billion
- Discretionary
- $386.7 billion (100.0%)
- Non-discretionary
- $0
- Accounts
- 422,516 (422,516 discretionary)
- Clients
- 199,922, approximate as reported
- Employees
- 4,369
- Advisory staff
- 1,948 performing investment advisory functions
- Average account
- $915,160
- Asset growth, 1 year
- 29.4% (from $298.7 billion a year earlier)
- Asset growth, 3-year annual rate
- 26.2% (from $192.4 billion three years earlier)
- Asset growth, 5-year annual rate
- 19.4% (from $159.6 billion five years earlier)
- Client growth, 1 year
- 14.5% (from 174,538)
Independent wealth management RIA: individual and high net worth clients hold at least half of its regulatory assets, it offers financial planning or portfolio management for individuals, and it is not a broker-dealer, a bank or part of one by the directory's rules. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among independent wealth management RIAs.
| Ranking | Nationally | In Texas | Value |
|---|---|---|---|
| Largest independent RIAs by assets under management | #1 | #1 | $386.7 billion |
| Fastest-growing independent RIAs over one year | #1,056 | #87 | 29.4%from $298.7 billion |
| Fastest-growing independent RIAs over three years | #773 | #70 | 26.2%from $192.4 billion |
| Fastest-growing independent RIAs over five years | #676 | #54 | 19.4%from $159.6 billion |
| Independent RIAs with the biggest asset gains over one year | #1 | #1 | $87.9 billion |
| Independent RIAs with the most clients | #7 | #1 | 199,922 |
| Independent RIAs with the fastest client growth over one year | #1,042 | #76 | 14.5%from 174,538 |
| Independent RIAs with the most accounts | #7 | #1 | 422,516 |
| Independent RIAs with the most advisory staff | #2 | #1 | 1,948 |
| Independent RIAs with the most high net worth clients | #1 | #1 | 125,844 |
| Independent RIAs with the most CFP professionals | #19 | #1 | 117 |
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $36.5 billion |
| October 3, 2011 | $41.3 billion |
| October 1, 2012 | $39.2 billion |
| October 1, 2013 | $43.9 billion |
| October 1, 2014 | $53.8 billion |
| October 1, 2015 | $60.8 billion |
| October 3, 2016 | $65.4 billion |
| October 2, 2017 | $71.8 billion |
| October 1, 2018 | $96.0 billion |
| October 1, 2019 | $94.1 billion |
| October 1, 2020 | $120.9 billion |
| October 4, 2021 | $159.6 billion |
| October 3, 2022 | $208.9 billion |
| October 5, 2023 | $192.4 billion |
| October 1, 2024 | $276.9 billion |
| September 2, 2025 | $298.7 billion |
| October 2, 2026 | $386.7 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 125,844 clients | $283.0 billion | |
| Individuals (other than high net worth) 73,217 clients | $48.3 billion | |
| State or municipal government entities 20 clients | $23.7 billion | |
| Pooled investment vehicles 46 clients | $7.4 billion | |
| Pension and profit sharing plans 73 clients | $6.5 billion | |
| Sovereign wealth funds and foreign official institutions fewer than 5 clients | $5.8 billion | |
| Other investment advisers 11 clients | $5.2 billion | |
| Charitable organizations 25 clients | $4.1 billion | |
| Corporations or other businesses 672 clients | $1.3 billion | |
| Insurance companies fewer than 5 clients | $891.4 million | |
| Investment companies 3 clients | $249.5 million | |
| Other fewer than 5 clients | $79.3 million |
How the firm is paid
- A percentage of assets under management
- Performance-based fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Other
Financial planning clients (Item 5.H): 29000.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
None reported.
Financial industry affiliations (Item 7.A)
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Sponsor, general partner or managing member of pooled investment vehicles
Advises 4 private funds (Item 7.B).
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 2,984
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 2,520
Designations held by the firm's IARs: CFP 117, CFA 51, ChFC 11.
Between 759 and 1,249 of the firm's 2,984 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 0 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Texas
| Firm | City | RAUM |
|---|---|---|
| United Capital Financial Advisors | Irving | $24.6 billion |
| Sarofim Trust Co | Houston | $13.0 billion |
| Hub Investment Partners, LLC | Austin | $11.9 billion |
| Americana Partners, LLC | Houston | $9.1 billion |
| Sendero Wealth Management, LLC | San Antonio | $6.5 billion |
The five independent RIAs nearest in regulatory assets with a main office in the same state.
Elsewhere
- Fisher Investments on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.kenfisher.com
- Independent RIAs in Texas
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.