Founded in 1979 by Ken Fisher, Fisher Investments is a global money management firm that provides discretionary portfolio management services. It operates on a fee-only basis, meaning its revenue comes directly from client fees rather than commissions, which is intended to align the firm's interests with its clients'. The firm's investment philosophy is rooted in active management, utilizing proprietary research and a top-down approach to make global macroeconomic and sector decisions. It serves a diverse clientele, including high-net-worth individuals (Private Client Group), institutional investors (Institutional Group), and retirement plans for businesses (401(k) Solutions Group).