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Is Fisher Investments a Scam in 2024?
Is Fisher Investments a scam? Is it a safe and legitimate firm? Fisher Investments BBB rating, complaints. Is account SIPC/FDIC insured?
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Is Fisher Investments a Safe and Legitimate Firm?
Fisher Investments is not only safe and legitimate, but it's also one of the most well-known financial advisory firms in the country. However, it's not the best fit for everyone, which sometimes leads to negative customer experiences and claims that Fisher Investments is a scam.
History of Fisher Investments
Founded in 1979 by Ken Fisher and incorporated in 1986, Fisher Investments has been led by Damian Ornani since Ken stepped down in 2016. The firm believes strongly in capitalism and free market forces determining the prices of securities, aiming to position their clients advantageously in these markets.
With nearly fifty years of experience, Fisher Investments has served over 100,000 clients and continues to grow every day.
What Does Fisher Investments Do?
Fisher Investments offers a range of financial services, including:
● Personal wealth management
● 401(k) services
● Institutional investment strategies and responsible investing
The firm provides a wealth of resources, insights, and support to help individuals and institutions manage their investments effectively.
With a long-standing reputation, Fisher Investments is recognized as a legitimate and secure option for investment services. They also engage in global investment initiatives, adding to their credibility.
You can trust Fisher Investments; they have a solid track record of helping clients successfully manage and grow their investments.
Is Fisher Investments a Scam?
Fisher Investments is far from a scam. While some may have negative views based on personal experiences, this does not diminish the firm's legitimacy.
Investing always involves risks, but that does not equate to scamming. Fisher Investments is committed to acting in their clients' best interests.
To learn more about what Fisher Investments offers, visit their website. You can check their "About Us" section for more background information or contact them directly to learn more about their services without any obligation. They are a legitimate firm, ready to assist.
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Is Fisher Investments SIPC/FDIC Insured?
While SIPC/FDIC insurance is one way to assess a company's safety, it's not the only measure.
Federal Deposit Insurance Corporation (FDIC)
The FDIC insures deposits within approved banks to ensure financial stability and safety. However, Fisher Investments does not qualify for FDIC insurance because it does not offer traditional banking services.
Securities Investor Protection Corporation (SIPC)
Fisher Investments is covered by SIPC insurance, which protects against the loss of cash and securities in cases of firm failure, but not against losses from market fluctuations or bad investment decisions.
Fisher Investments BBB Reviews
Fisher Investments has an A+ rating from the BBB but only a ⅖ star customer rating. Despite thousands of clients, there are only eleven official complaints, most of which have been resolved.
Common complaints include:
● Unexpected fees
● Phishing and scam emails
● Lack of transparency
The most frequent complaint concerns unexpected fees.
Despite some negative feedback, the vast majority of Fisher Investments' clients find their services beneficial.
Is Fisher Investments Legit?
Yes, Fisher Investments is a legitimate company. It's well-regarded in the investment community, endorsed by many official bodies and clients. While it's not FDIC insured, it is SIPC insured. Negative reviews typically come from misunderstandings about the nature of investment risks rather than issues with the firm’s legitimacy.
Find a Financial Advisor
If you are looking for a professional money management service in your area, you can
find a Financial Advisor on the Wiser Advisor.
Try Wiser Advisor
Updated on 7/4/2024.
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