The Fisher Group, LLC is a large advisory firm based in Southfield. It manages $730.67 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida and Michigan.
The Fisher Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Fisher Group, LLC is $730.67 million. The firm's AUM has grown by 0% since the beginning of its operation, and $56.42 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay The Fisher Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of The Fisher Group is high net worth individuals with 19 clients and $352.48 million of assets under management. Among the 7 most similar advisory firms, The Fisher Group has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $471.74 million for 22 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.
The Fisher Group also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 11 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Melissa Dunham Cragg has served as the Chief Investment Officer since 1 Dec 1999. Alan Howard Harris joined the executive team most recently as the Chief Investment Officer.
The principal office where The Fisher Group, LLC performs its advisory services is located at Two Towne Square, Southfield, MI 48076, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-415-4000 or by fax 248-415-1450. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.