Fisher Investments has released a statement that The Wall Street Journal posted a false story claiming Fisher Investments was being purchased by a private equity company, Advent International. The story was attributed to “sources familiar with the matter,” which Fisher Investment’s statement characterized as “PR parlance for rumors.”
Fisher Investments is an independent, fee-only investment adviser. As of Dec. 31, Fisher Investments and its subsidiaries managed more than $236 billion in assets globally — more than $196 billion for private investors, $35 billion for institutional investors and $4 billion for U.S. small to mid-sized business retirement plans.
Click here for the release.