Here’s how Fisher compares with two similar competitors.
Fisher Investments vs. Edelman Financial Engines
Fisher and Edelman are both fee-only investment advisors that offer financial planning, portfolio management and retirement services to individuals. But Edelman has a much lower account minimum than Fisher at $50,000.
Edelman uses a wrap-fee financial model for its managed accounts, a single fee that covers multiple services, including portfolio management, transaction execution and report preparation. Its fees start as high as 1.75% of AUM for the first $400,000 and decrease to 0.5% for balances of $10 million and higher, with negotiable rates for managed accounts above $25 million. If you have a smaller portfolio, Edelman will be more expensive than Fisher. Unlike Fisher, Edelman also offers model portfolios in addition to custom portfolios. It also has over 145 locations in the U.S., making an in-person meeting easier.
Fisher Investments vs. Edward Jones
Edward Jones offers investment advisory and brokerage services to its clients. For its professionally managed portfolios, it has either a $25,000 or $300,000 account minimum, depending on the Advisory Solution account chosen. Unlike Fisher, it charges multiple fees—a 1.35% program fee for the first $250,000 in assets plus a 0.05% platform fee. The tier structure decreases to a 0.5% program fee and 0.0% platform fee for portfolio values exceeding $10 million, making its total fee structure less expensive than Fisher’s. Unlike Fisher, Edward Jones has thousands of in-person locations. It bills itself as the brokerage firm with the most locations in the U.S., with a total of over 16,000 in the U.S. and Canada.
*Edward Jones advisory programs may also include small platform fees and manager fees for professionally managed portfolios. Total costs vary based on the specific program and investments selected.