Advent Fisher Investments Review and Valuation

Advent Fisher Investments is a global investment management firm that offers a range of investment solutions to individuals and institutions.

The firm has a long history of success, with over $50 billion in assets under management.

Advent Fisher Investments is known for its disciplined investment approach, which focuses on long-term growth and income generation.

Its investment strategies are designed to be low-cost and tax-efficient, making it an attractive option for investors looking to minimize their expenses.

The firm's investment team is led by experienced professionals who have a proven track record of delivering strong returns.

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Advent International and the Abu Dhabi Investment Authority (ADIA) have invested in Fisher Investments, a leading RIA.

The investment values Fisher Investments at $12.75 billion.

Fisher Investments will maintain a majority controlling interest after the deal, with founder Ken Fisher retaining more than 70% of the company.

The deal is worth at least $2.5 billion and could reach up to $3 billion.

Fisher Investments manages over $275 billion in institutional and private client assets.

The company has a global footprint with 30,000 private clients across 16 countries and offices on four continents.

The investment will support Fisher Investments' next phase of growth while upholding the company's unique culture.

David Mussafer, managing partner of Advent, will join the board of directors at Fisher Investments after the deal closes.

The deal marks the first time an outside investment has been made in the firm, with ownership remaining among family and employees.

Ken Fisher will remain active as executive chairman and co-CIO, while CEO Damian Ornani will continue to lead the company.

Fisher's personal holdings in the firm will be sold to Advent-managed funds and ADIA.

The investment was made through Advent-managed funds, including those managed by Lunate Capital Limited, Mousse Partners, and FI's longtime largest institutional client, South Korea's National Pension Service (NPS).

For more insights, see: Actively Managed Mutual Fund

Fisher Investments, a mega-RIA, was valued at a multiple between 20x and 21x its earnings in a deal with Advent International and the Abu Dhabi Investment Authority.

The valuation was based on the company's earnings for the prior 12 months, which totaled roughly $600m.

This valuation is a significant indicator of the company's financial health and performance.

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