Why Ken Fisher still plans to work a 60-hour week despite handing off CEO role to 'badass'
The iconoclastic founder of the $65-billion RIA will write, research and mix with the troops, remaining omnipresent as Damian Ornani ascends to the CEO spot
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Ralph Pahlmeyer will play to his firm's sifting strengths, seek enterprise deals and think more like a software executive
November 21, 2018 at 7:09 AM
Co-founder Justin Wisz is out at Vestorly, and neither party is commenting; but some jarring Glassdoor reviews of the ex-CEO raise eyebrows
The Ken Fisher disciple went six years at the NYC-based start-up before his co-founder Ralph Pahlmeyer took his place
November 6, 2018 at 1:38 AM
James K
I remember reading something about this last year. Interesting to see how it played out.
Boone
Always entertaining when mr. fisher is involved. Not super surprising for a 65 yr old, though.
James J.
I interviewed at Fisher several years back. I didn’t get the job, but was always impressed by their business model and thought leadership. Good to see they’re still growing strong.
ted
I hope I’m not working a 60-hour week when I’m 65. I’d rather be on the beach in Hawaii :)
Joe Murphy
Being a customer of Fisher Investments for quite some time, I’m totally happy with the service AND results. Mr Fisher is a very interesting guy; I’ve had the pleasure of hearing him speak at several of their client seminars around the US. He’s very knowledgable, entertaining, and has an extremely quick wit. As far as their business model is concerned, it fits my needs to a “T”....I don’t need face to face interaction with my investment counselor. I simply need to know what’s going on, why it’s going on, and what’s happening to address it or benefit from it. Fisher Investments fully satisfies those needs.
Inews
It’s shocking to me that someone would pay fisher 1-1.5% for less than market returns…. Marketing machine they are good money managers they are not…
Handsome Dan
Kind of a strange comment from the last poster. I’m a lot more inclined to trust an actual client, and the firm’s general reputation, over what sounds like someone with an ax to grind and a case of the sour grapes.
Not buying what Ken is selling
Ken Fisher’s company had my 58 year old dad’s entire portfolio invested in a 100% equity solution consisting of 89% in 48 individual large cap stocks and 11% in 3 UBS/Credit Suisse/Deutsche equity ETF’s and in the case of 1 ETF, a .89% expense ratio. My question to my dad was, if 2008 hits again and your all equity portfolio devalues by 50% will you still be able to retire in 4 years like you planned? He was moving his money to a new advisor after that. Maybe Ken Fisher’s company can sale, but they sure can’t advise.
Chuck
Coach Maria
Think about it
Coach Maria
