Private equity firm Advent International has held talks to acquire billionaire Ken Fisher’s eponymous Fisher Investments, according to a person with knowledge of the matter.
An agreement hasn’t been reached and it’s possible no deal will transpire, said the person, who asked not to be identified discussing confidential information.
An Advent spokesperson declined to comment. The Wall Street Journal earlier reported that talks were ongoing but said they might not lead to a transaction and it is possible another suitor could emerge for Fisher.
In a statement after the initial report by The Wall Street Journal, the company denied a sale was imminent in a statement, which read: “Fisher Investments is not being bought by Advent International, or anyone else.”
Fisher Investments oversaw $236 billion for about 145,000 clients including individuals and institutions as of Dec. 31, its website shows.
Ken Fisher founded the closely held firm in 1979, and last year moved its headquarters to the Dallas suburb of Plano after the highest court in Washington state said a capital gains tax on wealthy residents was constitutional.
The 73-year-old has an estimated net worth of $4.3 billion, according to the Bloomberg Billionaires Index.
Advent, which has made private equity bets since 1989, counts financial services among its areas of focus and has backed companies including Worldpay and Vantiv, its website shows.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
