Fisher Investments' Global Research Platform

Fisher Investments' Research Department is organized to provide the Investment Policy Committee (IPC) with high-quality, timely information. Our Research Analysts are located in our Woodside, CA headquarters and work closely with the IPC.

They are responsible for monitoring the economic, political, and sentiment drivers supporting our top-down process and for communicating their findings and to the IPC daily and as changes arise. Lastly, they act as information gatherers in the stock selection process.

Research Capabilities

All of Fisher Investments’ Research Analysts are generalists and therefore devote efforts to all of the firm’s strategies. Analysts are key members of the six teams that make up the Research department : Capital Markets Research, Securities Research, Research Analytics and Production, Portfolio Evaluation, Portfolio Implementation and the Portfolio Guidelines teams.

• Capital Markets Research

  The Capital Markets Research Team is responsible for gathering information used in the analysis of a wide range of economic, political, and sentiment drivers. The IPC uses this research and information to formulate forecasts and develop portfolio themes. The team's objective is to assist the IPC in determining country, sector and style forecasts using relevant information generated from the drivers to determine over/under weight allocations relative to a strategy's given benchmark. Country and sector-specific coverage is rotated among the analysts at the discretion of management.

• Securities Research

  The Securities Research Team is responsible for the initial analysis and ongoing monitoring of all securities held in the firm's portfolios. Each analyst is assigned securities that fall within specific sectors. They are then responsible for providing the IPC with updates as market conditions dictate or at least once per quarter. Sector coverage is rotated among the analysts at the discretion of management.

• Research Analytics and Production Team

  The Research Analytics and Production Team is responsible for composite performance maintenance and verification. The team also provides various portfolio and index performance, valuations and attribution reporting to other Research teams and to the IPC. Additionally, the team maintains, updates and formats all research materials for internal distribution, and for client services and marketing purposes.

• Portfolio Evaluation Team

  The Portfolio Evaluation Team provides portfolio analysis for clients and prospects to assist in sales and client service endeavors, including asset allocation and benchmark selection recommendations as well as the creation of investment proposals.

• Portfolio Implementation Team

  The Portfolio Implementation Team is primarily responsible for implementing model portfolios constructed by the IPC in client accounts. Their responsibilities also include ongoing monitoring of client accounts to help ensure portfolio weightings meet the IPC’s targets and adhere to client guideline restrictions.

• Portfolio Guidelines Team

  The Portfolio Guidelines Team is tasked with owning all coding that influences the implementation of client portfolios. The team’s primary mandate is to accurately translate client and firm mandates into coding for the firm’s order management system. The team is also responsible for monitoring portfolios to ensure compliance of all client, Fisher Investments and regulatory guidelines.

The following illustration provides insight into our unique Research Structure.