Ken Fisher Tells Industry Summit to Look Beyond ‘Best Practices’ to Achieve Break-Out Performance in Asset Management

WOODSIDE, Calif., Oct. 5 /PRNewswire/ — “Never yet done” practices – rather than ‘best practices’ – hold the key to break-out performance in the asset management industry, Ken Fisher, Founder and CEO of Fisher Investments, said in remarks prepared for more than 120 leading industry executives at Tiburon Strategic Advisors’ CEO Summit XVII on October 7 at the Ritz Carlton Hotel in San Francisco.

Mr. Fisher will be honored along with Charles Schwab as recipients of Tiburon’s Inaugural CEO Summit Awards, recognizing their contributions to “Focusing on Customer Needs” and “Challenging Conventional Wisdom.”

“So-called ‘best practices’ aren’t,” Mr. Fisher said in his prepared remarks. “They are a fine way for a D-quality firm to become a B-quality firm. But in asset management, to become an A-quality firm you have to ban ‘best practices’ from your lexicon, think more in terms of innovation and challenging conventional wisdom by establishing practices that have never been done before.”

Mr. Fisher continued, “Whether you’re looking at investment decision-making or the business of investment advice in all its facets, victory goes not to firms that do what everyone else does and just a little better, but to those that focus on what everyone says can’t be done, and that figure out how to make it feasible. That’s what generates out-the-bell-curve growth and superior profit margins.”

Mr. Fisher is the author of three New York Times best-sellers, including his current best-seller “How to Smell a Rat: The Five Signs of Financial Fraud” (Wiley, August 2009). For the past 25 years, Mr. Fisher has also written Forbes‘ “Portfolio Strategy” column, making him the fourth longest-running columnist in the magazine’s history.

About Tiburon Strategic Advisors

Tiburon was formed in 1998 by Chip Roame to offer market research, strategy consulting, and other related services primarily to financial services firms. Tiburon’s CEO Summits provide a unique opportunity for a select cross-industry group of senior executives to discuss a broad range of issues regarding the future of the banking, brokerage, investments, insurance, advice, & wealth management businesses. Tiburon’s CEO Summits likely provide the only true forum where financial services industry CEOs gather to discuss business opportunities. For more information: http://tiburonadvisors.com.

About Fisher Investments

Fisher Investments is an independent, global money management firm based in Woodside, CA with facilities in Washington state, London and Frankfurt. Founded in 1979, Fisher Investments currently manages $35 billion across two principal business units — Fisher Investments Institutional Group and Fisher Investments Private Client Group. These units serve diverse global client groups including corporate, public and multi-employer pension funds, foundations and endowments, insurance companies, healthcare organizations, governments, and 24,000 high net worth individuals. Fisher Investments is a registered investment adviser with the Securities and Exchange Commission under the Investment Advisers Act of 1940. For more information visit http://www.fisherinvestments.com.

SOURCE Fisher Investments