When you're out to better the entire investment universe, you have to surround yourself with people who care. From delivering top quality service to innovative perspectives on investing, it's the people that make the Fisher purpose possible. After all, they're the ones providing unparalleled service, developing the insights, communicating with clients, opening doors to prospective clients. Their devotion to their craft makes this a place where people can make a difference, develop new skills, enjoy lifelong careers and be continually challenged. Year over year, our employees stay with the firm because they have the opportunity to grow and improve. They want to make a difference in an industry that needs different, because they know that better matters.
When founder Ken Fisher established Fisher Investments as a sole proprietorship in 1979, he wasn't trying to beat competing investment firms at their own business model. Ken simply started a new model, advising institutional clients in using domestically-focused, small-cap value equity investments. What began as a small, startup-style institutional investment company soon expanded into a largely-untapped market: money management for high-net-worth investors looking to meet their long-term financial goals. As of 12/31/19, Fisher Investments and its affiliates have offices in 8 countries and manage over $121 billion in assets for more than 69,000 clients. This isn't happenstance; it's the byproduct of collective grit, fortitude, and desire to change the financial services industry.
Fisher Investments got its start in the basement of Ken Fisher's home. This sets the tone for all that Fisher Investments does—preordained outcomes don't exist in our firm. Here, the result is defined by the approach. We are the makers of our own futures, and we proudly thrive on the unconventional. This is why you'll find a lot of non-finance majors at our firm. We hire ambitious self-starters who believe in our mission, not those who simply fit the investment firm "type." And we encourage employees to define their own career paths; starting off in sales doesn't mean you have to stay in sales. Chart your own path. Carve your own niche. Your growth potential is limitless.
We put great value in great work, so we offer a benefits package that benefits our employees most. That means we cover 100% of health insurance premiums, including dental and vision coverage, for our employees and their dependents. We offer a 50% 401(k) match—up to the IRS maximum. We provide generous, competitive pay. We embrace work-life balance by supplying generous time off and primary caregiver leave benefits. Additionally, we provide perks ranging from employee discounts and travel assistance, to on-site food trucks and dry cleaning services (depending on your location). We strive to equip our people with the resources they need to live healthy, fulfilling lives.
Our goal is to empower employees—through a combination of service and education—with the ability to always consider our clients' interests first. As a new employee, you'll be given an in-depth introduction to our firm, followed by a personalized, cumulative, continuous learning and development framework geared toward your specific role and department; this includes an individualized development plan. You'll be introduced to an open office environment designed specifically to enable peer mentorship and information sharing. If you're interested in management, our internal leadership track is designed in a progressive fashion, evolving alongside managers as they grow and take on greater levels of responsibility. We provide all of our people with the tools and resources they need to continue pursuing professional growth throughout their career at our firm, as evidenced by our large number of internal rotations and promotions.