Fisher’s Million-Dollar Cutoff
About this episode
Chris discusses how Fisher Investments' new account minimum affects smaller investors and the broader implications for Wall Street practices.
LISTEN and SUBSCRIBE on: Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on: https://www.youtube.com/@WatchdogOnWallstreet/featured Chris exposes a little-known industry practice that he says punishes smaller investors. After raising its account minimum to $1 million, Fisher Investments reportedly moved many sub-million-dollar clients to advisors based in Costa Rica. Chris connects the story to a long history of Wall Street firms sidelining smaller accounts, from call centers to profit-driven client reshuffling. The bigger question: when financial firms chase efficiency and higher margins, what happens to the investors left behind?
People in this episode
Host: Chris Markowski
Topics covered
- investing practices
- financial firms
- smaller investors
- account minimums
- Wall Street
- client management
Mentioned in this episode
Organizations: Fisher Investments
Places: Costa Rica
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