About two months after investment advisor Ken Fisher made crude remarks at an industry event in the United States, there’s news that Fisher Investment’s office in the United Kingdom has been the scene of bad behavior.
The firm has about 6,000 British clients and an office in London.
One former advisor, who spent five years with Fisher Investments UK, told The Telegraph that Fisher spoke about sex and compared bringing on a new client to getting sexually aroused at a conference there.
Another ex-Fisher employee in London described the office as “like the Wolf of Whitfield Street,” referring to the racy film about brokers in the ‘90s – “The Wolf of Wall Street,” according to the paper.
Former staff there says its environment is “bullying, intimidating, [and] controlling,” and that its financial advisors – referred to as outside sales persons – find themselves pushed extremely hard to reach certain performance targets, The Telegraph reported.
Such behavior was highlighted at Fisher’s U.S. operations in October by Bloomberg. “I thought Fisher was my dream job,’’ said Nick Morrison, who joined the firm near Vancouver, Washington, in 2011, and left the following year. “From the very first day, it was just a nightmare.”
A spokesperson for Fisher UK told The Telegraph: “We pride ourselves on having a good firm culture. We simply do not recognize this description and account of our UK business.”