Fisher Asset Management has announced the acquisition of substantially all assets from EconoStrat Advisory.

EconoStrat clients will be served by Fisher Investments’ private client group. The acquisition is claimed to mark the end of a successful year for Fisher Investments, as firm-wide assets under management surpassed $45 billion.

Mark Scalzo, group vice president and head of mergers and acquisitions at Fisher Investments, said: The private client group was born of a commitment to provide institutional-level capabilities to our high net worth clients. Our consolidation strategy is consistent with this objective, and aims to introduce additional clients to Fisher Investments’ unique approach to client service, depth of resources and institutional-quality investment

As a result, we offer an attractive alternative for registered investment advisers such as EconoStrat who are looking to transition trusted client relationships.

Bob Kennedy, founder and principal of EconoStrat, added: Fisher Investments is a first-rate money management company and the ideal choice to assume the management of client investment accounts. We actually transitioned our business sooner than we originally expected to capitalize on the tremendous opportunity that this transaction represents to our clients.