Fisher Investments, an independent investment management company, has announced the acquisition of assets from Lighthouse Capital Management.

Financial terms of the transaction were not disclosed. Lighthouse clients will be served by Fisher Investments’ private client group.

Paul Horton, founder and principal of Lighthouse, said: Fisher Investments’ performance record, global perspective and dedication to client service make this the right decision for our clients.

Luis Gutierrez, senior vice president of mergers and acquisitions at Fisher Investments, added: This acquisition, coupled with the one completed several months ago, demonstrates our ability to successfully acquire registered investment advisors (RIAs).

In these transactions and other on-going conversations, many traditional issues of concern for RIA owners – for instance, maintaining a local presence -have been successfully addressed after learning more about Fisher Investments’ client service and portfolio management capabilities.