FAM

Managers at FAM are at the top of the industry when it comes to eating their own cooking. Almost 100% of the firm’s assets are represented by a manager who invests at least$ 1 million in their respective product, in an effort to align portfolio manager and shareholder interests. FAM has brought continuity to its product shelf, with low portfolio management turnover compared with peer firms over the past five years. Lofty fees for the firm's open-end and exchange-traded funds are a weakness, contributing negatively to FAM's rating and creating a larger performance hurdle. The firm's fund fees, on average, fall within the second most-expensive quintile of similarly distributed strategies.