One notable advantage of Aspiriant is its below-average fees. On average, the firm's open-end and exchange-traded fund fees fall in the cheapest quintile of category peers. An area of strength for Aspiriant is its very competitive risk-adjusted performance. Across its open-end and exchange-traded funds, the product lineup averages a five-year Morningstar Rating of 3.8 stars. Portfolio management turnover at Aspiriant is higher than at peer firms, detracting from the overall assessment of the firm's stewardship. Turnover in the portfolio-management ranks can happen for a number of reasons, including mergers and liquidations, portfolio managers moving into other roles, or portfolio managers leaving the firm. In some cases, such change may not signal a serious or immediate problem at the firm, but can still be disruptive for investors, hinder the effectiveness of a firm’s investment processes, or suggest a weaker investment culture.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.