A notable weakness of Alpha Fiduciary is the inexperience of its longest-tenured managers compared with other asset managers. Managing capital through a full market cycle is a challenging prospect for seasoned managers, but with only about four years of average asset-weighted tenure, there's cause for concern. Looking at the firm's risk-adjusted performance, the product lineup compares similarly to competitors. Across its open-end and exchange-traded funds, the firm's average three-year Morningstar Rating is 3.0 stars. Turnover among Alpha Fiduciary portfolio management ranks has been low compared to other firms since the firm's inception. This stability on the personnel front boosts confidence in its staying power.
Peter Mallouk: The Financial Advice Industry Is ‘Still Very Messy’
The founder and CEO of Creative Planning on why AI in financial advice is ‘inevitable’ and whether financial advisors will face fee compression.