Bullfinch

Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Bullfinch charges fees on its funds that are in the most expensive quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. Experienced longest-tenured management is a core advantage that Bullfinch has over peer firms. With 26 years of average tenure across the group, it is clear that they've been put through their paces. The firm's stable portfolio management over the past five years, indicated by a higher-than-average retention ratio, positively impacts its rating.