A negative contributor to Community Development Fund's rating is its lower-than-average portfolio management retention over the past five years, as elevated turnover bears watching. Fees on open-end and exchange-traded funds are a weakness of the firm, contributing negatively to the rating. On average, expenses on its funds are within the most expensive quintile compared with category peers. 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.
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.