Empiric

An area of strength at Empiric is its tenured portfolio management team, which boasts 28 years of average tenure at the firm. This experience builds confidence as long-tenured managers have been through multiple market cycles. Empiric's risk-adjusted performance compares similarly to competitors. Across its open-end and exchange-traded funds, the firm’s average overall Morningstar Rating is 3.5 stars, which is about standard. 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.