FAM

Manager investment is an area of strength for the firm. Over 100% of the firm's assets are covered by a$ 1 million investment, in an effort to align portfolio manager and shareholder interests. Portfolio manager turnover at FAM has been low over the past five years, building confidence that the firm is working to establish a stable and engaging culture. 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 second 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.