Fort Pitt Capital

A cause for concern at Fort Pitt Capital is its inexperienced longest-tenured managers. In particular, the cohort has only two years of average asset-weighted tenure, negatively contributing to the rating. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the second most-expensive quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. The Fort Pitt Capital roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as seen in its average three-year Morningstar Rating of 2.0 stars.