Marsico

Marsico fails to meet industry-standard stewardship qualities, culminating in a Below Average Parent Pillar rating. Marsico open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the second most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. Manager turnover at Marsico over the past five years has been higher than at peer asset management firms, potentially a signal that company culture is a bit unstable. Experienced longest-tenured management is a core advantage that Marsico has over others. Average tenure across management is 15 years, building confidence that the group has been put through its paces.