Even with an average pillar rating, Pinnacle has had impressive longevity among its product shelf. The firm's risk-adjusted success ratio is 79%, meaning that 79% of its strategies have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. With an average tenure of seven years among the longest-tenured managers at Pinnacle, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. Pinnacle open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Pinnacle's rating.
In a competitive industry, Pinnacle does n't differentiate itself enough, leading to an Average Parent Pillar rating.