A strength of the steward is the longest-tenured portfolio managers’ average tenure of 26 years at the firm, bringing extensive experience to the table. Lofty fees for the firm's open-end and exchange-traded funds are a weakness, contributing negatively to Private Capital Management's rating and creating a larger performance hurdle. The firm's fund fees, on average, fall within the second most-expensive quintile of similarly distributed strategies.
In a competitive industry, Private Capital Management does n't differentiate itself enough, leading to an Average Parent Pillar rating.