One area of strength is the firm’s favorable fees for open-end and exchange-traded funds, demonstrating a firm-wide commitment to minimizing costs and maximizing investors’ returns. Fees for funds are, on average, within the cheapest quintile of similarly distributed strategies. Portfolio manager turnover at Sofi has been low since the firm's inception, building confidence that the firm is working to establish a stable and engaging culture. An average tenure of only three years among the longest-tenured managers at Sofi is concerning. In isolation, seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions.
Sofi's track record as a steward is mixed, leading to an Average Parent Pillar rating.