Portfolio managers at Strategic Asset Management tend not to invest alongside their shareholders, detracting from the overall stewardship assessment. None of the firm’s assets are covered by an invested manager. 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 highest 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. With an average overall Morningstar Rating of 5.0 stars across its lineup of open-end and exchange-traded strategies, the firm has demonstrated its ability to deploy capital successfully for investors. The metric measures the average risk-adjusted performance of an asset manager's product shelf.
Strive Asset Management vs. Engine No. 1: How Did the Activists Vote?
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