It is too nascent to prove whether it has an edge over peer asset managers, earning it a Below Average Parent Pillar rating. The firm currently manages eight vehicles, with a total of$ 372.3 million under management across a group of five portfolio managers. The management team at Brookstone Asset Management is unproven. Because the team members average just over four years in the industry, there's reason to be cautious until they grow more seasoned. The firm's earliest portfolio manager hire, Mark W. Diorio, has 17 years of industry experience.
High costs for open-end and exchange-traded funds at Brookstone Asset Management represent a stiff headwind to performance. The firm's average net expense ratio for its funds is within the second-costliest fee quintile compared with peer asset managers.
As Brookstone Asset Management builds and continues to develop a track record, its rating will be adjusted accordingly.
United States