Six Circles

One notable advantage of Six Circles is its below-average fees. On average, the firm's open-end and exchange-traded fund fees fall in the cheapest quintile of category peers. A negative contributor to Six Circles's rating is its lower-than-average portfolio management retention over the past five years, as elevated turnover bears watching. Six Circles's longest-tenured managers do not possess comparable experience as teams at other firms, a cause for concern. Specifically, average tenure within the firm is five years. As such, there is less confidence in the group's ability to manage capital through a full market cycle effectively.