Banco Popular de Puerto Rico

The firms have grabbed some three-fourths of the announced incoming advisors, as the pandemic cuts into valuations and casts uncertainty.

“These funds got an assist from the Fed when they were told they would backstop the higher end of the high-yield credit industry,” an expert says.

The holdings in these top-performers “are companies that will be replaced, from a performance standpoint, over the next decade,” an expert says.

Analysis of their performance — and fees — may reveal some surprises.

The decade’s top-performers have produced returns of more than four-times their industry peers this year.

The CARES Act will play a critical role, according to Grant Thornton.

The group of fee-only practices and networks have 1,187 IARs who manage a combined $95.7 billion.

Among the decade’s worst performers — those with more than $1 billion in assets under management — were a handful of products with stellar short-term returns.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

Fees among the leaders range from as little as two basis points to as high as 125 basis points.