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Rating:MF Wrap Hits Billion Mark Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 01, 2005

MF Wrap Hits Billion Mark

by: Sean Hanna, Editor in Chief

Brinker Capital has gathered more than $1 billion of assets in its mutual fund wrap program. The Berwyn, Pennsylvania-based firm offers the Destinations mutual fund wrap program through 850 financial advisors.

Assets in the decade-old program tripled in 2004 from $247 million at the end of 2003 to just over $1 billion as of the close of market May 20, 2005, according to Brinker Capital officials. The mutual fund wrap offers advisors 10,000 funds and 12 investment strategies.

Much of the growth is accounted for by the growing number of financial advisors using Destinations. That number grew from 235 at the end of 2003 to more than 850 today.

Lee Dolan, a Brinker Capital principal and national sales director said that advisors see the value in working with Brinker to help structure portfolios for clients. The program offers 12 investment strategies: Capital Preservation-Taxable, Capital Preservation-Qualified, Capital Income & Growth-Taxable, Capital Income & Growth-Qualified, Balanced Income, Capital Growth & Income-Taxable, Capital Growth & Income, Qualified, Capital Growth-Taxable, Capital Growth-Qualified, Aggressive Capital Growth-Taxable, Aggressive Capital Growth-Qualified and Aggressive Equity Capital Growth.  

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