In its 10th anniversary, Brinker Capital is also able to celebrate huge sales growth for 2004. Last year, the company's mutual fund assets in its Destinations adviser-sold fund family more than trebled from $247 million at the end of 2003 to $764 million at the end of 2004.
"Many factors have gone into Destinations' rise over the past few years, even in the face of often extremely difficult market circumstances," said John Coyne, president. "But it seems clear that the real story here is our disciplined investment process and our proven investment performance."
One factor that has driven advisers to use Destinations is service; the company helps them structure portfolios for clients. "Those who turn to us for such assistance are provided with superb due diligence on mutual fund families and exposure to an ever-expanding array of asset classes and styles," said Lee Dolan, national sales director.
Dolan also added that Brinker offers advisers a direct relationship with a high-quality manager. Many of the best managers will not enter into sub-adviser relationships, Dolan added. "It is important to understand that many of the world's top managers will not participate in sub-advisory agreements utilized by some competing fund providers," he said.