King of Prussia, Pa.-based Brinker Capital, in an addition to its Destinations mutual fund platform, has added a balanced income strategy, primarily aimed at retirees.
The balanced income strategy is designed to help boost retired investors income while keeping them ahead of inflation. The portfolio will be geared mostly toward equities, and a value-style approach will be applied. The smaller but still-prominent fixed-income portion will keep a high current income bias.
"The addition of the balanced income strategy to Brinker Capitals Destinations program is designed particularly for older investors, including the 76 million Baby Boomers who will reach age 65 over the next 10 years," said Brinker President John Coyne.