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 Capital’s 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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.