2001 Press Releases

Brinker Capital Selects FOLIOfn’s Institutional Platform to Meet Growing Demand


KING OF PRUSSIA, Pennsylvania and VIENNA, Virginia – Brinker Capital (www.brinkercapital.com), the nation’s oldest independent provider of managed account services for investment advisors, has chosen FOLIOfn as a back-office trading, custody, and accounting platform for Brinker Capital’s managed account programs. Brinker Capital, with over $3 billion in assets under advisement, provides financial advisors with access to world-class investment managers and works with advisors to develop customized investment strategies for their clients. FOLIOfn Institutional, a division of FOLIOfn, offers a wide range of services for financial professionals and institutions, including an efficient and flexible way to offer managed accounts using the company’s totally integrated operating platform.

Brinker Capital’s selection of FOLIOfn followed an exhaustive evaluation of alternative ways to provide the best and most efficient managed account platform. “The managed account business is continuing to grow at a rapid pace,” said Charles Widger, President and CEO of Brinker Capital. “We have spent the last few years significantly increasing front-end technology to support advisors and their clients. In addition to adding sophisticated online reporting capabilities, we have recently introduced the Brinker Capital ProGen System as a turn-key online proposal generation system for investment advisors. Now, with FOLIOfn, our front-end systems will be fully integrated with its back office operations. We analyzed numerous systems and we concluded that FOLIOfn has the best technology. We are excited that FOLIOfn shares a similar vision for the use of technology to meet the changing needs of investment advisors.”

“We’re proud to work with a company that has such a well-deserved national reputation for excellence,” said Steven Wallman, founder and CEO of FOLIOfn. “More and more investors want the tax efficiency, the control and the customization they get from being invested in a portfolio of securities that is managed with their needs in mind. In order to meet this demand, advisors are turning to program sponsors like Brinker Capital because of their commitment to helping advisors provide customized investment strategies to meet the unique needs of each client.”

“Our platform provides the efficient and flexible back-office support Brinker Capital needs to expand its managed account programs,” explained Jim Vitalie, President of FOLIOfn Institutional. “Through this relationship with FOLIOfn, Brinker Capital can now provide managed accounts service to a far larger number of advisors and their clients than ever before.”

Managed accounts, also referred as separate accounts or wrap accounts, are individual accounts that are offered through investment advisors and are managed by professional money managers. With managed accounts, investors directly own individual securities in their portfolios and therefore can benefit from greater tax efficiency and control over their holdings.

About Brinker Capital

Founded in 1987 by Charles Widger, Brinker Capital is an independent investment consulting firm and provider of managed account services. With over $3 billion in assets under advisement, Brinker Capital works with financial advisors to meet the investment needs of a broad range of individual and institutional investors. Brinker Capital was founded on the principle that no two investors are alike, and on the strong belief that all investors should have access to customized investment services that were once only available to the largest institutions. Brinker Capital offers investment manager due diligence, asset allocation, and client communications services, all designed to help financial advisors meet the investment needs of their clients.

About Folio Investing

Folio Investing, a division of FOLIOfn Investments, Inc., is an online brokerage that enables investors to manage stocks, ETFs, and mutual funds as integrated investment portfolios called “Folios” that deliver better control, greater transparency, and lower cost. Investors can create their own Folios, much like creating personalized ETFs or mutual funds, or invest in over 100 Ready-to-Go Folios representing market indices, sectors, geographical regions, target dates, and more. The Folio Unlimited Plan features unlimited commission-free trading in twice-daily windows for only $29 a month or $290 a year. Ready-to-Go Folios can be managed or unmanaged, are not registered investment companies, and are offered by FOLIOfn Investments, Inc., a registered broker-dealer. FOLIOfn Investments, Inc. does not provide investment, tax, or legal advice. FOLIOfn Investments, Inc., is a member of FINRA/SIPC.