CheckFree Investment Services has announced that Brinker Capital will run its managed accounts business on CheckFree APL through 2010.
Brinker Capital currently runs its separately managed accounts and mutual fund programs on CheckFree APL. Separately managed account programs enable investors to directly own individual securities selected by one or more investment managers. Managed mutual fund programs provide investors with a portfolio of mutual funds. Both types of programs are rapidly growing segments within the managed money industry. Brinker Capital also plans to leverage CheckFree’s multiple strategy portfolios functionality. Multiple strategy portfolios allow investment styles from multiple managers to be included in a single account.
“CheckFree APL has actively supported Brinker Capital’s product expansion and growth in assets under management since 1995,” said Alex Marasco, CheckFree Investment Services executive vice president and general manager. “CheckFree EPL, through its enhanced workflow capabilities and architectural design that seeks to minimize operating costs, will enable Brinker Capital to further scale its business over the next five years and beyond.”
Since its first year on CheckFree APL, Brinker Capital has seen its business grow by assets under management from less than $1 billion to close to $5 billion. Brinker Capital has also increased the number of third-party manager investment disciplines in its programs from less than 25 in 1995 to approximately 95 currently.
“CheckFree APL has been good for our business and CheckFree Investment Services is moving in the right direction with CheckFree EPL,” said Tim Henry, Brinker Capital chief operating officer. “CheckFree EPL will be a highly accessible platform for our web-based business. Its intuitive, user interface will greatly speed the processing of updates; we like what we see coming down the pike with CheckFree EPL.”