Brinker Capital

What Brinker Capital does

Brinker Capital is the proprietary investment management division of Orion, operating under the legal entity Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments. The firm delivers actively-managed multi-asset portfolios and the Destinations Funds suite to financial advisors, broker-dealers, family offices, banks, and trust companies, functioning as the in-house investment manager on Orion's broader turnkey asset management platform (TAMP). Its core product is Destinations Funds — institutional-grade multi-asset portfolios designed to keep clients invested across market cycles — distributed both through Orion's Advisor and Client Portals and via Foreside Fund Services for the mutual fund share class.

The underlying technology stack is the Orion platform itself: portfolio construction, model delivery, rebalancing, reporting, and risk management flow through the Advisor Portal, the Denali Data Layer, and connected risk and compliance modules. Brinker does not operate standalone technology; it is integrated into Orion's wealthtech ecosystem alongside Redtail (CRM), TownSquare Capital (OCIO), and Uptiq-powered Cash and Credit. Distribution is sales-led, leveraging Orion's enterprise field sales force, direct advisor portal access, and the Foreside third-party fund distribution relationship.

The business model is a recurring, fee-based TAMP revenue model. Brinker charges investment management fees on assets placed in its proprietary portfolios and Destinations Funds, with revenue tied to AUM levels on the Orion Wealth Management platform (reported at $185B total). Pricing is not publicly disclosed and is quote-based, varying by client size and AUM. The company reports strong retention (95% year-over-year) and meaningful advisor asset growth (62.1% average for OCIO clients, firm-weighted, Q2 2018–Q1 2025), underscoring the durability of its fee stream within the Orion ecosystem.

Name

Brinker Capital

Legal name

Orion Portfolio Solutions, LLC

Website

https://clients0.brinkercapital.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Brinker Capital Investments, operating as Orion Portfolio Solutions, LLC, is Orion's proprietary investment manager providing actively-managed multi-asset portfolios and the Destinations Funds suite to financial advisors, broker-dealers, family offices, and banks via Orion's TAMP platform.

Ownership category

akta.pro rank

Product category

Investment Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Profile Model Portfolios (FSAAAJAD)

akta.pro secondary industries

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG), Financial Planning–Led RIAs (FSAAACAB)

Keywords

• Managed account programs
• Multi-asset portfolios
• Turnkey asset management
• Investment management services
• Mutual fund investment

Headquarters

HQ city

Berwyn

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees (TAMP/Fee-based): Brinker Capital generates revenue as part of Orion Portfolio Solutions' turnkey asset management platform, charging fees for proprietary diversified portfolios and the Destinations Funds suite. Services are provided to financial advisors who access the platform on behalf of their clients.
2. Fund Distribution (Destinations Funds): The Destinations Mutual Funds are distributed by Foreside Fund Services, LLC. Revenue is generated through fund management fees and potentially distribution-related arrangements.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Brinker Capital Investments is a proprietary investment manager that delivers actively-managed multi-asset portfolios and the Destinations Funds mutual fund suite to financial advisors through Orion's turnkey asset management platform (TAMP). Operating as a d/b/a of Orion Portfolio Solutions, LLC, the firm provides fully outsourced, institutional-grade investment management solutions that allow advisors to keep clients invested across market cycles.

Product overview

Brinker Capital Investments is Orion's proprietary investment manager (d/b/a Orion Portfolio Solutions, LLC, an SEC-registered investment advisor) that delivers actively-managed multi-asset portfolios and the Destinations Mutual Funds suite. As part of Orion's fully outsourced turnkey wealth management tier, Brinker Capital provides institutional-grade investment management that runs end-to-end, enabling advisors to offer diversified portfolio strategies without managing investment delivery internally.

Differentiator

Problem solved

Functional benefit

Brands

• Destinations Funds: Actively-managed multi-asset portfolios and mutual funds offered through Brinker Capital Investments, designed to help advisors stay invested across market cycles.

Products and services

• Brinker Capital Investments (Proprietary Investment Management)
• Destinations Funds Actively-managed multi-asset portfolios and mutual funds offered by Brinker Capital Investments, providing institutional-grade, fully outsourced investment solutions to help advisors keep clients invested across market cycles. Includes Destinations Mutual Funds distributed by Foreside Fund Services, LLC.

Quantifiable outcome

• 62.1% average growth for OCIO clients (including proprietary investment solutions)
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Three partnerships are on record, tiered core and flagship.

• Foreside Fund Services, LLCcoreChannel Partner/ Reseller/ DistributorForeside Fund Services, LLC serves as the distributor for the Brinker Capital Destinations Mutual Funds. This distribution partnership enables broad market access for Brinker's proprietary investment products through Foreside's distribution network.
• Orion Portfolio Solutions (OPS)flagshipStrategic or Co-development PartnerBrinker Capital Investments operates as Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments. This is the primary operating entity through which proprietary investment management services are provided as part of Orion's integrated wealth management platform.
• TownSquare Capital, LLCcoreStrategic or Co-development PartnerTownSquare Capital provides OCIO (Outsourced Chief Investment Officer) services as part of Orion Wealth Management. As affiliates under Orion Advisor Solutions, TownSquare and Brinker work together to deliver comprehensive investment management solutions across the engagement spectrum.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Envestnet: Large-scale turnkey asset management platform serving RIAs and broker-dealers with multi-asset model portfolios, managed accounts, and unified advisor technology — directly comparable to Brinker/Orion's TAMP offering.
• SEI Investments: Provides turnkey asset management programs, multi-asset model portfolios, and outsourced investment solutions to advisors and institutional clients — a long-standing TAMP and multi-asset peer to Brinker Capital.
• AssetMark: TAMP and wealth management platform offering multi-asset model portfolios and managed account solutions to RIAs, directly overlapping with Brinker's Destinations Funds and TAMP distribution model.

Broad incumbents

• Orion Portfolio Solutions: The parent-aligned TAMP under which Brinker Capital Investments operates; comparable as the broader open-architecture platform that distributes and houses Brinker's proprietary investments.
• Fidelity Institutional Wealth Services: Custodian-led wealth management and managed account solutions business serving RIAs and wealth firms with multi-asset portfolios and operational infrastructure — broad incumbent peer in the same TAMP/multi-asset space.
• Schwab Managed Account Solutions: Custodian-affiliated TAMP and managed account platform that competes with Orion/Brinker for advisor wallet share, including multi-asset and direct-indexing offerings.
• Cetera Financial Group: Broker-dealer and wealth management firm with proprietary model portfolios and advisor TAMP capabilities, comparable as a multi-channel buyer and competitor of outsourced investment management solutions.
• LPL Financial: Large broker-dealer with internal TAMP, model marketplace, and multi-asset portfolio capabilities serving thousands of advisors, comparable in distribution scale and outsourced investment management.

Emerging players

• Morningstar Wealth (Morningstar Investment Management): Multi-asset model portfolios and managed account offerings targeting advisors, with overlap in multi-asset and OCIO services where Brinker Destinations Funds compete.
• TownSquare Capital: OCIO affiliate under Orion Advisor Solutions delivering outsourced CIO services; comparable because it competes in the same outsourced investment management engagement layer that complements Brinker's multi-asset portfolios.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/brinkercapital
• Facebookfacebook.com/brinker-capital-299285133422749
• LinkedInlinkedin.com/company/brinker-capital

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brinker Capital