Berwyn-based Brinker Capital, which provides advisors with asset management technology and services, is on the market, writes Luisa Beltran for Barron’s.

Moelis & Co. is advising the process that is now in its second round. The company is expected to sell for more than $750 million.

Brinker provides a turnkey asset management platform (TAMP) that is used by financial advisors, broker-dealers, and law firms, among others. This helps wealth managers focus on their core functions, such as meeting with customers.

Brinker currently has $25.3 billion in assets under management. The company employs 168 investment and service professionals and supports more than 5,500 financial advisors. Three years ago, it launched a series of multi-manager mutual funds, which secured it a spot on the Barron’s 2019 list of top fund families.

The company was started in 1987 by Charles Widger, Brinker executive chairman, Noreen Beaman, Brinker CEO, and John Coyne, who is currently the chairman of Spouting Rock Asset Management.

Founded in 1987, Brinker competes with significantly larger firms, including AssetMark Financial Holdings and Envestnet.

Read more about Brinker Capital in Barron’s here.

[uam_ad id=”80503″]

.

[uam_ad id=”80502″]