Contact:
Juliann Jaffe
Brinker Capital
610-407-8320
jjaffe@brinkercapital.com

Scott Sunshine
TowersGroup
212-354-5020
scottsunshine@towerspr.com

Brinker Capital Takes Retirement Plans to Attractive “Destinations”

New Advisor-Sold Program Features Six Funds-of-Funds

BERWYN, Penn., October 2005—Brinker Capital, the largest independent provider of managed account and mutual fund services, has launched its Retirement Plan Services program. Offered only through financial advisors, the Brinker program combines objective investment options with high-quality administration and participant support for 401(k), 403(b) and 457 structures.
Investment choices in Brinker Retirement Plan Services include six managed mutual fund portfolios from the firm’s successful Destinations program. Each Destinations portfolio pursues a distinct investment objective, implemented with a group of mutual funds selected through Brinker’s due diligence process and regularly monitored and evaluated. The six Destinations portfolios offered in Brinker’s Retirement Plan Services range on the risk-return scale from Capital Preservation to Aggressive Equity Capital Growth.
“Based on financial advisor demand, Brinker Capital is now offering its successful managed mutual fund program, ‘Destinations,’ to the self-directed retirement plan market,” said John Ring, Managing Director of Retirement Plan Services with Brinker Capital. “The Destinations program offers participants instant asset allocation and diversification among non-proprietary mutual funds. These institutional-quality investment choices are coupled with state-of-the-art recordkeeping and plan administration, creating a superior, full-service retirement plan option.”
To qualify for inclusion in Destinations portfolios, mutual funds must meet the due diligence standards imposed by Brinker Capital, which constructs the portfolios according to a disciplined, documented and objective asset allocation process with no bias toward any fund or fund family. Retirement plan participants benefit from broad diversification within and across asset classes and a 10-year track record of solid performance.

Automatic Rebalancing and Ongoing Evaluation
A key feature of the Destinations program is that it is a “managed” mutual fund program, meaning portfolios are actively rebalanced to maintain target allocations and managers are replaced if they no longer meet Brinker’s investment criteria. Currently, 17 different investment management firms manage assets in the Destinations portfolios which include 19 investment styles.
Mr. Ring noted that plan sponsors are concerned with the lack of participant diversification and that 80 percent never rebalance their accounts. According to Mr. Ring, Brinker Capital’s Destinations program is a “next generation” solution to addressing plan sponsor and participant concerns.

First Rate Recordkeeping, Administration and Participant Support
Brinker Capital has engaged Professional Capital Services (PCS) as recordkeeper for the plans in its program. Plan sponsors have the choice of a fully bundled plan, or they can use a local
third-party administrator. PCS will also provide advisors with participant education tools. Brinker provides a questionnaire that helps determine the appropriate Destinations choices. Support
services include 24/7 account access to account information via telephone and the Internet. “PCS was chosen on the basis of deep experience and responsive service,” Mr. Ring said. “This partnership will add value for every plan participant.”
See attached table for more information about each of the Retirement Plan Services Program Destinations portfolios.

About Brinker Capital Management
Founded in 1987 by Charles Widger, Brinker Capital is an investment consulting firm and provider of managed account and mutual fund services. Located in suburban Philadelphia, Brinker Capital is the oldest and most experienced independent provider of managed account investment programs in the country. With $5 billion under management in its mutual fund and separately managed account programs, the company works with financial advisors to meet the investment needs of a broad range of individual and institutional investors. Visit the Brinker website at www.brinkercapital.com

About Professional Capital Services, LLC
PCS was founded by the tax and ERISA attorneys at Dilworth Paxson, LLP, a 70-year-old Philadelphia-based law firm, to provide sophisticated retirement programs for the corporate, professional and governmental markets. PCS specializes in creating customized 401(k) plans, profit sharing arrangements, money purchase pension plans and executive-level non-qualified deferred compensation programs. PCS offers its services only through partnerships with advisory firms, broker-dealers, mutual fund companies, TPAs and CPAs to offer a complete retirement program, including investment advisory services, customized education materials, a robust plan and participant website, account recordkeeping, and all-inclusive plan administration. For more information about PCS, please visit www.ManagedPlan.com