Ex-Brinker execs launch firm catering to RIAs and foreign banks looking to start RIAs

Ex-Brinker execs launch firm catering to RIAs and foreign banks looking to start RIAs
Jason Moore and John Coyne have high hopes for their three-pronged business model at Ategenos Capital.
MAY 09, 2023

A dozen alumni from Brinker Capital have joined forces to launch Ategenos Capital, a unique business that's designed to help foreign financial institutions enter the U.S. advisory space, and is also developing its own model portfolios for advisors to use.

More than a year in the making, the Berwyn, Pennsylvania-based firm is going live as the executives' noncompete agreements expire.

Of Ategenos' three business lines, its asset management solutions will compete most directly with the Brinker model of a turnkey asset management platform.

Once the company is registered with the Securities and Exchange Commission as a registered investment advisor, it will provide discretionary investment models to RIAs and broker-dealers via other investment platforms. But Ategenos won't operate its own TAMP, company executives said.

“Our primary business is what we’ve all done in the past, investment solutions,” said Chief Executive Jason Moore. “We’re looking to put our solutions on industry-leading platforms.”

The second business line, wealth management services, will cater to the concentration of foreign financial institutions setting up shop in South Florida, aiming to get a foothold in the U.S. wealth management market.

“There are over 200 foreign banks that have set up U.S. bases in Miami over the past two years, and they are looking to create SEC-governed RIAs,” said John Coyne, Ategenos chairman.

Coyne said the foreign banks and financial institutions want to establish RIAs in the U.S. to create an opportunity for their clients who want to send money to the U.S. for safety, but they're also seeking to capture growth from new clients in the U.S. marketplace. 

The third business line is OCIO services, which provides consultative and sub-advisory services to RIAs looking to outsource their investment management functions. This could include creating white-labeled investment portfolios, as well as providing advice on governance and fiduciary framework.

Ategenos may also work with asset management firms that would like to offer model portfolios on industry platforms but may not have multi-asset class investment teams to create those solutions.

“I am excited about the opportunities ahead for Ategenos Capital,” said Coyne, who co-founded Brinker Capital and spent most of the past five years as chairman of Spouting Rock Asset Management.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.