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

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.