Brinker Capital and Orion Advisor Solutions to Merge
From Brinker Capital:
I am pleased to share some exciting news: Brinker Capital has entered into a merger agreement with Orion Advisor Solutions (Orion). A press release announcing this development can be found here.
This strategic partnership with Orion will provide Brinker Capital with the additional capital and expertise necessary to accelerate our future growth strategy by broadening our wide range of investment products and solutions, expanding distribution, enhancing our market-leading technology, and strengthening our best-in-class service for the benefit of financial advisors and investors.
To help with client conversations:
1. Register for the webinar
Wednesday, July 15 at 2:00 PM ET
2. View the FAQ
Orion is a highly experienced investor in financial services platforms and we share a strong cultural alignment and commitment to providing excellence in investment management and advisor support.
For you, our valued advisors, this means very little will change. You will engage with us tomorrow in the same way you do today and interact with your same sales and client service team members. While Chuck Widger will transition into an advisory role, a position he has largely maintained for the past several years, the executive management team, including me, will remain in place.
We are confident the additional management and operational expertise offered by Orion, coupled with their capital support, will allow Brinker Capital to capitalize successfully on future opportunities and navigate this next phase of growth.
Since our founding, Brinker Capital has evolved into one of the largest investment management companies with a nationwide presence and a 25-year multi-asset class performance record, all predicated on being good stewards of our investors’ wealth and providing unparalleled service to you and your clients. We could not have done this without you, and I want to thank you for the continued trust you place in Brinker Capital.
Lastly, we will host two webinars to provide additional information about the merger with Orion for you and your clients. Hear from Chuck Widger and Noreen Beaman on Tuesday, June 30 at 4:30 PM ET and Noreen Beaman and Eric Clarke on Wednesday, July 15 at 2:00 PM ET.
Thank you for your business. We look forward to serving you even more fully in the future.
Best,
Noreen D. Beaman
Chief Executive Officer
For financial advisor use only.
Brinker Capital, Inc. a registered investment advisor.
1055 Westlakes Drive, Suite 250 | Berwyn, PA 19312 800.333.4573
Lord Abbett Automatic Conversion Policy
Lord Abbett will be reducing the age of its Class C Share Funds to be eligible for auto-conversion to Class A shares from 10 years to 8 years, effective June 30, 2020.
- Conversions will occur after the 8th anniversary of the purchase of the Class C share assets.
- Conversions will take place on the 25th day of the month (or, if the 25th is not a business day, the next business day thereafter) following the 8th anniversary of the month on which the purchase order was accepted.
- The first conversion of Class C to Class A shares under this new policy will take place on July 27, 2020 for all Class C shares that were held for more than eight years as of June 30, 2020.
- For Networked accounts, NSCC will show the conversion as transaction type 22, (share class exchange), on the Networking Activity detail record file (F55 Record).
- Shares acquired through reinvestment of dividends or capital gain distributions will roll proportionately.
- Please see the prospectus supplement dated May 29, 2020 for further details regarding this conversion policy.
TC115425(0720)1