Media
Graduates from US Coast Guard Academy and embarks on five years of active duty service in US Coast Guard
1996
Brian Storey on diversification and risk
As an officer in the US Coast Guard, Brian Storey, head of discretionary portfolios at Brinker Capital Investments, learned how to handle intense pressure while cutting through the noise to make crucial decisions. Now he applies the same disciplined approach to navigating the complexities of multi-asset-class investing.
“Grace under pressure” was more than just a phrase during his time in the Coast Guard; it was essential to success. Whether overseeing operations or managing challenging situations, Storey developed the ability to prioritize key information and take action with precision. That mindset continues to shape his investment strategy. “It’s all about processing a flood of data, figuring out what’s important, and making the best decision,” he says.
Brinker Capital Investments, the brand behind Orion’s proprietary investments arm, has been pivotal to expanding the firm’s capabilities. Since partnering in 2020, Brinker Capital and Orion have significantly increased scale and enhanced their offerings. This partnership reinforces their focus on providing advisors with the resources to keep investors engaged and
positioned for long-term success.
As the head of discretionary portfolios, Storey oversees the full spectrum of the multi-asset investment process from asset allocation to manager research to portfolio construction. His primary goal is to deliver compelling returns while minimizing surprises for advisors and their clients. A cornerstone of his strategy is diversification, both at the asset-class level and within each asset class.
For some investors, the 2008 financial crisis left them questioning the effectiveness of diversification. Watching nearly every asset class collapse, many concluded that simply spreading money across different investments was no longer a reliable way to protect wealth.
Today, however, many wealth managers are drawing a different lesson. They believe diversification still works, but that it needs to be applied more broadly and strategically. Too often, investors assumed they were diversified by adding a few bonds to a stock-heavy portfolio or making a small allocation to international stocks.
While traditional assets remain important, they are no longer sufficient on their own to provide the level of diversification needed in today’s market.
“Diversification really is the ‘free lunch’ in investing,” Storey says. His multi-manager approach enables Brinker Capital to blend different active managers who each bring unique strengths to the table. This combination, when constructed in a risk-balanced manner, enhances the consistency of longer-term outcomes without sacrificing any of the alpha potential of the underlying managers.
When it comes to real assets, Brinker Capital takes a broad view. “We consider real estate – primarily listed REITs, both US and international – along with infrastructure, natural resource equities, and commodities,” Storey notes. Each of these asset classes has different dynamics, offering distinct return and risk drivers compared to traditional equity and fixed income.
But how do these asset classes contribute to both alpha generation and risk mitigation? Storey explains that the combination of diversified and uncorrelated assets creates a balanced portfolio that offers lower volatility without sacrificing returns. “Our portfolios often exhibit lower volatility than their peers or blended benchmarks, not because we target a low-risk profile, but because of our focus on maximizing the benefits of diversification in our portfolio construction,” he says.
The real value lies not just in identifying high-alpha potential strategies, but in understanding the underlying return and risk dynamics of each so that when we blend these managers together, we can be confident that their forward returns will have fairly low correlations with each other. “The key is to combine active managers with different styles and approaches, with an emphasis on strategies that we believe have a structural advantage, such as concentrated portfolios, high-conviction strategies, or other strategies with a unique edge,” Storey adds. Conversely, relying on a single active manager for an entire asset class can be risky, as even the most successful long-term managers tend to
have periods of up to two years in which they underperform benchmarks and peers; these extended periods of underperformance can tempt investors to make emotional decisions and exit at the most worst possible times.
By employing a multi-manager approach, Brinker Capital is able to mitigate this risk, providing a behavioral advantage for investors. Storey explains, “With a risk-balanced multi-manager strategy, we spread the risk, helping investors stay the course and benefit from the power of long-term compounding of returns.”
Storey works closely with the broader due diligence team at Orion Portfolio Solutions to identify managers and strategies that fit within the firm’s portfolios. However, the flexibility of the sub-advised structure used within the Destinations portfolios also provides a wider universe of potential strategies. “We’re not beholden to off-the-shelf retail strategies.” Storey adds. This allows Brinker Capital to incorporate customized strategies that can fit specific portfolio objectives, such as adapting a hedge fund strategy to fit within a 40 Act vehicle or introducing a global high yield strategy previously available only in overseas markets. “It’s all about turning over a lot of rocks to find the gold nuggets,” Storey says.
Spotlight
Storey has been a strong advocate for expanding beyond traditional stocks and bonds. Incorporating other asset classes has allowed Brinker Capital to offer a more diverse set of portfolios, particularly when navigating volatile markets. In fact, diversifying asset classes have been a hallmark of Brinker Capital’s flagship Destinations portfolios throughout their nearly 30-year history. This suite of risk-based portfolios incorporate a forward-looking dynamic asset allocation approach, a healthy allocation to diversifying asset classes, and a risk-balanced multi-manager implementation for active management.
Storey emphasizes three key areas for portfolio diversification: alternatives, global credit, and real assets. “These asset classes fit within what we consider our diversifying building block alongside more traditional growth (equity) and stable (core fixed income) asset classes,” he explains. Alternatives, which generally have a lower-volatility profile but with little traditional duration exposure, serve as an offset to core fixed income. In global credit, Storey’s team looks to US and international high yield, emerging markets debt, and corporate credit—non-core fixed income assets that broaden the investment landscape and offer additional diversification benefits.
Orion is a premier provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to prospect, plan, invest, and achieve within a single, connected, technology-driven experience. Combined, our brand entities, Orion Advisor Tech, Orion Portfolio Solutions, Brinker Capital Investments, Redtail Technology, and Orion OCIO, create a complete offering that empowers firms to attract new clients seamlessly, connect goals more meaningfully to investment strategies and outcomes, and ultimately track progress toward each investor’s unique definition of financial success. Orion services $4.3 trillion in assets under administration and $68.3 billion of wealth management platform assets (as of March 31, 2024) and supports over six million technology accounts and thousands of independent advisory firms. Today, 12 out of the Top 15 Barron’s RIA firms1 rely on Orion’s technology to power their businesses and win for investors. Learn more at Orion.com.
Company Profile
#1
Orion’s rank for best TAMP technology by America's Best TAMPS 2024 (Source: Wealth Advisor, “America’s Best TAMPS 2024”)
$68.3B
Wealth Management Assets (as of March 31, 2024)
43%
Number of technology client accounts (as of March 31, 2024)
$4.3T
Platform assets (as of March 31, 2024)
#12
Number of Barron’s independent advisory firms relying on Orion technology, out of the top 15 (Source: Barron’s “2023 Top 100 Independent Advisors”)
Bio
Spotlight
Milestones
Media
Company Profile
Years of Experience
20+ years
Favourite quote
“The history of markets is one of overreaction in both directions”
Career highlight
While on the USCGC Eagle, I “kissed the pennant” – the flag at the top of the 150-foot mast
Brian Storey
Head of Multi-Asset Solutions at Brinker Capital Investments
Why alternatives, global credit, and real assets are the key to Brinker Capital’s winning strategy
Read on
“The key is to combine active managers with different styles and approaches, with an emphasis on strategies that we believe have a structural advantage, such as concentrated portfolios, high-conviction strategies, or other strategies with a unique edge”
Brian Storey,
Brinker Capital, a brand entity of Orion Advisor Solutions
“Our portfolios often exhibit lower volatility than their peers or blended benchmarks, not because we target a low-risk profile, but because of our focus on maximizing the benefits of diversification in our portfolio construction”
Brian Storey,
Brinker Capital, a brand entity of Orion Advisor Solutions
Share
2017 Hot List Recipient
2020 Hot List Recipient
2021 CEO of the Year
Accolades
Media
Milestones
2011
2012
2015
2016
2019
2021
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2012
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2015
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2016
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2019
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2021
Brian Storey on diversification and risk
Karen Adams has had a remarkable journey to her current role as CEO of Fundserv. Originally from Toronto, Adams earned a bachelor’s degree in mathematics and economics at Queens University, followed by an MBA in international finance at the University of British Columbia. After graduating, she set off across the globe, holding various positions with HSBC that took her to London, Dubai, Hong Kong, Beijing, Shanghai, Seoul and Mumbai.
That global experience gave Adams a unique perspective, prompting her to develop a leadership style that’s based on developing relationships with each individual, listening and understanding to help them reach their potential. That approach goes well beyond her own team, allowing Fundserv to succeed in creating solutions for its members.
“Having worked in many different countries, people ask if I am an expert in multicultural leadership,” Adams says. “I always say there is no such thing because that assumes you manage people based on their background. I have learned that people all want the same things: to develop our careers, give our kids a good future, etc. When she returned to Canada learned that people all
As the head of discretionary portfolios, Storey oversees the full spectrum of the multi-asset investment process from asset allocation to manager research to portfolio construction. His primary goal is to deliver compelling returns while minimizing surprises for advisors and their clients. A cornerstone of his strategy is diversification, both at the asset-class level and within each asset class.
For some investors, the 2008 financial crisis left them questioning the effectiveness of diversification. Watching nearly every asset class collapse, many concluded that simply spreading money across different investments was no longer a reliable way to protect wealth.
Today, however, many wealth managers are drawing a different lesson. They believe diversification still works, but that it needs to be applied more broadly and strategically. Too often, investors assumed they were diversified by adding a few bonds to a stock-heavy portfolio or making a small allocation to international stocks.
While traditional assets remain important, they are no longer sufficient on their own to provide the level of diversification needed in today’s market.
“Diversification really is the ‘free lunch’ in investing,” Storey says. His multi-manager approach enables Brinker Capital to blend different active managers who each bring unique strengths to the table. This combination, when constructed in a risk-balanced manner, enhances the consistency of longer-term outcomes without sacrificing any of the alpha potential of the underlying managers.
From those forums, a common theme arose that has plagued the industry for years: the amount of paper required in transactions.
“We have a motto to ‘axe the fax,’ and we saw this opportunity where members didn’t want their staff going into the office, but there are still physical cheques going back and forth,” Adams explains. “We put in place, in just six months, Ad-Hoc Money Movement [A$M]. We responded to the industry and are in the process of replacing cheques, which I think is awesome. We launched in January and have seen so much volume. We think ultimately we are keeping people healthier by not having to travel into the office.”
But how do these asset classes contribute to both alpha generation and risk mitigation? Storey explains that the combination of diversified and uncorrelated assets creates a balanced portfolio that offers lower volatility without sacrificing returns. “Our portfolios often exhibit lower volatility than their peers or blended benchmarks, not because we target a low-risk profile, but because of our focus on maximizing the benefits of diversification in our portfolio construction,” he says.
The real value lies not just in identifying high-alpha potential strategies, but in understanding the underlying return and risk dynamics of each so that when we blend these managers together, we can be confident that their forward returns will have fairly low correlations with each other. “The key is to combine active managers with different styles and approaches, with an emphasis on strategies that we believe have a structural advantage, such as concentrated portfolios, high-conviction strategies, or other strategies with a unique edge,” Storey adds. Conversely, relying on a single active manager for an entire asset class can be risky, as even the most successful long-term managers tend to
have periods of up to two years in which they underperform benchmarks and peers; these extended periods of underperformance can tempt investors to make emotional decisions and exit at the most worst possible times.
By employing a multi-manager approach, Brinker Capital is able to mitigate this risk, providing a behavioral advantage for investors. Storey explains, “With a risk-balanced multi-manager strategy, we spread the risk, helping investors stay the course and benefit from the power of long-term compounding of returns.”
Storey works closely with the broader due diligence team at Orion Portfolio Solutions to identify managers and strategies that fit within the firm’s portfolios. However, the flexibility of the sub-advised structure used within the Destinations portfolios also provides a wider universe of potential strategies. “We’re not beholden to off-the-shelf retail strategies.” Storey adds. This allows Brinker Capital to incorporate customized strategies that can fit specific portfolio objectives, such as adapting a hedge fund strategy to fit within a 40 Act vehicle or introducing a global high yield strategy previously available only in overseas markets. “It’s all about turning over a lot of rocks to find the gold nuggets,” Storey says.
While she’s proud of the strides Fundserv made in 2020, Adams acknowledges that it was a challenging time as a leader. Not only did she have to ensure Fundserv kept running efficiently as her team transitioned to working from home, but she was also filled with concern for her team members.
“I just worried about our employees, their mental health and if they would be OK,” Adams says. “I like to see people, so I set up one-on-ones just to connect with them.
Moving forward, Adams says Fundserv’s goals remain aligned with those of its members, and her team will continue listening and understanding what members need so the organization can evolve accordingly. She adds that she wants Fundserv to be so good at providing a secure and reliable service that members forget it’s there – and she wants the company to continue to inspire change in the industry.
“It is sad that it took a pandemic to recog-nize the cheque issue and solve it,” Adams says. “What we will do in the future is root out those things in the industry and not wait for a pandemic to ignite change. There is no reason we can’t change. Change, like auto-mation, will accelerate from now, and we’ll do our part to keep it going.”
Spotlight
Storey has been a strong advocate for expanding beyond traditional stocks and bonds. Incorporating other asset classes has allowed Brinker Capital to offer a more diverse set of portfolios, particularly when navigating volatile markets. In fact, diversifying asset classes have been a hallmark of Brinker Capital’s flagship Destinations portfolios throughout their nearly 30-year history. This suite of risk-based portfolios incorporate a forward-looking dynamic asset allocation approach, a healthy allocation to diversifying asset classes, and a risk-balanced multi-manager implementation for active management.
Storey emphasizes three key areas for portfolio diversification: alternatives, global credit, and real assets. “These asset classes fit within what we consider our diversifying building block alongside more traditional growth (equity) and stable (core fixed income) asset classes,” he explains. Alternatives, which generally have a lower-volatility profile but with little traditional duration exposure, serve as an offset to core fixed income. In global credit, Storey’s team looks to US and international high yield, emerging markets debt, and corporate credit—non-core fixed income assets that broaden the investment landscape and offer additional diversification benefits.
When it comes to real assets, Brinker Capital takes a broad view. “We consider real estate – primarily listed REITs, both US and international – along with infrastructure, natural resource equities, and commodities,” Storey notes. Each of these asset classes has different dynamics, offering distinct return and risk drivers compared to traditional equity and fixed income.
Fundserv is the indispensable connectivity hub for the Canadian investment industry. Headquartered in Toronto, we electronically connect Manufacturers, Distributors, and Intermediaries, enabling them to buy, sell, and transfer investment funds. With more than 100 employees, Fundserv serves hundreds of members—executing up to 63 million yearly network transactions—and provides online access to more than 70,000 investment fund products.
Established in 1993, Fundserv is a private corporation that is owned by the industry we serve. Our 10 shareholders are a cross-section of Manufacturers, Distributors, and Service Providers who represent our members.
We operate using a cost-recovery model, meaning any unused profit may be rebated back to our members. In addition to our network and applications, we lead and facilitate industry committees and working groups that promote automation initiatives and establish the industry’s electronic standards.
By ensuring every trade is processed timely, accurately, and securely, Fundserv has rightfully earned a reputation for service excellence—a hallmark of more than 25 years in the investment industry.
Company Profile
1983
Orion’s rank for best TAMP technology by America's Best TAMPS 2024 (Source: Wealth Advisor, “America’s Best TAMPS 2024”)
$68.3
Wealth Management Assets (as of March 31, 2024)
$4.3T
PROPORTION OF WOMEN AMONG FUNDSERV EMPLOYEES
43%
PROPORTION OF WOMEN IN LEADERSHIP
63,514,128
NUMBER OF ORDERS PROCESSED IN 2019
“The key is to combine active managers with different styles and approaches, with an emphasis on strategies that we believe have a structural advantage, such as concentrated portfolios, high-conviction strategies, or other strategies with a unique edge”
Brian Storey,
Brinker Capital, a brand entity of Orion Advisor Solutions
“Our portfolios often exhibit lower volatility than their peers or blended benchmarks, not because we target a low-risk profile, but because of our focus on maximizing the benefits of diversification in our portfolio construction”
Brian Storey,
Brinker Capital, a brand entity of Orion Advisor Solutions
Years of Experience
20+ years
Favourite quote
“The history of markets is one of overreaction in both directions”
BAsed In
Toronto, Ont.
Career highlight
While on the USCGC Eagle, I “kissed the pennant” – the flag at the top of the 150-foot mast
Karen Adams
President and CEO at Fundserv
Before becoming CEO of Fundserv, Karen Adams held a variety of leadership roles around the world – and she learned that listening and understanding are key to both providing service and developing talent
Read on
Share
Share
Media
Milestones
2011
2012
2016
2019
2021
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2012
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2015
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2016
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2019
Curabitur feugiat eget leo id tempus. Maecenas commodo, nibh at ultricies pulvinar, ipsum erat porta metus, et tempus justo tellus euismod dolor.
2021
Brian Storey on diversification and risk
Karen Adams has had a remarkable journey to her current role as CEO of Fundserv. Originally from Toronto, Adams earned a bachelor’s degree in mathematics and economics at Queens University, followed by an MBA in international finance at the University of British Columbia. After graduating, she set off across the globe, holding various positions with HSBC that took her to London, Dubai, Hong Kong, Beijing, Shanghai, Seoul and Mumbai.
That global experience gave Adams a unique perspective, prompting her to develop a leadership style that’s based on developing relationships with each individual, listening and understanding to help them reach their potential. That approach goes well beyond her own team, allowing Fundserv to succeed in creating solutions for its members.
“Having worked in many different countries, people ask if I am an expert in multicultural leadership,” Adams says. “I always say there is no such thing because that assumes you manage people based on their background. I have learned that people all want the same things: to develop our careers, give our kids a good future, etc. When she returned to Canada learned that people all
From those forums, a common theme arose that has plagued the industry for years: the amount of paper required in transactions.
“We have a motto to ‘axe the fax,’ and we saw this opportunity where members didn’t want their staff going into the office, but there are still physical cheques going back and forth,” Adams explains. “We put in place, in just six months, Ad-Hoc Money Movement [A$M]. We responded to the industry and are in the process of replacing cheques, which I think is awesome. We launched in January and have seen so much volume. We think ultimately we are keeping people healthier by not having to travel into the office.”
While she’s proud of the strides Fundserv made in 2020, Adams acknowledges that it was a challenging time as a leader. Not only did she have to ensure Fundserv kept running efficiently as her team transitioned to working from home, but she was also filled with concern for her team members.
“I just worried about our employees, their mental health and if they would be OK,” Adams says. “I like to see people, so I set up one-on-ones just to connect with them.
Moving forward, Adams says Fundserv’s goals remain aligned with those of its members, and her team will continue listening and understanding what members need so the organization can evolve accordingly. She adds that she wants Fundserv to be so good at providing a secure and reliable service that members forget it’s there – and she wants the company to continue to inspire change in the industry.
“It is sad that it took a pandemic to recog-nize the cheque issue and solve it,” Adams says. “What we will do in the future is root out those things in the industry and not wait for a pandemic to ignite change. There is no reason we can’t change. Change, like auto-mation, will accelerate from now, and we’ll do our part to keep it going.”
Spotlight
Storey has been a strong advocate for expanding beyond traditional stocks and bonds. Incorporating other asset classes has allowed Brinker Capital to offer a more diverse set of portfolios, particularly when navigating volatile markets. In fact, diversifying asset classes have been a hallmark of Brinker Capital’s flagship Destinations portfolios throughout their nearly 30-year history. This suite of risk-based portfolios incorporate a forward-looking dynamic asset allocation approach, a healthy allocation to diversifying asset classes, and a risk-balanced multi-manager implementation for active management.
Storey emphasizes three key areas for portfolio diversification: alternatives, global credit, and real assets. “These asset classes fit within what we consider our diversifying building block alongside more traditional growth (equity) and stable (core fixed income) asset classes,” he explains. Alternatives, which generally have a lower-volatility profile but with little traditional duration exposure, serve as an offset to core fixed income. In global credit, Storey’s team looks to US and international high yield, emerging markets debt, and corporate credit—non-core fixed income assets that broaden the investment landscape and offer additional diversification benefits.
When it comes to real assets, Brinker Capital takes a broad view. “We consider real estate – primarily listed REITs, both US and international – along with infrastructure, natural resource equities, and commodities,” Storey notes. Each of these asset classes has different dynamics, offering distinct return and risk drivers compared to traditional equity and fixed income.
Fundserv is the indispensable connectivity hub for the Canadian investment industry. Headquartered in Toronto, we electronically connect Manufacturers, Distributors, and Intermediaries, enabling them to buy, sell, and transfer investment funds. With more than 100 employees, Fundserv serves hundreds of members—executing up to 63 million yearly network transactions—and provides online access to more than 70,000 investment fund products.
Established in 1993, Fundserv is a private corporation that is owned by the industry we serve. Our 10 shareholders are a cross-section of Manufacturers, Distributors, and Service Providers who represent our members.
We operate using a cost-recovery model, meaning any unused profit may be rebated back to our members. In addition to our network and applications, we lead and facilitate industry committees and working groups that promote automation initiatives and establish the industry’s electronic standards.
By ensuring every trade is processed timely, accurately, and securely, Fundserv has rightfully earned a reputation for service excellence—a hallmark of more than 25 years in the investment industry.
Company Profile
1983
Orion’s rank for best TAMP technology by America's Best TAMPS 2024 (Source: Wealth Advisor, “America’s Best TAMPS 2024”)
$68.3B
Wealth Management Assets (as of March 31, 2024)
$4.3T
PROPORTION OF WOMEN AMONG FUNDSERV EMPLOYEES
43%
PROPORTION OF WOMEN IN LEADERSHIP
63,514,128
NUMBER OF ORDERS PROCESSED IN 2019
Years of Experience
20+ years
Favourite quote
“The history of markets is one of overreaction in both directions”
BAsed In
Toronto, Ont.
Career highlight
While on the USCGC Eagle, I “kissed the pennant” – the flag at the top of the 150-foot mast
Karen Adams
President and CEO at Fundserv
Career highlight
Before becoming CEO of Fundserv, Karen Adams held a variety of leadership roles around the world – and she learned that listening and understanding are key to both providing service and developing talent
Read on
“Our portfolios often exhibit lower volatility than their peers or blended benchmarks, not because we target a low-risk profile, but because of our focus on maximizing the benefits of diversification in our portfolio construction”
Brian Storey,
Brinker Capital, a brand entity of Orion Advisor Solutions
The key is to combine active managers with different styles and approaches, with an emphasis on strategies that we believe have a structural advantage, such as concentrated portfolios, high-conviction strategies, or other strategies with a unique edge”
Brian Storey,
Brinker Capital, a brand entity of Orion Advisor Solutions
IN Partnership with
In Partnership with
In Partnership with
1996
2003
2006
2022
2024
2021
Graduates from US Coast Guard Academy and embarks on five years of active duty service in US Coast Guard
1996
Earns a Master of Business Administration from Duke University’s Fuqua School of Business, where he graduated as a Fuqua Scholar
2003
Becomes a CFA charterholder
2006
Is named as Deputy CIO of Destinations Portfolios at Brinker Capital Investments, a brand entity of Orion Advisor Solutions
2022
Is promoted to Head of Multi-Asset Solutions at Brinker Capital Investments
2024
Is promoted to Head of Multi-Asset Solutions at Brinker Capital Investments
2021
Milestones
Expanding the investment universe
Generating alpha and managing risk
Expanding the investment universe
Generating alpha and managing risk
Expanding the investment universe
Generating alpha and managing risk
Published October 10, 2024
Find out more
Find out more
Find out more
Find out more
One area that Storey and his team are closely monitoring is the divergence of US mega-cap growth stocks and other asset classes. While valuation is a key factor, Storey also emphasizes the importance of fundamentals. “We’re eager to see improvements in asset classes like US large-cap value, international stocks, and small caps,” he notes.
If these areas begin to show upward trends in fundamentals—whether through earnings momentum or margin expansion—Storey believes it won’t be just a short-term event. The valuation gaps are wide enough that if we see sustained improvement in fundamentals, it’s likely to lead to a multi-year trend,” he adds. Brinker Capital doesn’t need to be the first mover, but the team is keenly focused on identifying areas that offer longer-term potential and stronger valuation support while staying attuned to improving fundamentals.
Brinker Capital is neither aggressively bullish nor bearish, but rather positioned in a somewhat “uncomfortably neutral” manner for the time being. “It’s not necessarily where we want to stay long-term,” he explains, but with mixed economic signals and numerous crosscurrents in the markets, the team is being patient while waiting for its dynamic asset allocation process to provide stronger signals for areas of opportunity.
On the horizon
YOUR PRACTICE
RETIREMENT
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1. Source: “2023 Top 100 RIA Firms,” Barron's, 2023.
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YOUR PRACTICE
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© 2024 KM Business Information US Ltd
Use of editorial content without permission is strictly prohibited | All rights reserved
Subscribe
Issue Archive
My Account
Subscribers
Event Calendar
Editorial Calendar
Media Kit
Special Reports
Custom Research Services
Request Reprints
More from us
Careers
Customer Service
Staff
Submissions
Contact Us
Contact
Terms & Conditions
Privacy Policy
About Us
About
YOUR PRACTICE
RETIREMENT
INVESTING
NEWS
© 2024 KM Business Information US Ltd
Use of editorial content without permission is strictly prohibited | All rights reserved
Subscribe
Issue Archive
My Account
Subscribers
Event Calendar
Editorial Calendar
Media Kit
Special Reports
Custom Research Services
Request Reprints
More from us
Careers
Customer Service
Staff
Submissions
Contact Us
Contact
Terms & Conditions
Privacy Policy
About Us
About
On the horizon
2015