Orion Unveils New Standalone Trading to Empower Advisors with Greater Flexibility
June 26 2024 - 9:30AM
Business Wire
Wealthtech innovator adds flexible standalone
solutions and Foundation Stack, enabling advisors to choose their
own adventure
Orion, the premier provider of transformative wealthtech
solutions for fiduciary advisors, today announced the availability
of standalone solutions and a new bundled offering to provide
advisors unparalleled flexibility. Orion's new à la carte and
bundled offerings allow advisors to tailor their approach and
conduct business as they see fit – choosing from fully insourced to
fully outsourced technology and/or wealth management solutions and
everything in between. By delivering both standalone and
all-encompassing solutions, Orion is equipping advisors with the
resources and support they need to succeed at every stage of their
firm's growth journey.
“At Orion, we are on a mission to build a wealthtech community
where every advisor and investor can thrive,” said Natalie
Wolfsen, CEO of Orion. “By offering a unified, flexible
ecosystem of offerings where every firm can do business with us as
they see fit, we aim to provide unrivaled opportunity to all
advisors, no matter their size or business model, to set their
growth plans and scale their business on their terms.”
As the first steps toward increasing flexibility for advisors,
Orion began offering its Risk and Compliance Supervision offerings
as standalone solutions earlier this year. Later this summer, Orion
is adding Trading to its standalone roster to provide advisors an
integrated trading and rebalancing solution they can access and
leverage alongside their current platform and technology. The
standalone Orion Trading solution encompasses a sophisticated
portfolio rebalancing engine and an order and execution management
system, while offering direct custodian feeds, data reconciliation,
and access to the Communities Investment Portal, Due Diligence Hub
and Custom Indexing.
By offering Trading as a standalone solution, Orion eliminates
many of the challenges large Wealth Advisory firms and RIAs can
face when attempting to comprehensively transition everything to a
new platform solution; this flexible approach enables firms to
seamlessly integrate new technology and processes as their needs
evolve and at their own pace.
New Foundation Stack is a Starter Kit for Smaller
RIAs
Orion is the most integrated and top-rated most-in-one solution.
Since its introduction last year, Orion Stacks has proven popular,
with nearly 20% of Orion’s technology clients opting into this
enhanced and streamlined wealthtech experience. To further expand
this offering, Orion is introducing the Foundation Stack, primarily
aimed at smaller RIA firms and those new to the RIA space. This new
solution comes with a notable discount on any Redtail Plan, a
client portal and mobile app, Orion Planning, Orion’s Alternative
Investment Platform, portfolio accounting, billing, and full
reporting functionality.
Similar to Orion Essentials and Orion Advantage Stacks, advisors
utilizing the Foundation Stack also gain access to Custom Indexing,
Orion OCIO, Outsourced Trade Desk and professional services
including alternative maintenance. This foundational technology
serves as the cornerstone for building and expanding a successful
practice, providing firms the flexibility to expand their
technology stack as needed.
“Orion has a well-established culture of innovation. To continue
meeting advisors where they are in their growth journey, we strive
to ensure we’re always learning from them,” added Brian
McLaughlin, president of Orion Advisor Tech. “We remain
ahead of the competition by understanding the challenges our
advisors face and identifying areas of opportunity. Only then can
we truly help them win, elevating their client service with a
seamless digital experience and giving them time back to focus on
serving their clients and acquiring new business."
Orion Stacks were designed to banish siloed technology and
provide advisors with a cohesive experience that propels
productivity, delights clients and drives firm growth. By
seamlessly integrating every critical solution into one agreement
with a single provider, Orion removes complexity and helps advisors
focus on growing and scaling their business. At the same time, by
also offering Orion solutions as standalone offerings within its
unified, flexible ecosystem, Orion provides firms the flexibility
to engage with the platform and work with Orion in a way that best
meets their current needs.
Wolfsen concluded: "We are dedicated to helping advisors realize
their own visions of success and build successful, sustainable
practices. The introduction of our new standalone solutions and the
Foundation Stack underscores this commitment to providing the most
relevant and effective tools that help advisors to thrive in
today’s dynamic environment."
About Orion
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.
1 Source: 2023 Top 100 RIA Firms, Barron's, 2023.
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On Orion’s behalf:
StreetCred PR orion@streetcredpr.com
Alexandra Lynn alexandra@streetcredpr.com
929-317-4240