TechTalk

TechTalkblog

InvestmentNews takes advisers through the developments and innovations in technology that’ll change the way you do business today—and tomorrow.

Technology: Bundled, best of breed, or both?

The debate continues

Apr 1, 2014 @ 9:05 am

By Sheryl Rowling

CCI.DFP.current_layout = 'article-free';

Proponents of best-of-breed want to ensure that each component of their technology set is ideal. After all, as our industry embraces integration more and more, it is a fairly easy to have all the pieces work together smoothly. Believers in best-of-breed solutions know that should they become disenchanted with one piece, they can easily move to a better solution of their choice — without having to change their entire system or settle for less than ideal on one or more parts of the system.

What would be truly ideal is the best of both worlds. What if there was an open architecture, bundled best-of-breed solution so you could change one or more pieces if you wanted? This revolutionary new concept is now being offered by Orion Advisor Solutions' Total Technology Platform.

Considered as best-of-breed by many in the industry, Orion's portfolio accounting solution provides additional efficiencies beyond accounting such as new account setup, trading, reconciliation, fee billing, and client communications. But Orion's advisers wanted more than basic trading; they want tax efficient, household level re-balancing. So, Orion sought out Total Rebalance Expert.

"Adding TRX to the Orion platform creates a 'best of breed' offering for advisers that is independent, multi-custodian, and will be available immediately to our advisers," said Eric Clarke, chief executive of Orion.

Calling this solution the "Total Technology Platform", Orion is positioned to compete head-to-head with bundled providers as well as provide an alternative to TAMPS. Orion includes robust back office services along with integrations with MoneyGuidePro and numerous CRM providers. Add optional outsourced re-balancing and portfolio management, the Total Technology Platform can actually be enhanced to a total management platform.

Sheryl Rowling is chief executive of Total Rebalance Expert and principal at Rowling & Associates. She considers herself a non-techie user of technology.

0
Comments

What do you think?

View comments

Recommended for you

Featured Research

The 2015 InvestmentNews Adviser Technology Study

This in-depth study provides a blueprint for the industry, providing actionable information to advisers, along with the latest solutions to help them drive profitability, efficiency and growth for their firm.

Featured video

INTV

Is the private-equity zeal for financial advice firms likely to continue?

InvestmentNews managing editor Christina Nelson and senior columnist Jeff Benjamin discuss why PE funds are so attracted to the independent advice industry right now, and whether that interest is here to stay.

Video Spotlight

Help Clients Be Prepared, Not Surprised

Sponsored by Prudential

Recommended Video

Path to growth

Latest news & opinion

One adviser's story of losing his son to the opioid epidemic

John W. Brower, president and CEO of JW Brower & Associates, shares the story behind his son's death from a heroin overdose and how it inspired him to help others break the cycle of addiction.

Tax reform will boost food, chemicals, rail stocks. Technology? Not so much

Conagra and Berkshire Hathaway are two stocks that should benefit most from changes in the tax code.

Brace for steepest rate hikes since 2006 in new year

Citigroup, JPMorgan Chase predict average interest rates across advanced economies will climb to at least 1 percent in 2018.

Why private equity wants a piece of the RIA market

Several factors, including consolidation in the independent advice industry and PE's own growing mountain of cash, are fueling the zeal to invest.

Finra bars former UBS rep for private securities transactions

Regulator says Kenneth Tyrrell engaged in undisclosed trades worth $13 million.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print