Orion is expanding its technology ecosystem for RIAs with the addition of two new integration partners aimed at streamlining back-office operations and client service workflows, particularly focusing on one often-neglected area of compliance.
On Monday, Orion announced its partnership with 11th.com, a fintech platform focused on automating investor fund recovery. The integration brings 11th.com’s class action claim capabilities – which the tech vendor claims as an industry first – directly into Orion’s advisor platform, allowing more than 2,400 Orion-affiliated firms to automate what has traditionally been a manual and time-consuming process.
With the integration, advisors can identify eligible claims, submit documentation, and route recovered funds to client accounts without separate legal coordination or paperwork. The goal is to help firms reclaim funds that might otherwise go uncollected while embedding the process within existing operational systems.
“By streamlining access to accurate, up-to-date data, we’re enabling advisors to automate class action claim recovery without adding operational complexity,” Reed Colley, president of Orion Advisor Technology, said on Monday. “This delivers real value to clients while keeping the advisor experience seamless.”
For RIAs, the embedded solution also reinforces fiduciary obligations by ensuring that no eligible funds are overlooked.
11th.com, founded by Stan Vick following his own experience with securities fraud – he reported losing $1.5 million after backing a biotech firm that got caught up in a case of securities fraud – has handled more than $230 million in claims across 50,000 investors, with a reported 100 percent claim acceptance rate.
“Advisors shouldn’t have to choose between growth and compliance,” Vick said Monday. “With this integration, claim recovery becomes as seamless as billing or rebalancing – automated, reliable, and built into the platforms advisors already use.”
11th.com's other integration partners include Fidelity, Schwab, Merrill, Goldman Sachs, and BNY, according to its website.
In a separate development, Orion is also one of two platforms named in a new integration rollout by Altruist, which holds itself out as an RIA-focused modern custodian.
Altruist has introduced institutional-grade FIX trading connections for both Orion and Advyzon, giving RIAs the ability to submit trades from either system directly to Altruist’s trading engine in real time.
The update allows advisors using Orion’s Eclipse platform or Advyzon’s Quantum trading solution to bypass manual trade files and eliminate screen-switching during execution. Both integrations are designed to meet the needs of multi-advisor firms with higher volumes and a preference for maintaining existing operational workflows.
“You can now custody assets with Altruist and submit orders directly from the platforms your team already loves,” Jason Wenk, founder and CEO of Altruist, said in announcing the new integration.
For Advyzon users, the integration extends to the firm’s broader suite of performance reporting and client billing tools, allowing trades to be executed without disrupting their data flow or user experience. Access to the new FIX connections is currently live, with Altruist planning to expand its list of integrated platforms later this year.
Altruist recently got fresh support for its growth plans in the form of a $152 million funding round in April, backed by a consortium of venture capital investors including Singapore's GIC, Iconiq growth, and Carson Family Office.
Advyzon is one of the top 10 trade monitoring and surveillance platforms that your RIA can take advantage of. Read the list here.
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