In an effort to enhance the range of investment options available across its network, Orion, a fintech provider that targets fiduciary advisors, is offering wider access to a suite of diversified strategies for affluent investors.
Orion Advisor Solutions has broadened the availability of Navigator Total Wealth Strategies from independent asset manager Clark Capital on its Orion Portfolio Solutions RIA platform, within its unified managed account structure.
A recent report from Envestnet points to a trend of rising influence of UMAs in the wealth space in the coming years. With clients turning away from commission-based to fee-based advisory models, Envestnet expects managed accounts to be the model of choice, with UMAs remaining the fastest growth area within the category.
With Orion’s newly unveiled expansion, the strategies from Clark Capital Management Group are now available not only to Orion’s advisors who custody assets with Schwab, but also to those working with Fidelity.
"It’s one more way Orion is delivering on our promise of providing advisors with a broad investment line-up to build well-diversified portfolios that are customized to investors’ unique needs," Ryan Beach, president of Orion Wealth Management, said in a statement.
Designed for the high-net-worth market, the Navigator Total Wealth Strategies offer a diversified approach that combines various strategies and asset classes into a single account. These actively managed strategies aim to adapt to changing market conditions and are tailored to five different risk preferences, including tax-aware options.
The strategies are underpinned by Clark Capital’s investment portfolios, which include core and tactical exposures to equity and fixed income across both US and international markets, as well as alternatives.
"We designed Total Wealth Strategies to help enhance and protect clients’ wealth, so they can stay on track to achieve their unique goals and objectives," Chris Cullen, executive vice president and chief distribution officer at Clark Capital, said in the statement.
In December, Orion announced another move to support advisors through a partnership with FP Alpha, an AI-driven financial planning platform, which aimed to help users save time by avoiding the need to manually input clients’ data into the latter’s software.
The firm has also appointed Mike Downing and Sean Brennan as co-presidents to its US operations as it looks to proceed with an ambitious five-year growth plan.
Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.
New research also reveals that one third of HSA holders withdrew more than they put in.
Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
