Orion Advisor Solutions, an advisory technology vendor and turnkey asset management platform, announced Tuesday that it's acquiring Redtail Technology, which provides customer relationship management software for financial advisers.
Eric Clarke, Orion’s founder and CEO, said in a statement that the deal will “make our robust tech stack ecosystem even more valuable.”
“By embedding Redtail’s highly regarded, next-generation CRM software with our portfolio accounting and advisor technology, we will connect the advisor-client journey with a highly integrated, most-in-one technology suite,” Clarke said.
The transaction is expected to close in the second quarter. The terms of the transaction weren't disclosed.
Brian McLaughlin, Redtail’s CEO and co-founder, will become president of Orion, reporting to Orion CEO Eric Clarke; McLaughlin will also join Orion’s board.
Redtail will become an Orion brand and Redtail’s executives and employees will continue working in their current locations.
According to the announcement, combining the two platforms will happen quickly once the deal closes because “APIs and deep integrations are already in place.”
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
