Orion leans into fintech flexibility with new offerings

Orion leans into fintech flexibility with new offerings
The wealth tech giant is helping firms “do business as they see fit” with two new additions, including a standalone trading solution launching later this summer.
JUN 28, 2024

Orion, the leading wealth tech provider for fiduciary advisors, is rolling out new offerings designed to give advisors greater flexibility in managing their business.

The fintech firm, whose platform includes a reported $4.3 trillion in assets and 2,300 independent advisory firms, says its new options will enable advisors to customize their approach, selecting from a range of fully insourced to fully outsourced technology and wealth management solutions.

“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,” Natalie Wolfsen, CEO of Orion, said in a statement.

Earlier this year, Orion began its initiative to increase flexibility by offering its risk and compliance supervision services as standalone solutions. Building on this, the company plans to introduce a standalone trading solution later this summer.

The yet-to-be-launched offering includes an integrated trading and rebalancing solution, featuring an advanced portfolio rebalancing engine and an order and execution management system. Additionally, it will provide direct custodian feeds, data reconciliation, and access to various tools including a due diligence hub and custom indexing feature.

Orion also announced its new Foundation Stack, a bundled solution targeted primarily at smaller RIA firms and those new to the RIA space. With discounted rates for certain users, it includes a client portal and mobile app, Orion’s planning and alternative investment platforms, and portfolio accounting, among other functionalities.

Advisors using the Foundation Stack will also gain access to other offerings including custom indexing, OCIO, outsourced trade desk, and professional services such as alternative maintenance.

“To continue meeting advisors where they are in their growth journey, we strive to ensure we’re always learning from them,” said 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."

Latest News

Social Security trustees see one less year in insolvency countdown, project shortfall to start 2034
Social Security trustees see one less year in insolvency countdown, project shortfall to start 2034

New report shows dimmed outlook for benefits to retirees and disabled Americans, creating further pressure for federal tax hikes or more borrowing.

NY Republican Stefanik presses SEC to probe Harvard bond sale
NY Republican Stefanik presses SEC to probe Harvard bond sale

Open letter to SEC Chair Paul Atkins questions whether the Ivy League university withheld material information prior to its $750 million taxable bond offering.

Ex-LPL leader re-emerges at The Wealth Consulting Group
Ex-LPL leader re-emerges at The Wealth Consulting Group

The Las Vegas-based hybrid RIA overseeing $8.8 billion in assets has named Andy Kalbaugh president to help scale its advisor platform.

Envestnet extends investment offerings with new alts model portfolios
Envestnet extends investment offerings with new alts model portfolios

The wealth tech giant – in collaboration with Fidelity, BlackRock, State Street, and Franklin Templeton – is offering its advisor and wealth firm users more ways to diversify.

Just as wealth industry M&A was picking up, economic uncertainty could kill it again
Just as wealth industry M&A was picking up, economic uncertainty could kill it again

Deal volume increased post-election but now caution has taken over.

SPONSORED RILAs bring stability, growth during volatile markets

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave