Orion, the fintech provider with a professed focus on fiduciary firms, is taking a strategic step towards its next leg of growth by bringin on an experienced C-suite executive.
The firm announced Tuesday that it has appointed Mark Mayo as its new chief financial officer, effective September 9. In his new role, Mayo will be tasked with enhancing the company's financial infrastructure, developing its financial strategy, and helping drive Orion's continued growth.
“We are excited to welcome Mark to our team. His extensive financial expertise will be an invaluable asset to Orion as we continue to grow and innovate so we can help advisors and investors thrive,” Natalie Wolfsen, CEO of Orion, said in a statement.
Mayo joins Orion from DISA Global Solutions, where he served as chief financial officer. During his eight-year tenure at DISA, Mayo played a key role in boosting the company's revenue and profitability, largely through strategic acquisitions, organic growth, and operational improvements. He also brings financial leadership experience from his time as CFO at Connect America, HireRight, and multiple divisions of General Electric, where he served for 13 years.
Earlier this year, Orion welcomed another industry veteran and General Electric alumnus with the addition of Ron Pruitt as president of Orion Wealth Management in May.
“With Mark on board, we will further strengthen our financial strategies, ensuring sustainable growth and enhancing our ability to support financial advisors of all sizes and business models with expanded wealth management services and pioneering, investor-centric technology,” Wolfsen added.
“I am thrilled to join such a dynamic and innovative wealthtech leader at a pivotal moment in its growth journey,” Mayo said. “Orion’s commitment to delivering exceptional value and service to advisors and their clients through a connected, disruptive technology and investment platform is truly inspiring.”
The fintech firm, whose platform covers $4.4 trillion in assets and $69.4 billion in wealth management assets as of June 30, recently unveiled a raft of new offerings to give independent advisors greater flexibility in managing their business.
LPL welcomes a Beverly Hills-based practice from Wedbush Securities as RayJay adds a Stifel alum to its employee advisor arm.
House bill seeks inflation-based adjustment to private fund advisor exemption.
A new House measure would enshrine FinHub and LabCFTC as permanent fixtures, deepening ties with financial technology sector.
The seasoned IT leader arrives as the credentialing body for CFP professionals considers AI's implications for the future of financial planning.
The brokerage industry regulator once again takes a stab at updating rules for independent brokers with other businesses and jobs
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
