Orion is redoubling its commitment to provide technology solutions for advisors as it adds a veteran fintech leader to its executive team.
The leading wealth technology provider has announced the appointment of Ron Pruitt as president of Orion Wealth Management, effective May 20.
Pruitt, who has over 25 years of experience in the wealth management sector, will spearhead strategic initiatives aimed at expanding Orion's services and enhancing its technology for financial advisors.
Pruitt's 25-year professional resume includes a leadership role as president and CEO of Solovis, which was later absorbed into Nasdaq Analytics as part of an acquisition that included eVestment. As SVP of Nasdaq Analytics, he provided vital services to global asset managers, asset owners, and institutional investment consultants, drawing on his expertise in investment analytics and market intelligence.
Earlier in his career, he was the co-founder and chief investment officer of Placemark Investments, which was later acquired by Envestnet, where he spent three years as executive vice president.
“Ron’s extensive background and proven track record of leading high-performing teams in the wealth management sector will be invaluable as we continue to grow and innovate,” Natalie Wolfsen, CEO of Orion, said in a statement.
Pruitt’s commitment to operational excellence was honed at General Electric, where he became a Six Sigma Master Black Belt. He also served for five years as an officer in the US Army, further developing his leadership skills.
“I am thrilled to step into my role at this remarkable company,” Pruitt stated. “Orion stands unrivaled in offering advisors a comprehensive suite of best-in-class, customizable wealth solutions that promote their independence and streamline their workflow.”
Wolfsen emphasized the importance of Pruitt's new role in enhancing Orion's flexible ecosystem, allowing firms to operate according to their unique business models.
Orion’s most recent efforts to enhance its tech support for advisors and firms include the launch of its PulseCheck behavioral finance tool in March, and an alternatives partnership with CAIS to broaden advisors’ access to alternative investment funds.
“Ron’s leadership will undoubtedly advance Orion’s progress toward building a wealth-tech community where every advisor and investor thrives,” she said.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor