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Orion lands $27-billion AUM account as BAM Alliance phases out its homemade system built on Schwab PortfolioCenter

The choice of the Omaha-based, open-source system by the giant DFA TAMP reflects the diverse needs of 140 RIAs -- and the need to up-robo client experience

Author Brooke Southall October 20, 2016 at 3:47 PM
no description available
Jeff Remming: We saw the ineffectiveness of PortfolioCenter itself after a few years but there weren't many choices back then.






Stephen Winks

Stephen Winks

October 20, 2016 — 11:59 PM
Real time client holdings data is now essential for continuous, comprehensive counsel required for fiduciary standing. Orion's development of real time client holdings data goes far beyond the capability of the major wire-houses. This capability introduces efficiencies in portfolio construction that (1) facilitate the management of a far higher level of portfolio detail being more readily managed for (2) an unlimited number of individualized client accounts at (3) far lower cost to the client. (5) Entirely new investment vehicles and (6) new approaches to portfolio construction will make conventional brokerage seem archaic. The risk major firms must manage is assuming their legacy systems can play catch up when advisors must now play by with an entirely different set of rules than brokers. Orion has an immense application for its new capabilities. SCW
Stephen Winks

Stephen Winks

October 22, 2016 — 12:09 AM
I don't know how the above comment previously made on Orion was incerted. I just wanted to comment on how important and edifying Dan Sievert's Conference is and warrants a greatly expanded attendance. It is a throw back to when significant industry participants would exchange ideas in the best interests of the investing public which are toxic in other venues. There is no pay to play, topics are openly discussed in an RIA format which could be considered heresy in conventional brokerage meetings . Well done Dan and Mark !.


October 24, 2016 — 2:33 AM
please how do i get the orion code software ?
Larry Johnson

Larry Johnson

March 18, 2017 — 5:17 AM
You should try Portfolio Center instead of Orion. We will have seemless integration and conversion into our next generation cloud based PMS, Portfolio Connect, when it's available. Yes, we've been working and talking about that for the last three years, and we're no closer to completion. But, when it is completed it will be the best.

Related Moves

May 22, 2023 at 5:13 PM

RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig

Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.

December 3, 2022 at 3:16 AM

Noreen Beaman steps down as president of Orion Advisor Solutions after Brinker migrates to Orion software and enterprise deals 'prove out'

The former Brinker CEO oversaw an 18-month transition of her then $26-billion TAMP and will remain as vice chair of the company after 'mutual' decision on role changes.

February 10, 2022 at 2:22 AM

Brad Shepard unexpectedly resigns from Orion Advisor Services after 10 months, and his chief strategy officer position will remain vacant, the company says

The Nashville, Tenn. executive came aboard to create a 'go-to-marketing strategy' for Brinker, HiddenLevers and legacy units but gave his notice this week.

January 7, 2022 at 11:40 PM

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