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The four-year ordeal Orion's president underwent to launch Eclipse -- a sprint to stay in the race with Tamarac and Black Diamond for rebalancing

Eric Clarke tried to build, failed, bought, but kept on building until he got Amazon-ensconsed Eclipse

Author Janice Kirkel February 28, 2017 at 2:31 AM
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Eric Clarke: When we did the agreement with TRX we knew there would be key learnings we could pick up along the way.


Brian Froisy

Brian Froisy

February 28, 2017 — 4:30 PM
As a small company, not on the radar screens of rebalancing software providers or users I have some comments. Rebalancing is simple in concept, complex in the details. Hiding that complexity was a big deal as noted in the article. It was the largest part of my product development effort. The approach is to treat rebalancing as an optimization problem. Find trades that return a portfolio (multiple accounts for one household) to or near target asset allocation percentages while minimizing trading costs. These costs (commission, spread, taxes) are directly calculated. This approach eliminates the need to set arbitrary thresholds that are normally used to trigger rebalancing. The basic formulation eliminates complexity. It's a different approach, that is currently available for individual users. However, the core technology is structured to suit small RIA firms. Interested readers can see more at <a href="http://www.statespacetech.com" rel="nofollow">http://www.statespacetech.com</a> -- See the product support and help pages for an in depth view of this different approach to rebalancing.
Mark Forsyth

Mark Forsyth

February 28, 2017 — 10:09 PM
Not a good day for Amazon Cloud. Would I even have been able to trade today?
brooke southall

brooke southall

February 28, 2017 — 10:12 PM
We are on Amazon at RIABiz. It damaged us
Mike Betz

Mike Betz

March 1, 2017 — 1:59 AM
Citrix ShareFile --also residing on AWS-- was out of commission for most of today as well. Not a good day, but Amazon has a lot of really sharp people on board. My hunch is that they'll learn quick from this and find a way to not repeat mistakes.
Pete Giza

Pete Giza

March 5, 2017 — 11:52 AM
The Amazon outage did not affect all AWS services. Depending on which AWS technologies were in use by its' consumers had a big influence over how severely their service was affected. WealthSite makes extensive use of AWS and our services didn't skip a beat. Amazon has done a good job of partitioning their infrastructure to reduce the effects of the failure of one subsystem on the entire platform. With this failure they have to rethink the resiliency of S3 and is supporting infrastructure. It's important people know and understand that proper software architecture that closely examines the underlying IaaS architecture is key to reducing the risk of being taken down in a partial failure. The sites must effected were those making heavy use of S3 in their front end. AWS and its competitors are here to stay and have become vital resources that are powering fintech innovation now and into the future. Pete
Pete Giza

Pete Giza

March 10, 2017 — 3:59 AM
Here is a a good 60 second read on the subject: The Amazon S3 outage was actually a good thing, you probably want more like it. <a href="https://www.linkedin.com/pulse/amazon-s3-outage-actually-good-thing-you-probably-want-skipper" rel="nofollow">https://www.linkedin.com/pulse/amazon-s3-outage-actually-good-thing-you-probably-want-skipper</a> Pete pete@wealthsite.com
brooke southall

brooke southall

March 10, 2017 — 4:06 AM
Pete's link is worth a read! Amazon seems to be so good that it's mistakes are good. Brooke

Related Moves

September 8, 2023 at 11:58 PM

A week after he became chairman of Eric Clarke's board, Charles Goldman is heading the search to replace Clarke as Orion CEO-- at Eric's direction

Eric Clarke founded Orion in 1999 and built it to a $3.6 trillion AUA juggernaut, but he believes both he and the company are ready for a big change

May 22, 2023 at 5:13 PM

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February 10, 2022 at 2:22 AM

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January 7, 2022 at 11:40 PM

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