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Orion buys $10-billion TAMP to take on Envestnet and AssetMark head-on for mega-accounts

Omaha, Neb.-based NorthStar division is buying FTJ Fundchoice to launch Orion Enterprise after painful losses in bidding for business with large RIAs and IBDs

Author Brooke Southall
April 11, 2018 at 2:03 PM
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Eric Clarke: You learn more from the deals you don't win.

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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

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

Advizr founder Hussain Zaidi parts ways with Orion but mission accomplished: Orion's AUA leapt 50% in his 19 months

MoneyGuidePro and eMoney still dominate, but RIAs and IBDs in droves are willing to choose Orion's planning on the terms offered -- zero license fees.

January 9, 2021 at 2:06 AM

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Mentioned in this article:

FTJ FundChoice, LLC
Top Executive: Dean Cook

CLS Investments, LLC
Top Executive: Todd Clarke

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts

Stephen Winks

Stephen Winks

April 11, 2018 — 7:08 PM
The demand for innovation and modernity in advisory services is insatiable, b/ds are of litlle help to advisors thus fintech companies like Orian hold great promise. Market share is wide open and will take incumbent market leaders to places they rather not go. Our conception of advisory services is changing especially with the SEC getting sewrious about fiduciary duty a place wgere incumbents have not served with distinction. Orio has no fear or cultural puch beck which impedes innovation and <a href="http://modernity.as" rel="nofollow">modernity.as</a> that is how market share is won. The reticence of b.ds and incumbent vendors to support expert fiduciary duty in the best interest of the investing public isOrion's secret weapon, The investing public will respond to an exponentially higher level of counsel, at a lower cost which advances the professional standing of the advisor. Affording the investor consumer protections being denied by incumbent b/ds and vendors makes much of what we know as advisory services today as obsolete. SCW
Michael Calvelli

Michael Calvelli

April 17, 2018 — 5:45 PM
Stephen Winks

Stephen Winks

April 18, 2018 — 9:40 PM
If you look at Orions Technology in concert with models in support of continuous , comprehensive counsel required for expert fiduciary standing at very low cost, you would preempt conventional brokerage every <a href="http://time.at" rel="nofollow">time.at</a> higher compensation to the advisor.and far better performance t lower cost for the investor. SCW

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