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Articles tagged "Orion Advisor Services"


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Natalie Wolfsen: I do believe this is a shift.

Natalie Wolfsen will restore Orion's 'standalone' RIA software strategy but also create a simpler bundle for smaller RIAs, and evolve the super-bundle

Eight months into her reign as CEO at the Omaha-based RIA software and investments powerhouse, Wolfsen is unleashing standalone rebalancing and risk software and tailoring pricing and service levels to match customer needs

July 2, 2024 at 1:14 AM

Brian McLaughlin: We do not want to disrupt service quality..

Orion surprises RIAs with 8.9% price jump, effective April 1 (no joke!); blames 'extreme inflation' -- a possible boon for upstart competitors

Orion President Brian McLaughlin used snail mail to break the news and explain necessity; Omaha, Neb., firm is sharing in the pain of data price increases.

March 2, 2024 at 12:28 AM

[Charles Goldman] and Eric Clarke: I've given 110% to the business.

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

Gabriel Garcia: We’re focused on getting loud in the RIA space.

With a 'loud' RIA custody outburst under ex-Schwabbie, SEI piles onto a mob effort to break Schwab/TDA RIA custody stranglehold

Gabe Garcia is not alone seeing Schwab's ballooning scale as something to pop-- with Envestnet, Altruist, Goldman, LPL, TradePMR and AssetMark all working on new delivery models.

May 5, 2023 at 3:44 AM

Tom McCarthy's job at Orion will be to make the TAMP grow the way he did at No. 1 AssetMark.

Orion poaches AssetMark rainmaker to pull its pieces together -- not long after putting ex-AssetMark CEO Charles Goldman on its board

The Omaha, Neb. software and investments firm is replacing legacy Brinker executive with Tom McCarthy -- only a 'half-coincidence' with Goldman's presence -- and endorsement.

March 3, 2023 at 9:40 PM

The Vatican is getting into ESG investments, just don't mention condoms, abortion, or pornography.

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

Hussain Zaidi (with Eric Clarke): Most didn't need asset management. They needed paycheck management.

Two years (almost) after leaving Orion, Hussain Zaidi unveils a second financial planning company, more like a budget robot, with Eric Clarke as an investor

The founder of Advizr sold his firm to Orion in 2019, left at start of 2021, and he's now ready for a new start. also backed by Vanilla founder Steve Lockshin and Lloyds of London's chairman.

September 24, 2022 at 1:48 AM

Eric Clarke: Our shared clients were notified the [TDA] program would be sunset about a year ago.

Schwab Advisor Services scuttles Orion's sweetheart TD Ameritrade software deal, but Eric Clarke is hopeful a fresh romance with Apex Clearing may blossom the same way

The Westlake, Texas RIA custodian 'sunset' the 2009 Eric Clarke deal with former TDA CEO Tom Bradley that lifted both Omaha firms.

August 17, 2022 at 1:24 AM

Urska Velikonja: We expect for these large asset managers to consider abortion in the same way they consider other social-policy issues.

Shorts: ESG forces Vanguard, BlackRock, SSGA to choose on abortion • Schwab uses money and brand to correct white-male CFP supermajority • S&P 1500 pensions overfunded despite underwhelming 2022 returns • Vanguard closes gap on BlackRock as top institutional manager • Musk puts Orion on Twitter map

Culture war envelops ESG. 'Big-three' face crisis on abortion rights • The population is 50.8% women, 13.4% Black, 18% Latinx, but 76.6% of financial planners are white men. • Schwab funds CFP effort to rebalance • S&P 1500 pension plans are running a $55 billion surplus • Vanguard nears BlackRock institutional asset sum • Daniel Crosby lures behavioral finance interest, via Diet Coke.

June 11, 2022 at 1:05 AM

Nimesh Patel: 'We don't want to have to become an Orion. That's a big lift.'

Orion Advisor Solutions moves to let RIAs eat real-time 'cake' rather than API 'recipes' with help from Amazon's AWS and a determined Carson Group

The Omaha, Neb., software and investments firm is already doing a pilot with Ron Carson's $20-billion RIA and will make the data leapfrog across its clientele

May 3, 2022 at 3:07 AM

Noreen Beaman:  Now is the right time for me to transition.

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: The strength of the Orion platform comes from all the ways its brands link together to create an end-to-end experience for advisors.

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

Eric Clarke: The next frontier of our industry is to close the behavior gap.

Eric Clarke moves lightning fast to close HiddenLevers deal -- saying its hidden virtues in taming the 'investor problem' make it an ASAP matter

The Orion CEO made the deal in early March and closed today, then laid out a precise 12-month roadmap of integration to close the 'behavor gap.'

April 16, 2021 at 1:28 AM

Ari Sonneberg: The Plaid deal opened Pandora’s Box for Visa.

Oisín's Bits: Visa ended Plaid bid to get DOJ off its back; the DOJ is still breathing down its neck • Pershing's NetX360 upgrade makes Orion software hum like at no other custodian -- for now • Addepar says its data shows pandemic made even RIAs misjudge market

DOJ scrutiny scuttled Visa's bid for Plaid. The Feds saw more under the hood • Orion and Pershing bid to make switching between software to trade and read documents outmoded with new data tie-up • RIA jitters over prospective losses may have hit clients' wallets, according to Addepar research.

March 29, 2021 at 9:01 PM

Hussain Zaidi: The last 18 months with Eric Clarke and team have been incredible. With that, I am thrilled to venture out again to solve a new, big problem in the advice space.

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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