Orion Advisor Services, LLC, (“Orion”) a portfolio accounting service provider for advisors, today announced Orion Communities, an interactive peer-to-peer exchange that allows Orion clients utilizing its Eclipse trading platform, along with other strategists, to share model portfolios with each other in an open-source platform.
Communities is a central marketplace that enables advisors and strategists to provide insight into their own investment strategies with each other, while still maintaining full control of the trading process. Orion has partnered with asset management firms Russell Investments, BlackRock, and CLS Investments, which will share their own models, portfolio building tools, market updates and commentaries with the Orion advisor community, with many being offered at zero charge for Orion clients on its Eclipse platform.
“In a dynamic market, it is important for advisors to work together to offer the best possible investment solutions for their clients, and we recognized the market demand for a platform like Communities,” said Todd Clarke, managing director, NorthStar Financial Services Group, LLC, parent company to Orion. “With Communities, Orion is making it easier for advisors to access and leverage each other’s expertise, helping them diversify their practices and serve clients more efficiently.”
The trade review and execution is completed by each strategist firm, in accordance with existing trading processes. When a strategist shares their models on Communities, they upload their agreement to the platform. The subscribing advisor interested in the models then signs off on the agreement and payment terms. Orion’s system helps support payments, but the strategists are responsible for negotiating the terms and exchange of payments.
Tax loss harvesting and asset location will continue to be optimized in Orion’s Eclipse, the firm’s next generation platform which helps enable advisors to trade and rebalance portfolios in a tax efficient manner.
PRESENTATION AT T3 ENTERPRISE CONFERENCE
Orion will also be presenting and exhibiting at the upcoming T3 Technology Conference for financial services executives in Las Vegas, October 30 – November 1, 2017. Learn more about their presentation here:
Orion Advisor Services, LLC (Orion) is a portfolio accounting service provider for advisors. The firm has unique insights into the advisory profession because it was founded for investment advisors by an investment advisor in 1999. Orion removes back-office tedium so advisors can devote more time and energy to better serving clients. Orion provides integrated and fully customizable technology solutions that help advisors grow their businesses over the long term. The firm’s technology solutions empower more than 1,200 firms, have $500 billion in AUA and over 1.9 million accounts. Learn more at www.OrionAdvisor.com.