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Orion Bolts Out of the Gate in 2019 With Product Innovations Built to Address Advisors’ Top Challenges

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OMAHA, Neb.–()–Orion
Advisor Services, LLC
(“Orion”), the premier portfolio management
solution provider for registered investment advisors, today at T3
Advisor Conference revealed a series of new product updates and
integration enhancements planned to launch in the first half of 2019.
These upgrades address major challenges facing independent advisors,
from compliance obligations to the need for more proactive client
communication, data security and lead generation capabilities.

Compliance technology simplified

Inform, a new application designed to be used independently or in
conjunction with Compass,
builds on the capabilities of this oversight tool that Orion first
introduced last year. Developed in collaboration with the leading
regulatory compliance consultancy, MarketCounsel,
and industry agitator Steve Lockshin’s AdvicePeriod,
the application directly addresses some of the most critical pain points
commonly cited by growing firms. By leveraging firm data within Orion’s
platform, compliance officers and teams can now:

  • Cost-effectively monitor employee trades against firm-wide trade
    activity, pulling employee transaction and holdings data from more
    than 1,000 banks, broker-dealers and custodians
  • Maintain and distribute affirmations, certifications and disclosures
    related to the Code of Ethics
  • Track the receipt of gifts, political donations and outside business
  • Access Orion’s trading data, enabling front-running, an invaluable
    time-saving process not supported by most third-party compliance
  • Log results for easy recordkeeping when the SEC and state regulators
    ask for an audit trail
  • Leverage web-based, proactive and employee notifications for team
    members and CCOs alike

“Compiling information for Code of Ethics compliance can be a strenuous
task for many RIAs, one made even harder by the limitations of the
third-party solutions that have traditionally been a chief compliance
officer’s only recourse,” said Kylee Beach, Orion’s general counsel.
“With Inform, we went back to the drawing board and worked with our
advisor clients and industry partners, MarketCounsel and AdvicePeriod to
create a comprehensive, one-stop solution built for ease-of-use and
using client data within Orion to save time.”

Pushing the boundaries of client engagement with Event-Based

Orion has also created a one-stop, time-saving solution for personalized
email or text notifications, the latest trend in elevating an advisor’s
client communication strategy: Event-Based Notifications. Event-Based
Notifications allow advisors to automate the type and distribution of
custom client communications that historically have been managed
individually, such as RMD notices, portfolio rebalance updates, account
value milestones and more, reducing time spent and promoting
transparency between the advisor and client.

“Clients need to feel engaged and in control of their finances, and one
of the best ways to build that experience is to combine proactive
outreach with a personal touch,” said Eric Clarke, CEO of Orion. “Our
Event-Based Notifications center is a valuable client communication tool
that has the potential to save advisors up to two hours a day while
helping them demonstrate their value as a true partner and fiduciary.”

Access to a leading business wealth prospecting service

BizEquity, the world’s leading provider of business valuation knowledge
and big data, along with Orion, have launched a new integration critical
for helping advisors grow their businesses and deepen their
relationships with existing clients.

Advisors on the Orion platform can now use BizEquity data insights to
quickly determine one of the most crucial pieces of an entrepreneur
client’s financial landscape: the true value of their business. Advisors
can also use the tool to learn the valuation of their own practice, a
vital piece of information as M&A activity intensifies in the financial
services industry.

“During a panel discussion at Schwab IMPACT, Eric Clarke identified the
$12 trillion in business-owner wealth that will be transferred in the
next decade as the biggest opportunity for wealth advisors,” said
Michael M. Carter, president and CEO of BizEquity. “As the
market-leading resource to help advisors better care for and prospect
for business-owning clients, we are proud to partner with Eric and
Orion. This integration is as much about technology as it is about our
shared mission and culture of helping advisors win by better serving
their clients. Business owner capital accumulations represent one of the
largest and last implemented solutions of the wealth technology
revolution for advisors.”

Protect your clients from identity theft and data breaches

Orion’s enhancements also include increased data protection for
investors. Through Orion’s new integration with a global leader in
consumer and business credit reporting and marketing services, advisors
can now offer clients proactive credit and identity monitoring, as well
as access to recovery services such as identity restoration and identity
theft protection, directly through Orion’s Client Portal.

“The risk of data breach and identity theft continues to be a growing
threat for firms and the advisors held responsible for protecting
clients from exposure,” Clarke continued. “As the world we live in
continues to evolve, we’re thrilled to empower our advisors to not only
better protect clients, but to also better assist clients in the event
the unthinkable happens.”

To learn more about these upcoming product enhancements, visit:

About Orion

Orion Advisor Services, LLC is the premier portfolio accounting service
provider for advisors. Our firm has unique insights into the advisory
profession because it was founded for investment advisors by an
investment advisor in 1999. Orion frees advisors from back-office tedium
so they can enjoy their business again by devoting their time and energy
to better serving clients. Orion provides the integrated and fully
customizable technology solutions that advisors need to help grow their
businesses over the long term. The firm’s technology solutions empower
more than $700 billion in AUA and over 2 million accounts. For more,
please visit
or follow our news and insights via
our blog

About MarketCounsel

MarketCounsel is the leading business and regulatory compliance
consulting firm to the country’s preeminent entrepreneurial investment
advisors. We deliver comprehensive and sound, yet business-savvy,
regulatory compliance solutions. At MarketCounsel, you will discover an
impressive roster of seasoned compliance professionals paired with
state-of-the-art technology to meet, anticipate, and exceed the exacting
needs of our clients. From the startup of an investment advisor through
our time-tested RIA Incubator program, to the outsourced compliance
department capabilities of our RIA Institute, MarketCounsel’s service
platform consistently delivers on the promise of trusted counsel within
the wrapper of extraordinary service.

About AdvicePeriod

AdvicePeriod is a leading, SEC-registered investment advisor dedicated
to focusing clients on the critical decisions necessary for managing
their wealth. Our mission: to make wealth management more fair,
effective, and successful; for clients and advisors alike. To learn
more, visit:

Source: on 2019-01-29 14:30:00

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