SOURCE: Orion Advisor Services, LLC

FiComm Partners

August 03, 2015 09:00 ET

Orion Advisor Services, LLC Announces Its Inclusion in LPL Financial's Newly Launched Vendor Affinity Program

OMAHA, NE--(Marketwired - August 03, 2015) -

  • The Vendor Affinity Program by LPL Financial is a new initiative designed to help advisors reduce the complexity and costs of running their businesses
  • Orion is the largest privately owned portfolio accounting platform in the United States

Orion Advisor Services, LLC ("Orion"), the premier portfolio accounting service provider for advisors, today announced its inclusion in the recently launched Vendor Affinity Program by LPL Financial LLC ("LPL"), the nation's largest independent broker-dealer*, a custodian for registered investment advisers (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc.

The Vendor Affinity Program is a new initiative designed to help advisors reduce the complexity and cost of running their businesses. The program creates a centralized repository of vendors who have been reviewed by LPL and will provide their products and services to LPL advisors at discounted prices.

"We are thrilled to be part of the very first group of vendors to be reviewed and included by LPL in their Affinity Vendor Program," said Eric Clarke, CEO of Orion. "In today's increasingly technologically complex world, being able to provide advisors with a vetted ecosystem of reliable and quality providers gives them the confidence and time to focus on building wealth for their clients. We are proud to be included as part of this collection of tier one vendors."

Orion can enhance or become an advisor's back office, dramatically increasing efficiencies and improving firm performance. Orion implements scalable solutions that include:

  • Portfolio accounting services
  • Digital and video statement reporting
  • Advisory fee billing
  • CRM integration
  • Client communications (Deliver)
  • Trade order management (TOM)
  • Open web API supporting integrations
  • Cost basis and tax reporting
  • Composite performance reporting
  • Open-source client web portal
  • New account opening interface
  • Business metrics reporting
  • Mobile apps

"For our advisors, technology solutions drive some of the greatest impact to the operational efficiencies of their practices," said Victor Fetter, LPL managing director and chief information officer. "Understanding that, we are excited to be able to connect our LPL clients with providers such as Orion, which shares the same belief as LPL that by simplifying and streamlining their operations, they can spend more time with clients to help them to reach their financial goals."

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.

For more information about Orion, visit www.orionadvisor.com.

For media inquiries regarding this announcement or to speak with an Orion spokesperson, please contact: Orion@FiCommPartners.com.

About Orion Advisor Services

Orion Advisor Services, LLC (Orion) 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 643 advisory firms with total assets under administration in excess of $225 billion, from more than 1,000,000 individual accounts. For more information about Orion, visit www.orionadvisor.com and follow Orion on Twitter: @orionadvisor

About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is a leader in the financial advice market and serves $485 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2015), is one of the fastest growing RIA custodians with $105 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of March 31, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,352 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

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