SOURCE: Orion Advisor Services, LLC

FiComm Partners

November 12, 2015 09:00 ET

Orion Advisor Services Partners With WealthSite to Launch Orion Private Asset Platform

OMAHA, NB--(Marketwired - November 12, 2015) -

• The Orion Private Asset Platform gives advisors a way to manage their high net worth clients' traditional and alternative investments in one comprehensive platform for a full accounting of their wealth

Orion Advisor Services, LLC is the nation's largest privately-held portfolio accounting provider

• WealthSite Inc. provides concierge wealth accounting and reporting services to managers of extraordinary wealth

Orion Advisor Services, LLC, ("Orion") the premier portfolio accounting service provider for advisors, has announced a new partnership with WealthSite to launch the Orion Private Asset Platform, a new product providing management and reporting for private assets, geared toward advisors of high net worth individuals, combining traditional and alternative assets on a single comprehensive platform.

The new offering marries the advanced portfolio accounting capabilities of Orion's platform with the premier private asset management and reporting services provided by WealthSite. The Orion Private Asset Platform gives advisors a way to manage and report on their high net worth clients' private and public assets in one place-including both investment and non-investment assets, such as art and jewelry, and traditional investments giving a holistic view of an investor's wealth in aggregate.

"By launching the Private Asset Platform, we're fulfilling a key, unfilled need in the marketplace -- the need for advisors to have a truly holistic look at their clients' complete net worth, empowering them to make truly informed decisions as they create financial plans," said Eric Clarke, CEO of Orion. "In this case, we're housing alternative asset and traditional investment reporting under one roof. This is critically important for high net worth clients who invest in illiquid assets such as fine art and real estate. With our platform, their value will no longer go unreported or unaccounted for."

The platform offers semi-automated data reconciliation, and reports instantly generated on the platform give advisors a holistic view into their managed accounts. By using the Orion Private Asset Platform, users are now able to improve repeatable workflows and reporting by eliminating third party augmentation solutions such as Excel and, in turn, inherent human errors and limited reporting capabilities.

Other key features include management and reporting of; capital commitments, capital contributions, income accounting, return of principal accounting, IRR calculations, DVPI, TVPI etc. By weaving the two premier portfolio accounting and private asset platforms together, the Orion Private Asset Platform plays an integral role in delivering top quality services to high net worth individuals and their private accounts.

"We are removing unnecessary complexity and human error from the process of managing private assets. This integration brings the power of holistic management of a clients' wealth onto a single comprehensive platform featuring direct fund data feeds, semi-automatic reconciliation, audit trails and data validation reports all resulting in the elimination of errors common to spreadsheets and other homebrew solutions." said Vice President of Business Development for WealthSite, Peter Giza. "The range of data that we're now able to provide is, without a doubt, industry unique."

The Orion Private Asset Platform will be available for advisors immediately. A webinar will take place on November 24 to provide a step-by-step overview of the Orion Private Asset Platform. To register, visit

To learn more about Orion, visit

To learn more about the Orion Private Asset Platform, please visit

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About Orion

Orion Advisor Services, LLC (Orion) is the premier 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 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 them grow their businesses over the long term. The firm's technology solutions empower more than 625 advisory firms with total assets under administration in excess of $225 billion from more than 1,000,000 individual accounts. Orion is SSAE 16 Type II Audited and is the only ISO 27001 Certified portfolio accounting provider.

For more information about Orion, visit or follow Orion on Twitter at @orionadvisor.

About WealthSite

WealthSite Inc. (WealthSite) is the premier service provider of concierge accounting and reporting for firms managing extraordinary wealth. The firm was founded in 2006 by investment and financial technology experts who recognized technology was not addressing the needs of ultra-wealthy management firms. WealthSite solves the issues multi-generational wealth poses to firms by providing superlative accounting and reporting solutions. WealthSite provides customized, concierge solutions designed to each firm's specification and its clients' needs. WealthSite solutions are in use by some of the industry's top firms recognizing that superlative reporting builds high client confidence and loyalty

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