Organizational restructuring of Orion engineers, management reshuffle

Orion Advisor Solutions makes a few changes at the top.

This week, the Omaha, Nebraska-based outsourced investment management and technology provider announced a new strategic operating model that divides the organization into three business segments.

The new model is centered around Orion’s trio of technical advisors, outsourced investment manager services and its turnkey asset management platform.

“Given the rapid expansion of our business over the past two years and the integration milestones we have taken, we are taking this opportunity to solidify Orion’s future operating model and leverage our acquired talents,” Orion Founder and CEO Eric Clarke said in a statement. statement. “The new operating structure will serve as a catalyst for growth that will help take Orion to the next level and ensure that all lines of business operate as One Orion as we strive to best meet the needs of our Advisor customers.

Orion also announced the promotion of three employees who will report to Clarke as business line owners and members of Orion’s leadership team. Ryan Beach is now president of Orion Wealth Management; Brian McLaughlin is president of Orion Advisor Tech; and Kurt Brown is president of Orion OCIO (outsourced chief investment officer).

Beach was most recently COO of Orion Advisor Solutions. McLaughlin and Brown were previously the CEOs of Redtail Technology and TownSquare Capital, two companies acquired by Orion this year.

“With seven acquisitions in two years, this realignment provides the 1,500 team members with a clear organizational structure that builds the Orion of the future as we focus on nurturing advisors and succeeding for investors,” said said Clarke.

Orion’s triangular offense style approach follows a similar restructure rolled out earlier this year by Envestnet.

In June, this Chicago-based technology company and turnkey program announced a series of organizational changes with the goal of growth and simplification. To this end, the organization has restructured into three business segments: Envestnet Solutions, Envestnet Data and Analytics and Envestnet WealthTech.

Dana D’Auria, co-chief investment officer and newly appointed group president for Envestnet Solutions, joined the financial planning podcast in early August to discuss the changes and what it means for the organization.

Scroll down to catch up on other recent fintech news you may have missed in our Wealthtech Weekly roundup. And check last week’s edition here.

Aubrey L. Morgan