Orion Advisor Services Launches Free Peer-to-Peer Model Marketplace

"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 of NorthStar Financial Services Group, the parent company to Orion and CLS Investments. "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.

—Related on ThinkAdvisor:

• Orion Announces New Onboarding Portal
• Orion Integrates With FutureVault