Orion Advisor Solutions says CEO Eric Clarke plans to retire by year-end. Clarke, who founded the firm in late 1999, will continue to serve on Orion's board of directors and intends to "work with the board on a smooth leadership transition," the turnkey asset management provider said late Monday.
"As Orion approaches our 25-year anniversary in 2024, I've recognized this as the right time for me to retire from the CEO role while remaining an active member of the company's board of directors," Clarke said in a statement.
"I want to express my sincere gratitude to our advisor clients, team members, board, and all involved in the RIA industry," he added. "I am humbled and grateful to be part of what we've built together over the past two-and-a-half decades."
The news of Clarke's retirement comes one week after Orion named Charles Goldman executive chair of its board of directors. Goldman, the former head of AssetMark, will lead the firm's search for a new CEO. He joined Orion's board in September and also serves on the strategic advisor board of the private equity firm Genstar Capital.
