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Orion to Get TownSquare Capital and Broaden its Wealth Management Operations


May 10, 2022
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OMAHA, Neb., & & PROVO, Utah–( SERVICE WIRE)– Orion Consultant Solutions, a leading supplier of transformative wealthtech services for fiduciary consultants, revealed today a conclusive contract to broaden its existing wealth management service by getting TownSquare Capital (TownSquare). Serving the monetary consultant neighborhood with best-in-class financial investment techniques, TownSquare is a store, full-service financial investment and trading platform with an institutional state of mind towards portfolio building and construction.

” The addition of TownSquare will enhance Orion’s wealth management abilities for our growth-focused independent consultant customers by supplying them with custom-made financial investment services through a full-service RIA platform. TownSquare’s interest high-net-worth financiers lines up well with our concentrate on growing our Wealth Advisory service,” stated Eric Clarke, creator and CEO of Orion. “We’re delighted to include TownSquare to our wealth management service, producing more worth for consultants looking for an extremely incorporated, most-in-one innovation suite.”.

Established by a group of previous fund supervisors in 2018, TownSquare serves independent wealth consultants, organizations, high-net-worth people, household workplaces, accounting companies, and banks. The Provo, Utah-based company has 50 staff members, almost $6 billion in properties under management, and deals with over 2,000 high-net-worth customers.

TownSquare offers its consultant customers with a turnkey financial investment and trading platform that consists of property event, portfolio analysis and customized building and construction, custom-made trading and tax optimization, analytics, processing, reporting, and billing. It is developed to provide customers self-confidence in the premium properties they own– even in times of market tension. TownSquare includes alpha by making use of a few of the market’s finest institutional cash supervisors and their essential, high-conviction, high active-share techniques while keeping an eager concentrate on tax effectiveness, lower costs, and openness.

” TownSquare is entering this deal from a location of strength. The extra capital offered by Orion will help in our development throughout crucial item locations and allow us to develop an outsourced CIO offering that goes beyond that of others in the market,” stated TownSquare CEO and Chief Financial Investment Officer Kurt Brown. “In addition, it will offer higher economies of scale by widening a large range of financial investment items and services, broadening circulation, and boosting innovation. TownSquare’s consultant customers will take advantage of this deal by making use of Orion’s open architecture, most-in-one wealth management and innovation platform that will provide customers more financial investment alternatives and improved assistance in a smooth experience, eventually conserving them money and time.”.

Post-close, Brown will end up being Orion’s Chief of OCIO Solutions reporting to the Workplace of the CEO. In addition to Brown, TownSquare’s executive management group and staff members will continue working out of their existing places as part of TownSquare, which will stay an entirely owned indirect subsidiary of Orion Consultant Solutions.

The deal is anticipated to nearby early 3rd quarter of 2022 following the conclusion of traditional closing conditions. After the offer is total, the combined wealth management platform abilities are anticipated to come to market rapidly. Extra deal information will not be divulged.

To get more information, check out the Resource Center at https://orion.com/townsquare/

About Orion Consultant Solutions

Orion is a leading supplier of the tech-enabled fiduciary procedure that changes the advisor-client relationship by making it possible for monetary consultants to Possibility, Strategy, Invest, and Accomplish within a single, linked, technology-driven experience. Integrated, our brand name entities, Orion Consultant Tech, Orion Portfolio Solutions, Brinker Capital Investments, HiddenLevers, and BasisCode produce a total offering that empowers companies to draw in brand-new customers perfectly; link objectives more meaningfully to financial investment techniques and results, and eventually track development towards each financier’s special meaning of monetary success. As an outcome, Orion supports more than 2,300 independent advisory companies with $1.9 trillion in properties under administration and $60 billion of wealth management platform properties (since March 31, 2022), making Orion the platform of option for all growth-focused advisory companies seeking to enhance their customer relationships, acquire an one-upmanship in a congested market, and develop strong, successful services. Find out more at www.orion.com

About TownSquare Capital

TownSquare is a store, full-service financial investment and trading platform with an institutional state of mind towards portfolio building and construction. Established in 2018 in Provo, Utah, TownSquare serves the monetary consultant neighborhood by supplying best-in-class financial investment techniques. The TownSquare financial investment platform is a versatile chassis developed to enhance customers’ present financial investment program. Customers consist of wealth advisory companies and organizations such as household workplaces, corporations, endowments, structures and federal governments. Solutions are provided a-la-carte or as a turn-key financial investment and operations group. Check Out www.townsquarecapital.com to learn more.

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