Wealthtech Orion Advisor Options will give shoppers entry to various investments via a partnership with CAIS Options.
“A couple of components drove Orion’s choice so as to add entry to alts,” mentioned Josh Flade, CFA, Deputy CIO – OCIO at Orion. “Alternatives, as we have been reminded in 2022, can add a stage of diversification that publicly traded securities generally can’t. Second, shoppers need bespoke, differentiated portfolios and options may help advisors present that. Thirdly, options have largely been completely utilized by institutional buyers and ultra-high-net-worth households, however because of technological and monetary improvements, these merchandise have gotten more and more out there to the mass prosperous and high-net-worth people, and we need to guarantee that Orion advisors are in a position to make these out there to their shoppers as effectively.”
Orion’s Wealth Advisory and OCIO shoppers will achieve entry to personal fairness, personal debt, personal actual property and hedge funds. As well as, there are plans so as to add entry to Orion Portfolio Options and Orion Advisor Know-how shoppers within the close to future.
“We’re enthusiastic about additional increasing our partnership as CAIS and Orion have lengthy been culturally aligned as a result of we’re relentlessly targeted on the unbiased wealth administration neighborhood, are pioneers of creating game-changing know-how, and are dedicated to serving to advisors develop their companies,” mentioned CAIS COO Brendan Cuddihy.
CAIS added new options to its CAIS Options platform final fall, permitting advisors to handle various investments in a single spot, together with these sourced via CAIS’s market, but in addition ones bought instantly from managers or sourced on different alts platforms.
“Following the launch of CAIS Options final 12 months, we’ve got seen super demand for the providing and count on Orion’s advisors to profit from the operational effectivity it may present to their general various investing course of,” Cuddihy mentioned. “The mixing with Orion is a testomony to our dedication to the unbiased wealth channel, and is a pure evolution in our mission to supply monetary advisors with streamlined entry to various investments.”
After a interval of development marked by acquisitions, Orion has targeted on integrations throughout the previous two years. That stretch additionally included former AssetMark CEO Wolfsen succeeding Eric Clarke.