Orion, a US-based provider of wealth management solutions, has announced new enhancements to its Brinker Capital Destinations Funds Trust.
The enhancements include new tools from ReFlow, a redemption management solutions provider, to improve efficiency, reduce transaction costs, and boost investor experience.
With the new services, Destinations Funds will benefit from tools that will help minimise cash drag, reduce transaction costs, and mitigate taxable events.
Orion said the partnership with ReFlow helped advance the operations of its Destinations Funds and deliver benefits to both advisors and their clients.
ReFlow Services CEO Bill White said: “We are extremely excited to welcome Orion and Destinations Funds to the ReFlow platform and we look forward to helping those funds manage shareholder flow in a way that helps minimise its impact on the portfolio management process.”
Orion provides tech-enabled fiduciary solutions that empower financial advisors to prospect, plan, invest, and achieve through a unified, connected platform.
The new service enhancements are expected to support Orion’s efforts to provide advanced tools for streamlining advisor operations and delivering investment solutions.
The new enhancements and other solutions offered on the Orion platform will provide financial advisors with more time to focus on their clients.
Also, the move is in line with its broader strategy to provide advanced tools for streamlining advisor operations, said the wealth management solutions provider.
Orion Wealth Management president Ron Pruitt said: “These improvements reflect the innovative steps we’re taking to enhance fund operations while continuing to deliver long-term value for investors.”
“This initiative underscores our commitment to evolving the Destinations platform to meet the dynamic needs of financial advisors.
“By integrating these capabilities, we ensure that Destinations Portfolios remain a compelling choice for delivering efficient, effective investment solutions.”
Recently, Orion has agreed to acquire financial planning and wealth management solutions provider Summit Wealth Systems, which is expected to close in early 2025.
