As a financial advisor, you understand the importance of balancing cost and value in everything you do, from selecting investments to managing client relationships. One area where this is especially true is in selecting the tools and technology you use to run your business.
Orion Advisor is a popular choice among financial advisors for portfolio management, performance reporting, and more. But with so many options out there, it can be tough to know just how much Orion Advisor costs, and whether it’s worth the investment.
In this comprehensive guide, we’ll dive into the world of TAMP fees and pricing, exploring everything from Orion Tech to SmartRIA and FPPathfinder. We’ll take a close look at what Orion Advisor does, and how it compares to other options on the market. We’ll also explore the question of whether advisor fees are worth it, and how much you should be charging to ensure a sustainable business model.
So whether you’re a veteran advisor looking to take your practice to the next level, or a new advisor just getting started, this guide will provide you with the insights and information you need to make an informed decision about whether Orion Advisor is right for you, and how much you can expect to pay for its services.
How Much Does Orion Advisor Cost
If you’re considering using Orion Advisor for your financial advisory firm, you may be wondering how much it costs. Orion Advisor offers multiple pricing models, so the cost can vary depending on the specific services you require.
Subscription-Based Pricing
Orion Advisor’s subscription-based pricing model has three tiers: Basic, Premier, and Enterprise. Basic is the most affordable option, with a monthly subscription fee of $120. Premier is a step up from Basic, offering more features and functionality for a monthly fee of $180. Enterprise, the highest tier, offers the most comprehensive set of features and is customized to meet the unique needs of each customer.
AUM-Based Pricing
Alternatively, Orion Advisor also offers an AUM-based pricing model. This model is best for firms that manage a high volume of assets. With this model, you pay a percentage of the AUM you manage. The fee is typically 6 to 10 basis points, though the exact percentage may vary depending on the level of customization required.
Additional Fees
In addition to the monthly or AUM-based fees, Orion Advisor also charges additional fees for various services and features. These may include data exchange fees, performance reporting fees, and trading fees, among others. It’s important to carefully review your specific needs and the services included in your chosen pricing model to understand the full cost of using Orion Advisor.
Overall, the cost of using Orion Advisor will depend on the specific pricing model and features you require. While it may not be the most affordable option on the market, Orion Advisor’s robust set of features and options make it a popular choice for financial advisory firms. Consider your needs and budget carefully before deciding if Orion Advisor is the right fit for your business.
TAMP Fees
When it comes to choosing a TAMP (Turnkey Asset Management Platform), it’s crucial to understand the fees involved. After all, the primary reason you’re using a TAMP is to save time and effort, not to incur additional costs. Here’s what you need to know about the TAMP fees associated with Orion Advisor.
TAMP Fees Overview
Orion Advisor charges TAMP fees based on a percentage of assets under management (AUM) and includes investment management, trading, compliance, rebalancing, billing, performance reporting, and investment research services.
AUM Fees
The AUM fees for Orion Advisor starts at 1% for the first $1M in AUM. As the AUM grows beyond $1M and up to $25M, the fees decrease. For AUM above $25M, the fees are negotiable and customized to individual needs.
Other Fees
Aside from AUM fees, Orion Advisor charges additional fees for investment research, trading, and performance reporting. These fees are calculated based on the number of accounts and the level of service required by the advisor.
Overall, Orion Advisor TAMP fees are competitive, and the platform offers a comprehensive suite of services that advisors find attractive. When selecting a TAMP, it’s essential to consider all the fees involved, including AUM fees, additional fees for services, and customized fees based on individual needs. With this information, advisors can make informed decisions about which TAMP will best serve them and their clients.
Orion Tech
Orion Tech is the platform where the Orion Advisor suite is built. It is a technology platform that provides a range of features and tools for financial advisors. From portfolio management to client relationship management, Orion Tech is a one-stop-shop for advisors looking to streamline their workflows.
Portfolio Management
Orion Tech provides a robust portfolio management system that enables advisors to create, manage, and rebalance client portfolios with ease. With an intuitive user interface and a range of customization options, advisors can build portfolios that meet the unique needs and goals of individual clients.
Account Aggregation
Orion Tech offers account aggregation capabilities, allowing advisors to easily bring together all their client’s account information into one place. With real-time data aggregation, advisors can get a comprehensive view of their client’s financial lives, providing them with the insights needed to make informed investment decisions.
Reporting
Orion Tech’s report generation tools are comprehensive, allowing for customized and branded reports for clients, including performance, fees, asset allocation, and more. With drag-and-drop functionality, report generation is streamlined and efficient.
Compliance
Orion Tech provides a range of compliance tools that help advisors stay on top of regulatory requirements, from account monitoring to trading compliance. Advisors can also simplify the audit process by having all their client information and activity in one place.
In conclusion, Orion Tech is the engine that powers the Orion Advisor suite. It provides advisors with the tools and features they need to effectively manage client portfolios, stay compliant with regulations, and provide exceptional service. With Orion Tech, advisors can become more efficient, freeing up time to focus on what matters most: their clients’ needs.
Orion Pricing
Are you wondering what it costs to use Orion Advisor’s services? Well, you’re not alone. Pricing is always an important consideration, and it’s no different when it comes to Orion advisor.
Understanding Orion’s Pricing
One thing to note is that Orion Advisor’s pricing varies depending on the type of service you’re looking for. They offer several different solutions, each with its own pricing structure.
Orion Connect
If you’re looking for a basic portfolio management tool, Orion Connect might be the way to go. This service provides advisors with a simple, easy-to-use interface to manage and track their clients’ portfolios. Orion Connect pricing starts at $3,000 per year.
Orion Planning
If you’re looking for more in-depth financial planning capabilities, Orion’s Planning solution might be a better fit. Orion Planning starts at $3,600 per year.
Orion Trading
Orion Trading is a service that gives advisors the ability to execute trades directly from their portfolios. Orion Trading pricing starts at $6,000 per year.
Orion Reporting
For those looking for comprehensive reporting capabilities, Orion Reporting might be the answer. This solution provides advisors with customizable reporting options, as well as access to Orion’s business intelligence tools. Pricing for Orion Reporting starts at $5,400 per year.
Additional Costs
Keep in mind that these prices are just a starting point – additional costs may be incurred based on your usage or specific needs. For example, if you require custom integrations, additional fees may apply.
While pricing is important, it’s also important to choose a solution that will best meet your needs. Orion Advisor offers a range of services, each with its own pricing structure, so it’s worth taking the time to consider which solution will be the best fit for your business.
Smart RIA Pricing
Are you considering using Smart RIA for your investment management needs? If so, you’re probably wondering about the cost associated with the platform. Let’s take a closer look at Smart RIA pricing to help you determine if it’s the right solution for you.
What is Smart RIA
Before we dive into the pricing, let’s review what Smart RIA is. Smart RIA is a cloud-based software that simplifies compliance for investment advisors. It helps advisors manage their compliance responsibilities, including client onboarding, document management, and regulatory reporting.
How much does Smart RIA cost
Smart RIA offers several pricing plans based on the number of users and the level of service you require. Here are the three pricing plans available:
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Basic Plan: This plan is for one user and costs $125 per month or $1,500 per year.
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Professional Plan: This plan is for up to three users and costs $295 per month or $3,000 per year.
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Enterprise Plan: This plan is for more than three users and requires a custom quote.
It’s important to note that the pricing plans do not include additional fees for importing data, training, or integrations.
Is Smart RIA worth the investment
If you’re looking for a compliance software that can simplify your regulatory requirements, Smart RIA is definitely worth considering. The platform is easy to use, secure, and provides valuable insights into your compliance obligations. While the cost of the platform may seem high, the peace of mind it provides is priceless.
Smart RIA’s pricing may seem steep compared to other compliance software options, but you’re paying for a platform that is tailored to the financial industry. As an investment advisor, you need software that can help you manage your compliance obligations effectively. Smart RIA has the tools and features to deliver just that.
FPPathfinder Pricing
Are you considering FPPathfinder to enhance your financial planning experience? One crucial factor you will undoubtedly consider is the cost of using the software. This subsection will provide you with all the essential details you need to know about FPPathfinder pricing and help you determine if it’s suitable for your business needs.
Overview
FPPathfinder offers two pricing plans – a solo plan and a team plan. The solo plan is designed for individual advisors, and the team plan is recommended for businesses with more than one financial advisor. Both pricing plans have the same features, with the only difference being the number of users that can access the software.
Solo Plan Pricing
The solo plan costs $1,791 annually or $199 per month. If you opt for the annual billing cycle, you will enjoy a 15% discount, which translates to $1,522.50 per year. The solo plan allows only one financial advisor to access the software.
Team Plan Pricing
The team plan costs $2,391 annually or $265 per month for up to ten users. For businesses with more than ten users, each additional user costs $19 per month or $228 per year. Just like the solo plan, subscribing to an annual billing cycle earns you a 15% discount.
Other Costs
In addition to the software’s subscription fee, there are no other hidden charges or fees. FPPathfinder pricing includes exceptional customer support, onboarding sessions, and updates that are regularly rolled out to improve the user experience.
FPPathfinder pricing may be a bit expensive, but the software’s excellent features and benefits are well worth the investment. Its ability to automate complex tasks, such as retirement planning and scenario analysis, saves time and enhances precision. The software’s easy-to-use interface and fast, reliable customer support make it a top-tier choice for financial advisors looking to elevate their business. Be sure to try it out today and see how it fits your business needs!
What is Orion Connect
Orion Connect is a popular platform offered by Orion Advisor Technology that enables financial advisors to access a suite of tools and features to manage client accounts efficiently. The platform integrates with various investment management software, custodians, and other third-party systems to provide advisors with a comprehensive solution for portfolio management, reporting, and trading.
How does it work
To use Orion Connect, advisors first need to sign up for an account through the Orion website and be approved. Once approved, they can log in to the platform and access a wide range of features, including:
1. Portfolio Management
Orion Connect provides financial advisors with a complete view of clients’ investment portfolios, including asset allocation, performance metrics, and other key analytics. Advisors can also create custom benchmarks and track multiple performance metrics to monitor market trends.
2. Reporting
Orion Connect’s reporting capabilities enable advisors to generate customized reports for clients to show their financial performance. Advisors can also create ad-hoc reports, fund fact sheets, and other detailed investment summaries for their clients with just a few clicks.
3. Trading
Orion Connect’s trading capabilities allow advisors to execute trades on behalf of their clients through leading custodians seamlessly. The platform provides advanced trading tools, pre-trade compliance checks, and a direct link to Orion’s FIX network for trading.
Benefits of Orion Connect for Advisors
Orion Connect offers numerous benefits to financial advisors, including:
1. Increased Efficiency
By streamlining investment management workflows, advisors can save time and focus on providing more personalised services to clients. The platform’s integrated features make it easy to manage portfolios, generate reports, and execute trades, all in one place.
2. Enhanced Client Engagement
Orion Connect provides clients with a comprehensive view of their investments and financial performance, creating opportunities for advisors to have more meaningful conversations with clients. With powerful reporting and analytics tools, advisors can also identify new opportunities for clients to diversify their investments and achieve their financial goals.
3. Scalability
Orion Connect is designed to meet the needs of both small and large advisory firms. The platform’s flexible and customizable features can be tailored to fit the unique needs of individual firms, making it a viable choice for those looking to scale their operations.
In conclusion, Orion Connect is an innovative investment management platform that provides financial advisors with a suite of tools and features to manage client accounts efficiently. With advanced portfolio management, reporting, and trading capabilities, advisors can streamline their workflows, engage clients more effectively, and scale their operations.
Orion Advisor Reviews
Are you in search of the best financial management solution for your investment needs? Look no further than Orion Advisor. This software solution provides a comprehensive suite of features that make it a perfect fit for investment advisors. Orion Advisor reviews positively highlight the features, ease of use, and flexibility of the software.
Features
Orion Advisor boasts an impressive set of features that cater to all your financial management needs. The software solution allows you to manage client portfolios, trades, billing, and reporting among other services. Additionally, it has features like integration with a variety of custodians and flexible billing options. Delve deeper into its features, and you’ll be wowed by the level of customization available.
Ease of Use
Orion Advisor is known for its ease of use. The software solution is streamlined and straightforward, ensuring minimal time wastage. It has an intuitive interface that’s easy to navigate, minimizing the learning curve. Whatever your level of experience with financial software systems, you’ll quickly become a pro with Orion Advisor.
Flexibility
Orion Advisor is a flexible solution that caters to various business models. It gives advisors complete control over its features and functionality, enabling them to customize it to fit their specific needs. That way, you get the exact features you need without dealing with additional, unnecessary functionalities. Additionally, the software solution is flexible with a robust API, an integrated app store, and open architecture.
Orion Advisor reviews speak highly of its features, ease of use, and flexibility. It’s a perfect fit for investment advisors looking for a robust solution to manage their clients’ portfolios. Besides, the suite of features and level of customization ensures it adapts to your specific needs, making it unique and value-enhancing. Whether you’re a beginner or have been in the industry for years, Orion Advisor is one software tool you should consider.
Orion Client Experience
If you’re considering Orion Advisor as your portfolio management solution, one of the things you might be curious about is the experience that clients have using their platform. After all, what good is a powerful tool if it’s not user-friendly and easy to navigate? Fortunately, this is an area where Orion really shines.
Ease of Use
One of the standout features of Orion Advisor is its intuitive interface. Setting up your account and getting started is a breeze, thanks to an easy-to-follow setup wizard. Once you’re up and running, you’ll be able to access all the tools and features you need from a single dashboard. Everything is clearly labeled and easy to find, meaning you can spend less time fumbling with menus and more time managing your portfolios.
Customizability
One of the key selling points of Orion Advisor is the degree of customization that’s available. While the platform comes with a robust set of pre-built reports and tools, you also have the ability to create your own custom modules, reports, and dashboards. This means that no matter what type of portfolio you’re managing, you can tailor the platform to your specific needs.
Mobile Capabilities
In today’s fast-paced world, it’s important to be able to manage your portfolio on the go. Fortunately, Orion Advisor has you covered here as well. The platform is fully optimized for mobile devices, meaning you can access all your tools and reports from your smartphone or tablet. This makes it easy to stay on top of your portfolio even when you’re out of the office.
Customer Support
No matter how user-friendly a platform might be, there are always going to be times when you need a little extra help. Fortunately, Orion Advisor has a reputation for providing excellent customer support. Their support team is available via phone or email, and they’re known for being helpful and responsive. Additionally, Orion Advisor provides a robust library of support resources, including video tutorials and how-to guides, to help you get the most out of their platform.
In conclusion, the client experience with Orion Advisor is top-notch. The platform is easy to use, highly customizable, and optimized for mobile devices. Additionally, the company provides excellent customer support and a wealth of resources to help you get the most out of their platform. If you’re looking for a portfolio management solution that’s both powerful and user-friendly, Orion Advisor is definitely worth considering.
Are Advisor Fees Worth It
Investing is a great way to create wealth for the future, but it’s not easy to do on your own. Most people need help from financial advisors who can provide guidance and advice on investing, retirement, and other financial goals. However, these services come at a cost, and you may wonder if it’s worth paying for them.
What Are Advisor Fees
Advisor fees are charges that financial advisors levy for their services. The fee can be a percentage of the assets under management (AUM), a fixed fee, or a combination of both. The percentage-based fee is the most common, ranging from 0.5% to 2% of AUM per year. A fixed fee may be charged for specific services like financial planning.
Pros of Paying Advisor Fees
One significant advantage of paying advisor fees is the professional advice and guidance you receive. Financial advisors have extensive knowledge and experience in investing, retirement planning, tax planning, and other financial areas. They can help you choose the right investment products, develop a financial plan, and make informed financial decisions. Their guidance can help you avoid costly mistakes and achieve your financial goals faster.
Another advantage of paying advisor fees is that it can save you time and effort. Investing and financial planning can be time-consuming and complicated, requiring significant research and knowledge. Financial advisors can take over these tasks on your behalf, saving you time and energy.
Cons of Paying Advisor Fees
The most significant disadvantage of paying advisor fees is the cost. The fees can significantly eat into your returns, especially over the long term. For example, a 1% fee on a $100,000 portfolio amounts to $1,000 per year, and it could compound over time, resulting in a considerable loss of potential earnings.
Another disadvantage of advisor fees is the possibility of receiving subpar services. Some financial advisors may not provide the value that justifies their fees, and some may even engage in unethical practices, such as prioritizing their interests over their clients’.
Paying advisor fees is a personal decision that depends on your financial situation, investment goals, and preferences. If you’re a new investor who needs guidance or someone who doesn’t have the time or expertise to invest, paying advisor fees could be worth it. However, if you’re an experienced investor who can manage your finances effectively, you may not need to pay these fees. Ultimately, the decision to pay advisor fees should be made after careful consideration of all the pros and cons.
What Does Orion Advisor Do
Orion Advisor is an all-in-one wealth management platform that helps financial advisors manage their clients’ assets efficiently. The platform provides a wide range of services that help advisors streamline their workflow and make data-driven decisions. Here are some of the things that Orion Advisor can do:
Portfolio Management
Orion Advisor comes equipped with powerful portfolio management tools that allow advisors to easily create and manage custom portfolios for their clients. Advisors can also run reports to analyze performance and identify opportunities for improvement.
Trading and Rebalancing
Orion Advisor’s trading and rebalancing tools automate the process of buying and selling securities in a client’s portfolio. Advisors can set up rules-based trading strategies and rebalance the portfolio to keep it aligned with the client’s investment goals.
Financial Planning
Orion Advisor includes robust financial planning tools that help advisors create comprehensive financial plans for their clients. Advisors can model different scenarios and show clients how their investment decisions will impact their long-term financial goals.
Data Aggregation and Reporting
Orion Advisor integrates with hundreds of custodians, broker-dealers, and other financial institutions to provide advisors with a complete view of their clients’ assets. Advisors can run customizable reports and use Orion’s analytics tools to gain deeper insights into their clients’ portfolios.
Client Communication
Orion Advisor includes a suite of client communication tools that help advisors keep in touch with their clients. Advisors can send personalized emails, newsletters, and other communications to keep clients informed about their investments and financial goals.
Overall, Orion Advisor is a powerful tool for financial advisors who need to manage their clients’ assets efficiently. The platform’s comprehensive suite of tools helps advisors save time, reduce costs, and provide better service to their clients.
How much should an advisor charge
When seeking the assistance of a financial advisor, one of the main concerns that clients have is the cost. After all, no one wants to pay an arm and a leg for services they can maybe do themselves. However, the cost of financial advisory services isn’t always transparent. So how much should an advisor charge?
The Three Common Fee Structures of Financial Advisers
There are three common fee structures for financial advisers:
Commission-based
This is a traditional fee structure where the advisers get paid through commission from the products they sell or the investments they recommended.
Fee-only
Fee-only advisers are paid a percentage of the assets they manage. This structure means that the more successful the investments are, the more the adviser gets paid.
Hourly-based
Hourly-based advisers charge by the hour. This structure is ideal for clients who only need a one-time or occasional advice.
How Can You Make Sense of These Options
Ultimately, the larger your investment portfolio is, the less expensive a fee-only adviser becomes. If you’re starting on your investment journey, an hourly-based structure and robo-advisory options are your best bet.
It’s important to discuss fee structures with your adviser and ask them about their conflicts of interest, as well as if they will provide fiduciary advice to ensure that they act in your best interest.
In summary, knowing how much an advisor should charge is dependent on the fee structure. Understanding the fee structure chosen by the adviser is essential for clients during the financial planning process.
How Much Does Orion Cost Per Account
Now that we have a general idea about Orion Advisor’s pricing plans let’s talk about how much it costs per account. As mentioned earlier, Orion Advisor offers different pricing plans based on the number of accounts that need to be managed.
Solo Plan
If you’re a solo advisor just starting, then the Solo Plan might be the perfect plan for you. It costs $150 per month for the first account, and each additional account will cost an extra $25 per month.
Basic Plan
If you have more than one account to manage, but still have less than 100, the Basic Plan is a better option. With the basic plan, you can manage up to 100 accounts for a flat fee of $250 per month.
Advanced Plan
For those with a larger client base, the Advanced Plan may be the best fit. This plan costs $350 per month and allows you to manage up to 500 accounts.
Enterprise Plan
Lastly, for larger firms with over 500 accounts, the Enterprise Plan might be most suitable. The price for this plan is negotiable since it is customized to the specific needs of each firm.
Additional Costs to Consider
Keep in mind that certain features, such as integrations and portfolio accounting, may cost extra. These additional costs vary depending on the pricing plan you choose and the number of accounts you manage.
In conclusion, the cost of using Orion Advisor depends on the pricing plan and the number of accounts you have. Whether you’re a solo advisor just starting or a large firm with hundreds of accounts, there is a pricing plan that can work for you. It’s crucial to consider your specific needs and budget before selecting a plan.
