Orion Advisor Services, a premier portfolio accounting service provider, has delivered a suite of integrated portfolio accounting solutions to Gradient Investments, an independent SEC registered investment adviser serving independent RIAs throughout the country.
The partnership has helped position the firm for accelerated growth in 2013, with assets under management (AUM) that are on pace to grow by more than 50% over 2012.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Gradient provides fee-only professional money management services, serving individuals, employer-sponsored pension plans, foundations, endowments and corporations through exchange traded funds (ETF), options, equities and separately managed accounts.
The firm had US$50 million AUM in 2010, when it brought on Orion’s portfolio accounting and rebalancing solutions for performance reporting, trading, fee billing and coding.
With support from Orion’s comprehensive account integration capabilities, Gradient experienced growth from US$282 million at the end of Q4 2012 to US$430 million AUM year to date.
Nathan Lucius, managing director, Gradient Investments, said: "Orion’s suite of scalable back-office solutions has been instrumental to our growth, helping us to move from 50 client accounts funded or opened on average per month in 2010 to 430 accounts opened or funded per month in 2013. Orion’s technology liberates our investment professionals to focus on portfolio construction and on supporting our network of independent advisors with active portfolio solutions."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataGradient initially turned to Orion to provide a customized portal with performance reporting capabilities that could be branded to the firm’s affiliated advisors. Trading, fee billing and coding functions were added, allowing Gradient to centralize its rebalancing strategies across multiple custodians.
Once the data is in the system, it can be used to output risk scores, which can then be linked to a model portfolio, custodial paperwork, investment advisor agreements, investment policy statements, and more.
Eric Clarke, President and CEO of Orion, said: "Gradient’s rapid growth reflects the company’s holistic commitment to understanding its clients and offering highly personalized investment solutions. The back-office support we provide ensures that Gradient’s advisors have access to the resources and services they need to provide the best possible financial solutions."
