Orion Advisor Options, a significant know-how supplier to impartial RIAs, introduced a C-suite rent this week: Mark Mayo has joined as its chief monetary officer.
He replaces Daniel Applegarth, who spent 14 years within the function earlier than departing to tackle the CFO function at Carson Group in April.
Mayo most lately served as CFO for DISA World Options, a drug testing supplier. He has additionally held CFO roles at Join America, HireRight and a number of other divisions of Normal Electrical.
It has been a yr of modifications at Orion. In August Brian McLaughlin, who served as president of advisor tech at Orion and co-founded CRM software program developer Redtail Expertise in 2003, introduced he could be stepping down from his function on the finish of this month. And a yr in the past Natalie Wolfsen, former CEO of AssetMark, joined the agency as its new chief govt, succeeding long-time CEO Eric Clarke.
Betterment for Advisors Rebrands
A decade after launching, Betterment for Advisors, the robo advisor’s all-in-one know-how and custody platform for RIAs, has rebranded to Betterment Advisor Options.
“This new identify extra precisely displays the breadth of services we provide throughout money, investing, and 401(ok) plans—all powered by Betterment’s trusted model and know-how,” the corporate acknowledged on its weblog.
CAIS, Focus Increase Partnership
Different funding platform CAIS has deepened and expanded its partnership with Focus Monetary Companions, which was first introduced in 2022.
The alts platform will probably be utilized by Focus advisors to entry third-party funds, launch proprietary funding choices, and consolidate present funds and historic positions. Companies throughout the Focus partnership collectively managed or oversee greater than $400 billion in shopper property.
LPL Advisors Now Have Discounted Entry to Asset-Map
The hundreds of advisors affiliated with LPL Monetary now have discounted entry to Asset-Map’s specialised planning instruments, which embody, amongst many different options, the Experiences software that shows a family’s total monetary image in a visible, intuitive means for working with purchasers; Stencils, the place advisors can overlay peer information on a shopper’s Asset-Map Report for comparability and illustration functions; and Alerts, which is used to assist illustrate how a given family will address as much as six totally different widespread monetary disruption occasions and might level out explicit vulnerabilities related to them.
These and different options can be found for $142 per 30 days for the Skilled and $189 per 30 days (slight low cost for each when paying an annual subscription) for the Elite (which offers extra customization and the flexibility to make use of your branding) variations of Asset-Map.
Janney Rolls Out New Portfolio Development Instrument
Regional dealer/seller Janney Montgomery Scott introduced the rollout of a brand new proprietary Portfolio Development Instrument for its Advisor Platform.
This software will allow Janney’s 900 monetary advisors to assessment funding merchandise, evaluate portfolios and transition brokerage property to the advisory aspect of the enterprise. Among the many software’s key attributes are new shopper and prospect proposal options, new funding choice and analysis, portfolio evaluation and building options and charge evaluation.
That is a part of an ongoing, two-year improvement effort at Janney.
It was introduced in late July that Janny was being acquired by non-public fairness agency KKR after 42 years of possession by Penn Mutual Life Insurance coverage Firm. Janney will function as a standalone, non-public firm after the deal closes.