Orion Releases Rebalancing Capabilities at 'Household' Level

Company says platform eases planning for tax-efficiency

Orion Advisor Services announced on Monday that a redesigned version of its Advisor Desktop portfolio management suite is available that will help advisors create tax efficient strategies at the household level.

Advisors will be able to create model portfolios for households to allocate income-generating assets into tax-deferred accounts and capital gains-oriented assets to taxable accounts. Advisors will be also able to prioritize asset classes according to how tax-efficient they are.

“Advisors more and more are concerned about making sure they have the ability to manage portfolios in a tax efficient manner,” Eric Clarke, president of Orion Advisor Services, told AdvisorOne. The redesigned platform, he said, gives advisors a “view of the entire household and over time, helps them allocate assets to the best portfolio” and to maximize after-tax returns for clients.

The redesigned platform also allows advisors to trade securities with a predetermined loss amount and buy new securities with the proceeds.

The platform was in beta testing for five months, according to Clarke, before it was released in late August.

"We are committed to providing advisors with integrated portfolio accounting and trading solutions that allow them to be more effective in running their business and serving their clients," Clarke said. "We will continue to upgrade and enhance our trading tools to reflect the latest technology and solutions available to meet the needs of advisors."

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