Orion Releases Rebalancing Capabilities at 'Household' Level

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.