Orion Advisor Services launched a new model marketplace application for advisors.
The new centralized marketplace, called Orion Communities, will allow advisors and strategists to share and access custom model portfolios while still controlling and implementing trade execution.
Orion Communities is an interactive peer-to-peer exchange that allows Orion clients utilizing its Eclipse trading platform, along with other strategists, to share model portfolios on an open-source platform.
Orion has partnered with asset management firms Russell Investments, BlackRock and CLS Investments, which will share their own models, portfolio building tools, market updates and commentaries with the Orion advisor community. Many of these models are being offered at zero charge for Orion clients on its Eclipse platform.