Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Eric Clarke

Industry Spotlight > RIAs

Orion CEO Set to Retire

Your article was successfully shared with the contacts you provided.

Orion Advisor Solutions says CEO Eric Clarke plans to retire by year-end. Clarke, who founded the firm in late 1999, will continue to serve on Orion’s board of directors and intends to “work with the board on a smooth leadership transition,” the turnkey asset management provider said late Monday.

“As Orion approaches our 25-year anniversary in 2024, I’ve recognized this as the right time for me to retire from the CEO role while remaining an active member of the company’s board of directors,” Clarke said in a statement.

“I want to express my sincere gratitude to our advisor clients, team members, board, and all involved in the RIA industry,” he added. ”I am humbled and grateful to be part of what we’ve built together over the past two-and-a-half decades.”

The news of Clarke’s retirement comes one week after Orion named Charles Goldman executive chair of its board of directors. Goldman, the former head of AssetMark, will lead the firm’s search for a new CEO. He joined Orion’s board in September and also serves on the strategic advisor board of the private equity firm Genstar Capital.

“In my role as an Orion board member and most recently as executive chair of the board, I’ve witnessed Eric’s unwavering passion and commitment to serving Orion’s advisor clients, team members, and the industry as a whole,” Goldman said in a statement.

“He is a visionary, high-integrity leader who has helped grow and transform the RIA and wealthtech industries,” he added. ”The Orion board of directors and I have the utmost respect for him as a leader and as a person.”

Including the operations of the recently acquired Redtail Technology and Orion’s outsourced chief investment officer business, its platform had some $3.6 trillion in assets under administration and $61.7 billion of wealth management assets as of March 31.

(Pictured: Eric Clarke)


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.