Together with a normal development of elevated business consolidation, mergers and acquisitions throughout the advisor expertise panorama, the previous couple of years have seen a rise within the tempo of inter-firm personnel churn.
The newest instance of the latter is that this week’s announcement that Arun Anur has joined Orion as the corporate’s chief working officer, efficient as of Dec. 9, 2024.
Anur most just lately served as COO of Envestnet’s Yodlee account aggregation, information and analytics unit.
In line with an Orion spokesperson, the chief working officer is a brand new government management function and can oversee consumer expertise supply, together with service, operations, information reconciliation and onboarding.
“Arun’s deep business expertise and confirmed observe report will guarantee we’re delivering a constantly distinctive consumer expertise, seamless service and operational excellence by means of our dependable methods and help,” Orion CEO Natalie Wolfsen wrote within the assertion saying Anur’s appointment.
December was a busy month for Orion, which introduced the acquisition of Summit Wealth Methods, a next-generation portfolio administration and reporting platform and the appointment of its co-founder and CEO, Reed Colley, as president of Orion Advisor Expertise.
Colley stories on to Wolfsen and replaces Brian McLaughlin, who stepped down in August.
Additionally in December, Orion introduced that former Envestnet government and business analyst Chris Shutler was becoming a member of because the agency’s head of technique and would lead market evaluation efforts and assist decide areas for potential development by means of M&A (he stories to Orion CFO Mark Mayo, who joined the corporate in September).
Lastly, in December, Voya Monetary introduced it had constructed a brand new expertise platform for its advisor enterprise in collaboration with Orion. The Voya WealthPath platform is now out there to about 450 advisors affiliated with the Voya Monetary Advisors dealer/seller.