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Orion Portfolio Solutions

SEC-registered adviser since 2000Omaha, NECRD 107975

$64.8B
AUM
187,975
Clients
See fees
Fee
47
Advisory staff

From Form ADV filed 31 July 2026 · data retrieved 15 October 2026SEC record

Orion Portfolio Solutions is an investment adviser headquartered in Omaha, Nebraska, and registered with the SEC since 2000. Its clients include high-net-worth individuals, other individuals and investment companies. High-net-worth individuals account for 30% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Fee arrangements include a percentage of assets under management, fixed fees and performance-based fees. Orion Advisor Solutions, Inc. owns 75% or more of Orion Portfolio Solutions.

Clients

Orion Portfolio Solutions serves 187,975 clients, 19,151 of them high-net-worth individuals. The average client has about $345,000 with the firm, and high-net-worth clients hold 30% of its $64.8 billion in assets.

Regulatory assets by client type
  • Individuals166,226 clients30%
  • High-net-worth individuals19,151 clients30%
  • Investment companies11 clients17%
  • Pension and profit-sharing plans1,154 clients3%
  • Other investment advisers152 clients10%
  • OtherCorporations and other businesses, Other, Charitable organizations, State or municipal government entities10%

What it does

Orion Portfolio Solutions provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.

Orion Portfolio Solutions provided financial planning to 0 clients last fiscal year and advises no private funds.

82.4% of assets ($53.42B across 211,361 accounts) are managed with discretion; $11.42B across 64,680 accounts are not. $34.06B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Show the full table
Individuals (other than HNW)166,226
Regulatory AUM
$19,443,516,135
Share
30.0%
Avg. per client
$117K
High-net-worth individuals19,151
Regulatory AUM
$19,467,949,380
Share
30.0%
Avg. per client
$1.02M
Investment companies11
Regulatory AUM
$10,883,941,527
Share
16.8%
Avg. per client
$989.4M
Pension and profit-sharing plans1,154
Regulatory AUM
$2,093,561,809
Share
3.2%
Avg. per client
$1.81M
Charitable organizations79
Regulatory AUM
$30,074,588
Share
0.0%
Avg. per client
$381K
State or municipal government entities32
Regulatory AUM
$31,409,955
Share
0.0%
Avg. per client
$982K
Other investment advisers152
Regulatory AUM
$6,305,408,384
Share
9.7%
Avg. per client
$41.5M
Corporations and other businesses1,170
Regulatory AUM
$3,684,134,934
Share
5.7%
Avg. per client
$3.15M
OtherNot reported
Regulatory AUM
$2,902,138,639
Share
4.5%
Avg. per client
—
Total187,975

What the accounts hold

Separately managed account assets by class, year end

The filed percentages total 101%. The values below are shown as filed.

Exchange-traded equity securities
28%
Non-exchange-traded equity securities
1%
U.S. state and local bonds
4%
Investment grade corporate bonds
1%
Securities issued by registered investment companies or business development companies
62%
Cash and cash equivalents
4%
Other (Adrs, Warrants, Asset Backed Securities)
1%

Custodians

Orion Portfolio Solutions’ client accounts are held mainly at Fidelity, with 39% of managed assets, and Charles Schwab, with 37%. Orion Portfolio Solutions has custody of client assets.

Managed account assets by custodian
  • FidelityFidelity Brokerage Services LLC · Wilmington, DE · $25.04B39%
  • Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $24.00B37%
  • All other custodians$15.80B24%

Ownership and leadership

Orion Advisor Solutions, Inc. owns 75% or more of Orion Portfolio Solutions.

Who owns the firm
Orion Portfolio Solutions, LLC· the adviser

  • Orion Advisor Solutions, Inc.

    Control person · since September 2020

    Owns 75% or more of Orion Portfolio Solutions, LLC

  • GT Polaris Holdings, Inc

    Control person · since September 2020

    Owns 75% or more of Orion Portfolio Solutions, LLC

Leadership

  • Ronald Pruitt
    President
  • Mark Mayo
    Chief Financial Officer
  • Mark Audrain
    Chief Compliance Officer
  • Kylee Beach
    Chief Legal Officer/Secretary
  • Michael Forker
    EVP, Operations
  • Natalie Wolfsen
    CEO

Staff

  • 305 employees
  • 47 in advisory functions
  • 207 state-registered reps
  • 103 broker-dealer reps
  • 874 soliciting firms

Fees

Orion Portfolio Solutions is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Orion Portfolio Solutions’ fee rates are not included in this profile. Read its fee schedule in its SEC-filed brochure.

Offices and registrations

Besides its headquarters, Orion Portfolio Solutions has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Nebraska · 1 listed address

  • 17605 Wright ST, OmahaHQ

Other business names

Orion Portfolio Solutions has reported 1 other business name to the SEC.

  • Brinker Capital Investments

Registration details

Legal name
Orion Portfolio Solutions, LLC
Headquarters
17605 Wright ST, Omaha, NE 68130
Phone
859-426-2000
Website
www.orion.com
SEC file
801-57265
Structure
Nebraska LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Orion Portfolio Solutions have?

Orion Portfolio Solutions has 187,975 clients and manages $64.8 billion for them, as of July 2026. They include 166,226 other individuals, 19,151 high-net-worth individuals and 1,170 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026

What services does Orion Portfolio Solutions offer?

Orion Portfolio Solutions provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Orion Portfolio Solutions use?

Orion Portfolio Solutions’ separately managed account assets are held at Fidelity Brokerage Services LLC (Wilmington, DE), with $25,040,751,580 and Charles Schwab & Co., Inc. (San Francisco, CA), with $24,000,275,735. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 July 2026

How many financial advisors does Orion Portfolio Solutions have?

Orion Portfolio Solutions has 207 investment adviser representatives registered with state securities authorities, out of 305 employees, and 47 perform investment advisory functions. 103 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Orion Portfolio Solutions invest in?

At the end of its last fiscal year, Orion Portfolio Solutions’ separately managed accounts held 62% registered funds (mutual funds, ETFs, BDCs), 28% exchange-traded equities, 4% state and local bonds, 4% cash and equivalents, 1% non-exchange-traded equities, 1% investment grade corporate bonds and 1% adrs, warrants, asset backed securities. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Orion Portfolio Solutions?

Orion Portfolio Solutions’ direct owners are Orion Advisor Solutions, Inc. (75% or more) and GT Polaris Holdings, Inc (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026

How does Orion Portfolio Solutions get paid?

Orion Portfolio Solutions is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 31 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. Form ADV Part 2A brochure, dated 31 July 2026. Items 4, 5, 7, 12 and 15.
  3. IAPD firm record, CRD 107975.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. The logo is reproduced for identification from Orion Portfolio Solutions, website.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Orion Portfolio Solutions, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.