{"url":"https://nivawealth.com/firms/orion-portfolio-solutions-107975","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107975","regulatoryAum":64842135351,"crd":"107975","secFileNumber":"801-57265","legalName":"Orion Portfolio Solutions, LLC","displayName":"Orion Portfolio Solutions","website":"https://www.orion.com","linkedinUrl":"https://www.linkedin.com/company/orionwealthtech/","founded":null,"organization":"Nebraska limited liability company","fiscalYearEnd":"December","headquarters":{"street":"17605 Wright ST","city":"Omaha","state":"NE","stateName":"Nebraska","country":"United States","postalCode":"68130"},"tradeNames":["Brinker Capital Investments"],"registration":{"secApproved":"1 January 2000","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":305,"advisory":47,"brokerDealerReps":103,"insuranceAgents":0,"promoters":874},"aum":{"discretionary":53421780525,"discretionaryAccounts":211361,"nonDiscretionary":11420354826,"nonDiscretionaryAccounts":64680,"wrapProgram":34064293819,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":166226,"regulatoryAum":19443516135},{"label":"High-net-worth individuals","clients":19151,"regulatoryAum":19467949380},{"label":"Investment companies","clients":11,"regulatoryAum":10883941527},{"label":"Pension and profit-sharing plans","clients":1154,"regulatoryAum":2093561809},{"label":"Charitable organizations","clients":79,"regulatoryAum":30074588},{"label":"State or municipal government entities","clients":32,"regulatoryAum":31409955},{"label":"Other investment advisers","clients":152,"regulatoryAum":6305408384},{"label":"Corporations and other businesses","clients":1170,"regulatoryAum":3684134934},{"label":"Other","clients":null,"regulatoryAum":2902138639}],"fees":[],"feeNotes":[],"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Wilmington, DE","smaAssets":25040751580},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":24000275735}],"custodyNote":"Orion Portfolio Solutions has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Ronald Pruitt","title":"President","crd":"4437688"},{"name":"Mark Mayo","title":"Chief Financial Officer","crd":"7989584"},{"name":"Mark Audrain","title":"Chief Compliance Officer","crd":"7046010"},{"name":"Kylee Beach","title":"Chief Legal Officer/Secretary","crd":"6005280"},{"name":"Michael Forker","title":"EVP, Operations","crd":"6145134"},{"name":"Natalie Wolfsen","title":"CEO","crd":"3228035"}],"ownership":[{"label":"Orion Advisor Solutions, Inc.","detail":"Sole member in the 75% or more ownership band and a control person, since September 2020."},{"label":"Michael Burns","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P. and a control person, since September 2020.","parent":"GT Polaris Holdings, L.P."},{"label":"Todd Crockett","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P. and a control person, since September 2020.","parent":"GT Polaris Holdings, L.P."},{"label":"GT Polaris Holdings, Inc","detail":"Indirect owner: a stockholder of GT Polaris Midco, Inc. in the 75% or more band and a control person, since September 2020.","parent":"GT Polaris Midco, Inc."},{"label":"Genstar IX GP LLC","detail":"Indirect owner: general partner of Genstar Capital IX, L.P. and a control person, since September 2020.","parent":"Genstar Capital IX, L.P."},{"label":"GT Polaris Holdings, L.P.","detail":"Indirect owner: a stockholder of GT Polaris Holdings, Inc in the 75% or more band and a control person, since September 2020.","parent":"GT Polaris Holdings, Inc"},{"label":"Genstar Capital IX, L.P.","detail":"Indirect owner: general partner of GT Polaris GP, LLC. and a control person, since September 2020.","parent":"GT Polaris GP, LLC."},{"label":"Genstar Capital Partners IX, L.P.","detail":"Indirect owner: 50% member of GT Polaris GP, LLC. and a control person, since September 2020.","parent":"GT Polaris GP, LLC."},{"label":"GT Polaris GP, LLC.","detail":"Indirect owner: general partner of GT Polaris Holdings, L.P. and a control person, since September 2020.","parent":"GT Polaris Holdings, L.P."},{"label":"Ta Associates Cayman, LLC","detail":"Indirect owner: 50% member of GT Polaris GP, LLC. and a control person, since September 2020.","parent":"GT Polaris GP, LLC."},{"label":"Siddharth Ramakrishnan","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P. and a control person, since September 2020.","parent":"GT Polaris Holdings, L.P."},{"label":"Anthony Salewski","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P. and a control person, since September 2020.","parent":"GT Polaris Holdings, L.P."},{"label":"Lori Hardwick","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P., since October 2020.","parent":"GT Polaris Holdings, L.P."},{"label":"Charles Goldman","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P. and a control person, since July 2022.","parent":"GT Polaris Holdings, L.P."},{"label":"Natalie Wolfsen","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P. and a control person, since October 2023.","parent":"GT Polaris Holdings, L.P."},{"label":"Jeffrey Dekko","detail":"Indirect owner: elected manager of GT Polaris Holdings, L.P., since October 2025.","parent":"GT Polaris Holdings, L.P."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Nebraska","offices":1,"addresses":[{"street":"17605 Wright ST","city":"Omaha","headquarters":true}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"1000 Continental Drive","city":"King of Prussia"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"859-426-2000","stateRegisteredReps":207,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":28},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. state and local bonds","percent":4},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":62},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":1,"detail":"Adrs, Warrants, Asset Backed Securities"}],"privateFunds":0},"sources":{"adv1FilingDate":"31 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107975/PDF/107975.pdf","brochureDate":"31 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053495","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"logo":{"src":"/firms/orion-portfolio-solutions-107975.webp","width":608,"height":200,"tone":"light","sourceLabel":"Orion Portfolio Solutions, website","sourceUrl":"https://orion.com/"},"otherBusiness":[],"faq":[{"question":"How many clients does Orion Portfolio Solutions have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Orion Portfolio Solutions offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Orion Portfolio Solutions use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Orion Portfolio Solutions have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Orion Portfolio Solutions invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Orion Portfolio Solutions?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Orion Portfolio Solutions get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}