Nebraska-headquartered financial technology company, Orion Advisor Solutions has recently announced taking over a major share of Atlanta-based risk analytics and business intelligence platform- HiddenLevers, for an undisclosed amount.
Through this acquisition, Orion is looking forward to adding HiddenLevers application to its solutions, making them a part of the former company’s core technology platform, allowing the advisors to take over new businesses and dispel investor uncertainties by amplifying the ability of generating proposals customized to client’s specific needs. For example, Orion’s open-architecture model marketplace, within the Communities, would enable advisors to observe the effects of models and strategies on the overall risk profile of an investor’s portfolio.
Moreover, acquisition of HiddenLevers would further allow Orion to embed the former company’s capabilities within its business intelligence and compliance solutions. Speaking of which, Orion’s stress-testing capabilities would offer wealth management executives more insights into revenue and advisor performance while also helping with regulatory compliance. Besides, the M&A deal analytics would provide crucial intelligence to RIA consolidators.
In a statement released by Orion Founder and CEO, Eric Clarke, it was mentioned that the financial terms of the acquisition deal have not been disclosed yet. Additionally, the API architecture that HiddenLevers and Orion share are anticipated to make it quite easier for Orion to integrate the latter’s tech into the Orion portfolio.
On the other hand, while speaking on the conditions under which the acquisition took place, Mr. Clarke cited that it is high time for the tech providers to make a shift to solving investor problems and not just the investment problems. He added that the client experience needs to connect investing and planning to the discussions of what the investors really care about.
As per reliable reports, Orion officials also stated that deep integrations and APIs are already in place and committed joint customers have been providing proper feedback which would allow the company to bring the combined platform experience to the global markets anytime soon.