Orion Portfolio Solutions, LLC (Omaha)

Name: Orion Portfolio Solutions, LLC
Address: 17605 Wright St, Omaha, NE, 68130
Telephone: 859-426-2000

Orion Portfolio Solutions, LLC is a multi-state adviser based in Omaha. It manages $7.11 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Orion Portfolio Solutions provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as asset allocation administration and recordkeeping.

Orion Portfolio Solutions: assets under management

The assets under management (AUM) of Orion Portfolio Solutions, LLC is $7.11 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in state and local bonds the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Orion Portfolio Solutions, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ryan Bruce Beach serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Ryan Bruce Beach is high net worth individuals with 2 clients and $6.11 million of assets under management. Among the 4 most similar advisory firms, Orion Portfolio Solutions has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $7.11 million for 14 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Orion Portfolio Solutions doesn't advise any private funds.

Careers at Orion Portfolio Solutions, LLC

The company employs 143 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 45 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ryan Bruce Beach has been acting as President since 1 Jan 2019. John Russel Vanneman has served as the Chief Investment Officer since 1 Jan 2019 and Dean William Cook is the Chief Executive Officer of Orion Portfolio Solutions, LLC family office. Kylee Marie Beach joined the executive team most recently as the General Counsel/Secretary/Elected Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dean William Cook	Chief executive officer	1 Jan 2012	Other	2539364
Llc Orion Advisor Services	Sole member	1 May 2018	75% - 100%	82-5422286
Michael Wilford Forker	Chief compliance officer	1 Jun 2018	Other	6145134
Ryan Bruce Beach	President/chief operating officer/elected manager	1 Jan 2019	Other	5976659
Mark Daniel Applegarth	Chief financial officer/elected manager	1 Jan 2019	Other	5243868
John Russel Vanneman	Chief investment officer	1 Jan 2019	Other	2014443
Kylee Marie Beach	General counsel/secretary/elected manager	1 Sep 2019	Other	6005280
Kyle William Hiatt	Chief revenue officer	1 Sep 2019	Other	3055130
Eric Reese Clarke	Elected manager	1 Sep 2019	Other	2917776
Jonathan Russell Baum	Elected manager	1 Sep 2019	Other	1155906
William Sayler Wostoupal	Chief of strategic relationships	1 Sep 2019	Other	2429802
Randy Thomas Lambert	Chief operations officer	1 Sep 2019	Other	2211730

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Ta Associates Xi Gp	General partner	1 Apr 2009	Other	26-4726952
L.P. Ta Associates	General partner	1 Jun 2011	Other	04-3205751
Llc Northstar Topco	Sole member	1 Apr 2015	75% - 100%	47-4238888
Todd Patrick Clarke	Elected manager	1 Apr 2015	Other	2302776
Eric Reese Clarke	Elected manager	1 Apr 2015	Other	2917776
Michael Roy Burns	Elected manager	1 Apr 2015	Other	4053153
Todd Richard Crockett	Elected manager	1 Apr 2015	Other	5886142
Clara Elizabeth Maddox	Elected manager	1 Apr 2015	Other	4870251
Vernon Richard Barback	Elected manager	1 Apr 2015	Other	4347165
Jonathan Russell Baum	Elected manager	1 Apr 2015	Other	1155906
L.P. Ta Xi Ns Aiv	Member	1 Apr 2018	50% - 75%	30-0867180
Llc Northstar Financial Services Group	Members owning 100%	1 May 2018	75% - 100%	22-3893560
Dean William Cook	Elected manager	1 May 2018	Other	2539364

Based in Omaha

The principal office where Orion Portfolio Solutions, LLC performs its advisory services is located at 17605 Wright St, Omaha, NE 68130 The mailing address of the firm is 2300 Litton Lane, Hebron, KY 41048. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 859-426-2000 or by fax 859-426-2050. The normal business hours are 8:30 - 5:00 est on Monday - Friday. You can find more information about the New York firm at ftjfundchoice.com.