Assessment
Orion software covers Redtail CRM, planning, portfolio accounting, billing, tax-aware trading, compliance, risk analytics, and a client portal. Its registered advisers provide a TAMP, custom indexing, and OCIO services. Denali AI, launched in February 2026, is now offered in three tiers, and the first tier is included at no extra cost. As of June 30, 2026, Orion reports platform assets of $6.6 trillion and 8.6 million technology accounts, and says 17 of the top 20 firms on Barron's 2025 RIA list use its technology.
List prices are easier to find than at most peers in this sector. Tech stacks start at $13,000, $18,000 or $28,000 a year. Redtail seats and compliance modules have published list prices, and the TAMP's tiered platform fees are set out in its SEC brochure. The 2026 T3 survey, which Orion helped sponsor, placed Orion first by market share in CRM, portfolio management and all-in-one software. User ratings split both ways: above the category average for portfolio management and all-in-one software, and below the category average for CRM, planning and trading. Funds of Genstar Capital and TA Associates hold a majority, and TA's investment dates to 2015.
Scenarios
| Scenario | Suitability | Why |
|---|---|---|
| Shifting an RIA to a single technology vendor | Well suited | CRM, planning, accounting, trading and compliance share connected data, and stacks begin at $13,000 a year. |
| Handing portfolio management to an outside manager | Well suited | Orion Portfolio Solutions operates strategist, SMA and UMA programs and, at the end of 2025, managed $53.4 billion on a discretionary basis. |
| Billing and reporting where several custodians are used | Well suited | Data from each custodian is reconciled into one view, and trading links directly to multiple custodians. |
| Custody needs of a new or breakaway RIA | Not suited | Because Orion does not keep client assets, the firm must also sign with a custodian such as Schwab or Fidelity. |
Built for
Independent RIAs, broker-dealers and enterprise advisory firms seeking CRM, portfolio accounting, trading and compliance from a single vendor, with room to outsource investment management at a later time.
Less suited to
Firms wanting custody and software from the same provider, or advisors who select tools mainly by user ratings, because Redtail and Orion Planning came in under their category averages in the 2026 T3 survey.
Who should consider it
Likely to suit
- Independent RIAs and broker-dealers that want most of their tools from a single vendor
- Firms expanding through acquisitions while accounts sit at several custodians
- Advisors who might later outsource investment management
Unlikely to suit
- Firms that want custody and software from a single provider
- Advisors who weigh CRM user ratings more heavily than platform breadth
- Buyers who want a final quote before they take any sales call
Rating by criterion
How the eight criteria that form the rating for Orion are each scored out of 100.
Sector criteria
Reporting that covers Schwab, Fidelity, Pershing and other custodians, held-away accounts brought in by aggregation, and a TAMP menu of strategist models, SMAs, UMAs, 2,700+ mutual funds, custom indexing and a digital assets portfolio; custody remains with third parties.
Portfolio accounting, billing, reporting, tax-aware trading, Redtail CRM, planning, compliance, risk analytics, proposals, a client portal and app, and Denali AI. User ratings in the 2026 T3 survey ranged from 6.63 for planning to 7.83 for the all-in-one suite.
Integration partners number more than 100 and cover custodians, planning and data. An API is documented on a developer portal, with OAuth, SAML single sign-on, webhooks and bulk extracts, and the top stack streams data to Amazon Redshift.
Orion Portfolio Solutions, an SEC-registered adviser, and IAPD shows no flagged disclosures, runs the TAMP, while TownSquare Capital runs OCIO. A trade desk and a professional services team take back-office work, and custody and clearing remain with third parties.
Vendor criteria
Denali AI launched in February 2026. Orion received ISO/IEC 42001 certification for its AI management in June and divided Denali into three tiers in July. It also acquired Summit Wealth Systems in January 2025.
Chat, phone, email and co-browsing, specialist teams covering billing, trading and performance, weekly webinars, a professional services team and free CE courses. Orion claims that 90% of requests are answered within 60 seconds, and that figure rests on 2023 data.
Tech stacks begin at $13,000 a year, Redtail is $39 or $59 per user a month when billed yearly, compliance modules begin at $8,500 a year, and TAMP fees are tiered in the Form ADV. Enterprise deals are quoted by sales.
Redtail billing can be monthly, though enterprise plans require a minimum license commitment. TAMP clients may exit at any time after written notice and pay $75 per account for a full outgoing transfer or a non-ACAT transfer. Terms of the software contract are not published.
Against its peers
How Orion compares with other companies we rate in Wealth & brokerage platforms.
User comments
Brief quotes drawn from public reviews posted by users of Orion. Each one links to the review where it appeared. We omit sites where vendors pay to be featured or pay for a review, plus any review the site flags as incentivized.
Fact file
| Scale | Platform assets of $6.6 trillion and 8.6 million technology accounts as of June 30, 2026, according to Orion Source |
|---|---|
| 2026 T3 survey | Market-share leader in CRM (Redtail, 42.53%), portfolio management (18.62%) and all-in-one software (9.74%); Orion was among the survey's sponsors Source |
| Tech stack prices | Foundation, Essentials and Advantage stacks are priced from $13,000, $18,000 and $28,000 a year Source |
| TAMP platform fee | 0.35% on the first $100,000, stepping down to 0.10% above $1 million, for the Strategist, SMA and Advisor Directed programs, along with strategist and advisor fees Source |
| Registered adviser | Orion Portfolio Solutions, LLC, SEC file 801-57265, listed active, and IAPD shows no flagged disclosures Source |
Source pages
- Orion homepage: https://orion.com/ (As of September 24, 2026)
- Orion about us: https://orion.com/about-us (As of September 24, 2026)
- Orion Stacks pricing: https://orion.com/orion-stacks (As of September 24, 2026)
- Orion Compliance plans: https://orion.com/advisor-tech/compliance/plans (As of September 24, 2026)
- Redtail CRM pricing: https://redtailtechnology.com/pricing (As of September 24, 2026)
- Orion Portfolio Solutions TAMP: https://orion.com/wealth-management/tamp (As of September 24, 2026)
- Orion training and support: https://orion.com/training-support (As of September 24, 2026)
- Orion developer guides: https://developers.orionadvisor.com/guides/ (As of September 24, 2026)
- Orion passes $6 trillion and expands Denali, July 2026: https://orion.com/news/orion-rockets-past-6-trillion-assets-and-sets-ai-native-standard-wealth-management (As of September 24, 2026)
- 2026 T3/Inside Information Software Survey report: https://t3technologyhub.com/wp-content/uploads/2026/03/2026-T3_Inside-Information-Software-Survey.pdf (As of September 24, 2026)
- Orion Portfolio Solutions Form ADV Part 2A, filed July 31, 2026: https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053495 (As of September 24, 2026)
- SEC IAPD: Orion Portfolio Solutions, LLC: https://adviserinfo.sec.gov/firm/summary/107975 (As of September 24, 2026)
- TA Associates portfolio: Orion Advisor Solutions: https://www.ta.com/portfolio/investments/orion-advisor-solutions/ (As of September 24, 2026)
How this rating was made
This profile gives our own assessment of Orion to companies selecting a Wealth & brokerage platforms provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Orion gave us no payment for the profile.
The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.
Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, and filings. This profile had no lab tests, and no accounts were opened. Fact-checking took place on September 24, 2026.
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