RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

What exactly to make of the Barron's article about Orion being listed for sale by Raymond James for $1.8 billion -- and how it boils down to 'when', not if

Orion CEO is insists no formal action is taking place but majority stakeholder, TA Associates, declines to back him up, Barron's isn't backing down and Orion admits its five-year anniversary with TA marks a sell-by date.

Author Oisin Breen January 18, 2020 at 2:03 AM
1 Comment
no description available
Eric Clarke: '[I'm] CEO of the business, [so] I feel like I'd have a very good say in [any] transition, what those next steps would be and plan to be highly involved and engaged in that process ... [with a sale] most likely in my opinion to another financial sponsor, another private equity firm.

TAMPs

|

Technology


Coach Maria

Coach Maria

January 22, 2020 — 1:06 AM
Well as far as the "are we or aren't we". So many employees, over so many years, have been at firms and heard rumblings of mergers, buy outs, etc. Having been at Reynolds Securities, Inc. - an institutional house at the time, we heard rumblings for more than 2 years. Our owner, Mr. Stanley said "over his dead body". Then he died. We were told no way, never happening, they were too big and in a different niche. Then the day came where we walked into work and read about a (so called) merger on Reuters, like everyone else. We were now part of Dean Witter - a retail shop, which became Dean Witter Reynolds, then just Dean Witter, before Morgan Stanley bought them. I say... believe the rumors!

Related Moves

May 22, 2023 at 5:13 PM

Noreen Beaman steps down as president of Orion Advisor Solutions after Brinker migrates to Orion software and enterprise deals 'prove out'

The former Brinker CEO oversaw an 18-month transition of her then $26-billion TAMP and will remain as vice chair of the company after 'mutual' decision on role changes.

February 10, 2022 at 2:22 AM

Brad Shepard unexpectedly resigns from Orion Advisor Services after 10 months, and his chief strategy officer position will remain vacant, the company says

The Nashville, Tenn. executive came aboard to create a 'go-to-marketing strategy' for Brinker, HiddenLevers and legacy units but gave his notice this week.

January 7, 2022 at 11:40 PM

Reed Colley is back as Orion's president with the immense task of taking its legacy RIA technology and making it into a dream experience -- with help from data stores and AI

Colley sold Black Diamond to Advent in 2011 and rose to the top, but the challenge is greater this time because he doesn't have the same software tabula rasa, sources say.

December 20, 2024 at 2:18 AM

See more related moves

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.