People Moves

Acquisition-Boosted Orion Stamps Up Sales Drive

Editorial Staff January 20, 2023

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The firm grew in 2022 via a series of acquisitions.

Orion, a fintech working with financial advisors, has appointed Tom McCarthy as executive vice president of sales. 

McCarthy has more than 20 years of industry experience, most recently in senior leadership roles at AssetMark working with both broker-dealers and registered investment advisors. McCarthy will lead Orion’s wealth management sales and strategic relationships teams.

The move comes after Orion bought Redtail Technology and TownSquare Capital. (See an article about the Redtail transaction here.)

“Having executed on our M&A strategy at Orion over the last few years and assembling a best-in-class TAMP platform complemented by a full-stack tech solution powered by Orion technology, we are well positioned to grow our wealth management business at Orion,” Ryan Beach, president of Orion Wealth Management, said. (“TAMP” stands for Turnkey Asset Management Platform. These are investment solutions for financial institutions.)

Orion’s platform services $3 trillion in assets under administration and $56 billion of wealth management platform assets (as of September 30, 2022). 

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