Orion Trading: Tax-Intelligent Portfolio Rebalancing for Advisors

Tax-Intelligent Trading at Scale

Run Trading at Firm Scale

Orion Trading is a rebalancing platform designed for advisor firms operating at volume. It enables household-level rebalancing, daily tax-loss harvesting, and multi-custodian routing from a single workflow. This allows teams to execute at firm scale while delivering tax-efficient outcomes for clients.

Scale Trading Without Scaling Headcount

• ​Household-level rebalancing
• ​Daily tax-loss harvesting
• ​Multi-custodian routing

Trade with Accuracy

Increase efficiency and provide greater value to clients through a fully customizable trading and rebalancing platform.

Leverage Tax-Efficient Rebalancing

• ​Scale operations with household-level rebalancing and asset location optimization.

Personalize Your Model Setup

• ​Break an account into multiple sub-accounts ("sleeves") for separate trading, reporting, and billing.

Minimize Taxable Gains

• ​Capitalize on daily tax-loss harvesting opportunities.
• ​Adjust tax sensitivity for each client.

Access Advanced Cash Monitoring

• ​Automate monitoring of cash requirements in portfolios.

Key Metrics

• ​85% of the largest clients use Orion Trading to streamline their business.
• ​99% of the time, brokerage assets are reconciled before the market opens.

Transform Your Trading Game

Trading is a mission-critical component of every financial advisory firm. Leveraging a tax-efficient, automated trading platform can positively impact client portfolios and back-office operations without compromise.

The Orion Advantage

Orion Trading is available as a standalone solution or as part of the Essentials and Advantage Stacks. Features include:

• ​Block trading
• ​Custom workflows
• ​Automatic alerts
• ​Pre-trade reviews
• ​Direct trade orders to participating custodians

Spend Less Time in Your Software

• ​Faster trade processing
• ​Automated workflows

Frequently Asked Questions

What is Orion Trading?

Orion Trading is a portfolio rebalancing and trading platform for financial advisor firms, RIAs, and broker-dealers. It supports household-level rebalancing, sleeve-based account management, daily tax-loss harvesting, asset location optimization, and direct trade routing to multiple custodians.

What does household-level rebalancing mean?

Household-level rebalancing manages all of a household's accounts—taxable, IRA, Roth, trust, joint—as a single portfolio. Asset-location optimization places tax-inefficient holdings in tax-advantaged accounts and tax-efficient holdings in taxable accounts, improving after-tax outcomes without changing the household's overall allocation.

How does Orion Trading handle tax-loss harvesting?

Orion scans portfolios daily for tax-loss harvesting opportunities and surfaces them in the trading workflow. Advisors can adjust tax sensitivity per client, set wash-sale rules, and execute harvest trades alongside other rebalancing actions in one trade ticket.

Which custodians does Orion Trading connect to?

Orion Trading connects directly to major U.S. advisor custodians. Trade orders flow from one Orion workflow to multiple custodians simultaneously, eliminating the need for multiple tabs.

How does Orion Trading compare to iRebal and Tamarac Rebalancing?

Orion Trading is integrated with the rest of the Orion stack—including portfolio accounting, billing, planning, and the client portal—while iRebal and Tamarac Rebalancing are typically deployed alongside separate accounting and reporting platforms. For Orion clients, Orion Trading reads from the same source of truth as reporting and billing, removing the need for cross-system data synchronization.

What are "sleeves" in Orion Trading?

Sleeves split a single account into multiple sub-accounts, each managed against a different model or strategy. This allows advisors to trade, report, and bill on one client account as if it were multiple, useful for blending direct indexing, third-party strategists, and proprietary models inside a single household.

Does Orion Trading support pre-trade compliance reviews?

Yes. Pre-trade compliance reviews are part of the Orion Advantage Stack. The platform runs a configurable rule set against pending orders before they reach the custodian, flagging any issues for review.

How does Orion Trading integrate with Risk Intelligence and Compliance?

Orion Trading reads risk profiles and compliance rules from Orion Risk Intelligence and Orion Compliance, so portfolios trading out of tolerance against risk constraints or compliance policies surface in one alert workflow.

How much does Orion Trading cost?

Pricing is based on firm size, trading volume, and configuration. Trading is available as a standalone module or as part of the Essentials and Advantage Stacks. Contact Orion for a tailored quote.

Who is Orion Trading built for?

Orion Trading is built for advisor firms running meaningful trading volume—typically RIAs, multi-advisor practices, broker-dealers, and family offices that need to rebalance hundreds or thousands of accounts efficiently while staying tax-aware. Solo practitioners with low trading volume can use it but get the most value at firm scale.

Source: Proprietary Orion data, as of 7/28/2023.

1580-U-26142