Orion Portfolio Solutions (OPS) provides investment advisory services through various programs, including Orion Portfolio Solutions and Brinker Capital Investments. OPS works with investment advisors to offer services to clients, including investment management, trading, and billing. OPS offers co-advisory, solicitor, and sub-advisory relationships. Clients grant OPS discretion to manage their accounts, with the level of discretion depending on the relationship type. OPS offers a variety of proprietary and non-proprietary investment management programs.
Fee Structure
Orion Portfolio Solutions offers various investment management programs with different fee structures. Fees are based on a combination of administrative fees and strategist fees. The administrative fee is what Orion charges for its advisory services. The strategist fee is for the specific investment strategy or model selected. Fees are paid monthly or quarterly, either in advance or in arrears, depending on the service.
Here are some examples of programs and their fees:
- Wealth Advisory: 0.65% plus strategist fees (varies)
- Disciplined Equity: Fees range from 0.10% to 0.35% plus strategist fees (0.10% - 0.15%)
- Orion Custom Indexing: 0.15%
There is also an annual $75 fee for each account or sleeve used in a client's household for households with assets on the platform valued at less than $100,000.