Efficiencies, Scalability and Customization Position Firm to Accelerate Growth and Focus Resources on Serving Clients
Orion Advisor Services, LLC ("Orion"), a premier portfolio accounting service provider, has been selected as a provider of portfolio accounting services by Brookstone Capital Management, LLC ("Brookstone"), a growing fee-based Registered Investment Advisor ("RIA") that has accumulated $700 million in assets under administration in the seven years since its inception.
As a strategic partner to fuel Brookstone's growth, Orion is integrating a customized and streamlined portfolio accounting solution along with customized billing and reporting tools.
Brookstone's advisors will also gain the benefits of the innovative Orion Connect application in order to access all of Orion's portfolio accounting and rebalancing tools from a single platform on Salesforce.com's customer relationship management ("CRM") system.
"These are the initial steps in what we anticipate to be an extensive integration of our portfolio accounting and rebalancing suite with the financial planning, custodial and CRM programs to maximize Brookstone's resources," said Eric Clarke, President and CEO of Orion. "Brookstone is a dynamic firm that is rapidly growing and we are proud to be a partner in their future success."
Orion will be integrating its entire portfolio accounting and rebalancing suite with the financial planning, custodial and CRM programs that are best fit for Brookstone's business, providing Brookstone's advisors with a full suite of back-office solutions to increase efficiencies and ensure resources are devoted to client retention and practice growth.
Wheaton, Ill.-based Brookstone was founded in 2006 and provides customized wealth management solutions designed to assist clients with developing and implementing intelligent long-term investment strategies. The firm's network of highly trained independent advisors leverage investment intelligence and proprietary model portfolios - which are shaped according to an investment process that includes regular meetings with industry leading portfolio managers, rigorous quantitative and qualitative analysis and thorough due diligence.
Brookstone's exceptional growth earned it a place on Financial Advisor magazine's 2011 list of the top independent RIAs. In the magazine's list of the top 50 fastest-growing firms that year, Brookstone was ranked sixth. Its assets under administration grew by 147.9 percent in 2010 alone, with 85.93 percent growth in assets per client.
"We searched extensively for the optimal back-office technology provider, and it quickly became clear that Orion was the best choice for our firm," said Dean Zayed, President and CEO of Brookstone. "Orion stands alone in their ability to give our advisors the exact tools they need to create better efficiencies that will accelerate our growth."