Orion merges with Brinker Capital to form $40 billion TAMP
The deal creates the fourth largest turnkey asset management platform, behind Envestnet, SEI and AssetMark
June 27, 2020 | Sean Allocca | Investment News
Orion Advisor Solutions is merging with competing turnkey asset management platform Brinker Capital to create an investment management firm and technology provider with approximately $40 billion in managed assets.
The merger opens potential opportunities for the combined company and gives it the necessary scale to contend in a highly competitive industry — just behind TAMP powerhouses like Envestnet, SEI and AssetMark in terms of assets.
Private-equity firm Genstar Capital will invest in the business, as will Orion’s existing backer, TA Associates, according to a release. Brinker’s founder, Charles Widger, other Brinker executives, including CEO Noreen Beaman, and Orion CEO Eric Clarke are also minority investors.
