Orion and Summit Wealth Systems Unite to Transform Wealth Tech

Orion's Strategic Acquisition of Summit Wealth Systems

Orion has successfully completed the acquisition of Summit Wealth Systems, marking a significant milestone in the evolution of wealth technology. This acquisition allows Orion, known for its innovative wealthtech solutions, to enhance its offerings and better serve financial advisors and enterprises alike.

Leadership Transition with Reed Colley

With the acquisition now finalized, Reed Colley, co-founder and former CEO of Summit, steps into his new role as President of Orion Advisor Technology. Colley's proven track record in wealth management technology makes him an asset to Orion, where he reports directly to CEO Natalie Wolfsen.

Seamless Integration for Enhanced Advisor Experience

Natalie Wolfsen shared her enthusiasm for this transition, stating, "Today, we welcome Reed Colley and the Summit team to Orion, beginning a new chapter that focuses on enhancing advisor workflows. Our goal is to provide advisors with the tools they need to foster strong investor relationships while optimizing their processes." This statement underscores the company’s commitment to offering cutting-edge solutions designed to meet the complex needs of financial professionals.

Summit Wealth Systems' Impact on Orion's Ecosystem

Founded in 2019, Summit has made a name for itself by providing innovative technology solutions tailored to wealth management advisors. Colley expressed his excitement for the integration, identifying it as a potential game-changer in the fintech sector: "The integration of Summit into the Orion platform promises to deliver unmatched value to financial advisors and their clients. Together, we will create an unparalleled suite of capabilities in wealth management software."

Strengthening Existing Client Relationships

The transition is designed to be smooth for Summit’s current clients. All relationships are set to remain intact, ensuring that customers will continue to receive top-tier support without interruption. The Summit brand will become a part of Orion, yet its software will be available both as a standalone product and integrated into the comprehensive offerings of Orion.

Upcoming Webinar and Future Roadmap

To further inform their audience about the acquisition and what it means for clients, Orion will host a webinar featuring Reed Colley and Trent Mumma, the Chief Product Officer. This event will provide valuable insights into the future direction of the company and an opportunity to demo Summit’s software.

About Orion

Orion has carved out a leading position in the wealth management technology landscape, transforming how financial advisors operate. The company facilitates a cohesive connection between Prospecting, Planning, Investing, and Achieving financial goals through their tech-enabled fiduciary process. Orion services a staggering $4.7 trillion in assets under administration and oversees $72.5 billion in wealth management platform assets, ensuring a robust technology backbone for thousands of advisory firms.

Summit Wealth Systems: A Commitment to Innovation

Solidifying its reputation, Summit Wealth Systems has received accolades over recent years, including multiple awards within the industry for its innovative approaches. As part of the Orion group, Summit's platform aims to empower advisors to simplify complex tasks while providing exceptional client service. Notably, the emphasis on user experience is a core part of Summit's strategy, evidenced by positive feedback from both advisors and clients.

Fostering a Complete Technology Ecosystem

The merger between Orion and Summit Wealth Systems represents a broader trend in the financial technology realm toward integration and synergy among service providers. The aim is to create a streamlined technology ecosystem that nurtures advisor-client relationships and drives overall success.

Frequently Asked Questions

1. What does the acquisition of Summit Wealth Systems entail for Orion?

The acquisition allows Orion to enhance its technology offerings and provide improved solutions for financial advisors by integrating Summit’s innovative tools.

2. Who is Reed Colley?

Reed Colley is the co-founder of Summit Wealth Systems and now serves as the President of Orion Advisor Technology, bringing extensive experience in wealth management tech.

3. Will existing Summit clients experience any service disruptions?

No, Summit clients will maintain their existing support structures and will not face disruptions during the integration process.

4. What innovations can clients expect from the merger?

Clients can anticipate enhanced technological solutions that streamline workflows, improve client engagement, and provide comprehensive support.

5. How can advisors learn more about the integration benefits?

Advisors are encouraged to attend the upcoming webinar hosted by Orion featuring leaders from both companies, where detailed insights and demos will be presented.

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