Orion Advisor Solutions Founder and CEO Eric Clarke Announces Intention to Retire by Year-End

Board initiates successor search, Eric to remain on Board of Directors

OMAHA, Neb.--(BUSINESS WIRE)--Orion Advisor Solutions, the premier provider of transformative wealthtech solutions for fiduciary advisors, today announced a significant milestone in the company’s journey as Eric Clarke, founder and CEO, informed the Board of Directors of his intent to retire from Orion by the end of 2023. Eric will continue to serve on Orion’s Board of Directors and will work with the Board on a smooth leadership transition.

“As Orion approaches our 25-year anniversary in 2024, I’ve recognized this as the right time for me to retire from the CEO role while remaining an active member of the company’s Board of Directors,” said Eric Clarke. "I want to express my sincere gratitude to our advisor clients, team members, Board, and all involved in the RIA industry. I am humbled and grateful to be part of what we've built together over the past two-and-a-half decades."

Executive Chair of the Board, Charles Goldman is leading the CEO search along with a search committee of the Board. As the search for Orion’s new CEO commences, Charles shared his commitment to finding the right leader for the company's continued success: "In the coming weeks and months, the search committee and I will be working diligently to identify a successor who embodies Orion’s values, shares our vision, and possesses the leadership qualities necessary to lead this great company. The selection process will be thorough and thoughtful, ensuring that we find the right individual to lead Orion into the future, building on strong momentum and executing our vision to serve independent advisors with an integrated suite of fully connected, disruptive technology and investment solutions on an open architecture platform.”

"In my role as an Orion Board member and most recently as Executive Chair of the Board, I've witnessed Eric's unwavering passion and commitment to serving Orion's advisor clients, team members, and the industry as a whole. He is a visionary, high-integrity leader who has helped grow and transform the RIA and wealthtech industries. The Orion Board of Directors and I have the utmost respect for him as a leader and as a person,” Goldman said. “We're grateful to have Eric remain on the Board and support his successor, setting them up for success. Eric's retiring at a high point in Orion's journey, and we will now capitalize on his wealth of knowledge and experience while enabling fresh perspectives and ideas to shape our future."

Eric continues as Orion’s CEO until the successor is in place. Following that, he will assume a supporting leadership role until the end of 2023 and continue beyond year-end providing strategic direction and counsel as a member of Orion’s Board of Directors.

1391-oas-5/22/2023

About Orion Advisor Solutions

Orion is a premier provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to Prospect, Plan, Invest, and Achieve within a single, connected, technology-driven experience. Combined, our brand entities, Orion Advisor Tech, Orion Portfolio Solutions, Brinker Capital Investments, Redtail Technology, and Orion OCIO create a complete offering that empowers firms to attract new clients seamlessly, connect goals more meaningfully to investment strategies and outcomes, and ultimately track progress toward each investor’s unique definition of financial success. With the addition of Redtail and Orion OCIO, the combined platform services $3.6 trillion in assets under administration and $61.7 billion of wealth management platform assets (as of March 31, 2023). Supporting over 5 million technology accounts and thousands of independent advisory firms, Orion is the platform of choice for all growth-focused advisory firms looking to strengthen their client relationships, gain a competitive edge in a crowded marketplace, and build strong, profitable businesses. Learn more at Orion.com.