Product & Service Launches – 7/3/24

Orion Launches Stand-Alone Trading Solution, Bundle for New Advisers

Orion Advisor Solutions has introduced a stand-alone trading solution and bundled offerings to provide more flexibility to fiduciary advisers. According to the Omaha-based company, its new products allow advisers to customize their technology and wealth management solutions, from fully in-house to fully outsourced options.

“At Orion, we are on a mission to build a wealthtech community where every adviser and investor can thrive,” said Natalie Wolfsen, Orion’s CEO, in a statement. “By offering a unified, flexible ecosystem, we aim to provide unrivaled opportunities for all advisers to set their growth plans and scale their business on their terms.”

Earlier this year, Orion began offering its risk and compliance supervision solutions as stand-alone products. It is now adding a trading product to this menu, providing an integrated trading and rebalancing solution that advisers can leverage alongside their existing platforms. The trading solution includes a portfolio rebalancing engine; order and execution management system; and direct custodian feeds.

Additionally, Orion launched the Foundation Stack, aimed at smaller registered investment advisory firms and those new to RIA business. This bundle includes discounts on Orion’s client portal, mobile app, portfolio accounting and full reporting functionality.

Netchex Partners With Vestwell on 401(k) Plan for Small, Midsize Employers

Netchex, a payroll and benefits administrator, has introduced Netchex 401k, a retirement savings option powered by recordkeeper Vestwell to help small and midsize businesses provide competitive retirement benefits with minimal administrative burden.

“We are thrilled to unveil Netchex 401k in partnership with Vestwell, a solution specifically designed to remove the barriers that prevent businesses from offering a retirement savings benefit,” said Netchex CEO Will Boudreaux in a statement.

The new 401k plan service aims to address the complexities of retirement plan management, such as enrollment, contribution calculations and regulatory compliance. According to the Covington, Louisiana-based payroll and HR service provider, Netchek 401k offers an easy setup, integration with existing HR functions and a user-friendly platform for both employers and employees. Employees can manage their retirement accounts, check balances and adjust contributions through the Netchex application.

OneAmerica Financial to Offer Nonqualified Compensation Plans

OneAmerica Financial announced it will offer clients nonqualified deferred compensation plans as part of the Indianapolis-based company’s retirement services portfolio.

OneAmerica is targeting plan sponsors and participants who are interested in investment options outside of traditional 401(k) plans, according to the announcement. Its NQDC plans are geared toward plans that allow employers more flexibility to reward high-earning employees and give employees greater customization, as well as the ability to invest more money than they might through more traditional qualified plans alone.

“At OneAmerica Financial, we uphold a legacy of crafting tailored solutions to meet the diverse needs of our sponsors,” said Alan Blaskowski, vice president of product, business development and innovation, in a statement. “The introduction of these new options further strengthens our commitment to this tradition of flexibility and customization.”