Articles from Orion

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, announced today at Orion Ascent numerous platform-wide enhancements to aid financial advisors in serving high- and ultra-high-net-worth (HNW/UHNW) clients and multi-family offices. With $124 trillion expected to change hands through 2045, the influx of new millionaires will demand highly personalized financial solutions to manage, protect and grow their wealth.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprises that serve them, announced today at Orion Ascent 2025 a series of key updates across its connected technology ecosystem.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today unveiled the results of its third annual Advisor Wealthtech Survey and inaugural Investor Survey during CEO Natalie Wolfsen’s opening keynote at the Orion Ascent conference in Orlando. The surveys, administered to an expansive set of advisors and investors who work with financial advisors, offer dual perspectives to empower financial advisors in building strong client connections and accelerating firm growth.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprises that serve them, today announced a new collaboration with Snowflake, the AI Data Cloud company. This initiative further enhances data access and flexibility for Orion clients, moving just-in-time reporting into the hands of the advisor. The Snowflake technology will be available to a beta group of clients in Q2 with general availability to be announced later.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, is pleased to announce the appointment of Arun Anur as Chief Operating Officer, effective December 9, 2024. In this role, Arun has responsibility for Orion’s client experience delivery, including service, operations, data reconciliation and onboarding.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, announced today the completion of its acquisition of Summit Wealth Systems, an award-winning advisor technology provider. As part of the transaction, Summit’s co-founder and CEO, Reed Colley, joined Orion today as President of Orion Advisor Technology, reporting to Orion CEO Natalie Wolfsen. The definitive agreement was announced December 19, 2024, and further transaction details will not be disclosed.

Orion, a premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today announced a series of enhancements to its Brinker Capital Destinations Trust, incorporating advanced tools designed to improve efficiency, reduce transaction costs, and enhance the overall investor experience. These innovations reflect Orion’s commitment to modernizing mutual funds while preserving their well-known advantages.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, announced today a definitive agreement to acquire Summit Wealth Systems, an award-winning advisor technology provider. When the transaction closes in early 2025, Summit’s CEO, Reed Colley, will join Orion as President of Orion Advisor Technology, reporting to Orion CEO Natalie Wolfsen.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today announced the appointment of Chris Shutler, CFA, as Head of Strategy. In his new role, Chris leads the development and execution of corporate strategy, including market analysis and growth opportunities. Chris also serves as a trusted advisor and thought partner to the executive leadership team, facilitating effective decision-making and communication while overseeing special projects. He reports to Orion Chief Financial Officer Mark Mayo.

With IMPACT® kicking off today in San Francisco, Orion announced significant enhancements to its integrations and workflows with Schwab Advisor Services, providing advisors with a more seamless and efficient experience. Orion advisors who custody with Schwab now have access to several new integration points designed to improve advisor workflows, boost efficiency and enhance client service.

Orion, the premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today announced several of the featured keynote speakers along with the full agenda for Orion Ascent 2025. Attendees can now explore all available sessions here. With over 1,500 expected participants, including firm leaders, enterprise executives, and top advisors, the event will take place February 3-6, 2025, at the Hyatt Regency Orlando, and will feature more than 120 speakers sharing their invaluable insights.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today announced the launch of a new suite of ETF portfolios utilizing Capital Group ETFs. Capital Group is home of American Funds. These portfolios, which are managed by Brinker Capital, are available exclusively on the Orion Portfolio Solutions (OPS) and Brinker platforms. This marks the introduction of one of the first 100% all Capital Group ETF models, providing financial advisors and their clients with access to Capital Group's long-term investment strategies through Orion’s innovative offerings.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today announced the findings of its quarterly financial advisor pulse survey. This morning, Orion CEO Natalie Wolfsen took the stage at Future Proof Festival in Huntington Beach, Calif., sharing actionable insights from the survey to help advisors guide their businesses in a rapidly evolving industry.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, is pleased to announce the appointment of Mark Mayo as its Chief Financial Officer, effective Sept. 9. In this role, Mark will have responsibility for strengthening Orion’s financial infrastructure, overseeing financial strategy, and advancing the company’s strategic roadmap as it continues to grow.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today announced the availability of standalone solutions and a new bundled offering to provide advisors unparalleled flexibility. Orion's new à la carte and bundled offerings allow advisors to tailor their approach and conduct business as they see fit – choosing from fully insourced to fully outsourced technology and/or wealth management solutions and everything in between. By delivering both standalone and all-encompassing solutions, Orion is equipping advisors with the resources and support they need to succeed at every stage of their firm's growth journey.

HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”, “Orion”), a leading specialty construction company, today announced three contract awards, two in its Concrete segment and one in its Marine segment. Each of the three projects is scheduled to start in the third quarter of 2024 and run for nine to twelve months.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today announced the launch of its enhanced billing and reporting experience. Designed to boost advisor efficiency, this system significantly reduces the time spent on manual tasks like generating itemized bills and detailed transaction reports. As a result, advisors will have more time for client engagement and the pursuit of growth opportunities, all while effectively scaling their operations.

HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell indexes annual reconstitution, effective after the US market opens on July 1, 2024, according to a preliminary list of additions posted May 24, 2024.

HOUSTON, May 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced that CEO Travis Boone and CFO Scott Thanisch will participate in the following upcoming conferences:

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, is pleased to announce the appointment of Ron Pruitt as its President of Orion Wealth Management, effective May 20. In this role, Ron will drive strategic initiatives to expand Orion's wealth management services and enhance its pioneering, investor-centric technology for financial advisors.

HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced a significant contract award valued at nearly $80 million for its Marine construction business. The contract was awarded by Port Everglades Seaport Engineering & Construction Division through Moss Construction as Managing General Contractor for the Port Everglades Bulkhead Replacement Project – Group 1, a pivotal infrastructure upgrade at one of the nation’s busiest ports. Orion has supported Port Everglades and worked with Moss successfully on previous projects.

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024.

Conference Call to be held Thursday, April 25 at 8:00 a.m. Central Time

HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (“Orion” or the “Company”), a leading specialty construction company, announced today that Richard L. Daerr, Jr., who has served as an independent member of the Company’s Board of Directors (the “Board”) since 2007 and was Chairman of the Board from 2007 to 2020 as well as Lead Independent Director from 2022 to 2023, informed the Company that he has chosen not to stand for re-election and instead retire from the Board effective at the Company’s upcoming Annual General Meeting of Stockholders on May 16, 2024. Effective upon Mr. Daerr’s retirement, the Board has determined to reduce its size from eight directors to seven directors, six of whom are independent.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today unveiled a state-of-the-art, highly visual Estate Planning tool at Orion Ascent, the firm’s flagship financial advisor event in San Diego.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today announced groundbreaking enhancements to its top-ranked Orion Compliance offering. The new Post-Trade Supervision feature strengthens Orion’s industry-leading Client Oversight module, offering an end-to-end workflow solution that provides eye-in-the-sky post-trade compliance of client activity.

Orion, the premier provider of transformative wealthtech solutions for fiduciary advisors, today launched "PulseCheck," live from its flagship event Orion Ascent, in San Diego. This sophisticated behavioral finance tool, developed by Orion’s Chief Behavioral Officer Dr. Daniel Crosby and his team, considers investors’ personal well-being and fulfillment as part of the financial planning process. It embodies Orion's commitment to empowering advisors, helping them to attract new clients, align planning goals with investment strategies, and prioritize advisor-client engagement.

HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023.

Conference Call to be held Thursday, February 29 at 8:00 a.m. Central Time

Announces Latest Contract Awards

HOUSTON, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, announced today that CEO Travis Boone and CFO Scott Thanisch will be participating in NobleCon 19 Emerging Growth Equity Conference being held at Florida Atlantic University in Boca Raton. Orion Management will be presenting on December 4, 2023, at 2:30 p.m. Eastern Time. Following the presentation there will be a breakout session with investors as well as scheduled one-on-one meetings.

HOUSTON, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, announced today the appointment of Edward Chipman (“Chip”) Earle as Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary, effective November 27th. Mr. Earle will succeed Executive Vice President Peter R. Buchler, who is retiring from Orion after 15 years of service.

HOUSTON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2023.

HOUSTON, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (“Orion” and “Company”), a leading specialty construction and engineering company today announced a significant contract award valued at over $100 million for its Marine and Engineering business. The contract was awarded by Grand Bahama Shipyard Limited (GBSL) for the turnkey design-build of the Grand Bahama Shipyard Dry Dock Replacement Project, situated in Grand Bahama, Bahamas. In addition, the Company was recently awarded new contracts in both its Concrete and Marine segments for a combined total of $121 million.

HOUSTON, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (“Orion” and “Company”), a leading specialty construction and engineering company today announced it received the Company Award for Leadership in Safety from the Council of Dredging and Marine Construction Safety (CDMCS). The award, presented at the 2023 CDMCS Annual Awards Dinner in Washington, D.C. on September 28, recognizes outstanding safety leadership in the dredging and marine construction industry.

Conference Call to be held Thursday, October 26 at 8:00 a.m. Central Time

HOUSTON, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, announced today that CEO Travis Boone and CFO Scott Thanisch will participate in the Sidoti September Virtual Investor Conference on September 20 and September 21, 2023. Orion Group Holdings, Inc. will present on Thursday, September 21, from 12:15 p.m. to 12:45 p.m. Eastern Time, and management will also meet virtually with investors during the two-day conference.

HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2023.

Conference Call to be held Thursday, July 27 at 8:00 a.m. Central Time

Executes two real estate sale-leasebacks for total transaction value of $20.3 million

HOUSTON, May 16, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the "Company"), a leading specialty construction company, today announced the closing of a new 3-year $103 million senior secured asset based credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC, which are the asset based lending affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”). This credit facility has replaced the Company’s $42.5 million revolver with Regions Bank and other lenders. At the same time, the Company entered into a $13 million sale-leaseback of certain concrete segment equipment with Gordon Brothers (the “Sale-Leaseback”).

Secured contract for East West Jones properties for purchase price of $36 million

Conference Call to be held Tuesday, May 9 at 8:00 a.m. Central Time

Awarded $448 million contract with the United States Navy as part of joint venture; Year-to-date contract wins total over $582 million

Concrete segment secures awards totaling $100 million in core markets of Dallas and Houston

HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) ("Company"), a leading specialty construction company, today announced that Austin J. Shanfelter will transition from Executive Chairman to Chairman of the Board of Directors, effective March 2, 2023.

Conference Call to be held Wednesday, March 15 at 10:00 a.m. Eastern Time

HOUSTON, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced the appointment of Travis J. Boone to the Board of Directors.

Orion Marine Group Christens new Dredge Lavaca

Orion Advisor Solutions will champion an industry-wide effort to advocate for the adoption of real-time data sharing technology to improve data accessibility and transparency for independent advisors. By leveraging cloud-based data warehousing technologies (Amazon Redshift), Orion is taking a leading role in bringing this service to market and uniting the industry in a future-forward effort to move away from antiquated data infrastructure and processes.

Orion announces the launch of the Orion Network, a curated list of practice management resources and a network of potential partners to help independent advisors pursue their business goals and breakaway brokers achieve independence. The Orion Network, a digital marketplace and matching tool powered by Chalice, has two distinct and important functions to serve the needs of advisors. First, it’s a digital marketplace of discounted practice management resources available exclusively to Orion’s advisor clients. Second, it’s an online community of advisors and firms looking to connect to facilitate M&A transactions.