Advisors can now access FinMason's Five-Minute Financial Plan™ – a financial planning analytics tool – directly within the Orion platform
Press Release – updated: Aug 27, 2018 07:00 EDT
BOSTON, August 27, 2018 – FinMason, a rapidly growing fintech firm operating one of the largest investment analytics platforms in the world, today announced their integration with Orion Advisor Services LLC (“Orion”), the premier portfolio management solution provider for registered investment advisors. Through Orion’s Insight dashboard, Orion users can now access the power of FinMason’s institutional-grade investment analytics platform FinRiver to deliver dynamic financial plans quickly and at scale.
“The need in the wealth management community for financial planning tools that are simple to use, readily accessible and seamlessly integrated has never been greater,” said Kendrick Wakeman, CEO of FinMason. “By embedding our financial planning analytics capabilities directly within Orion Insight, a platform so widely used and trusted, advisors can expand the scope of their planning efforts efficiently and easily.”
Affordable, agile and not dependent on exhaustive levels of data from clients and prospects, the Monte Carlo-based FinRiver enables advisors to deliver simple yet dynamic financial projections based on current saving and spending patterns, including:
- The probability of achieving future goals based on portfolio analysis of individual positions;
- Potential outcomes of different savings and spending rates, pre- and post-retirement; and
- The effects of special spending events, such as buying a house or paying for college.
The need in the wealth management community for financial planning tools that are simple to use, readily accessible and seamlessly integrated has never been greater. By embedding our financial planning analytics capabilities directly within Orion Insight, a platform so widely used and trusted, advisors can expand the scope of their planning efforts efficiently and easily.
Kendrick Wakeman, CEO
With the ability to adjust these inputs in real time, advisors can create a collaborative planning experience, demonstrating for their clients how these factors directly influence financial outcomes.
Orion’s industry-leading integration framework also enables data from FinMason’s platform to be accessed from within Orion’s advisor dashboard, client portal and Salesforce and Redtail integrations. As a result, advisors can create comprehensive and compelling reports showing both the performance of investments and the progress toward a financial plan.
“We believe advisors work best, and most efficiently, when they are empowered to build a tech stack that fits their unique business needs,” said Eric Clarke, founder and CEO of Orion. “Our strong and open integration architecture enables Orion to deliver access to in-demand solutions like FinMason and supports our clients’ efforts to strengthen their relationships through financial planning analytics.”
The integration of FinMason’s financial planning analytics engine launched today and is now available on the Orion Insight platform. FinMason will be demoing their new tool at Orion’s Ascent user conference Sept. 5-7 in Miami Beach, Florida. For more information, sign up for the webinar on this integration.
FinMason is the world’s largest independent investment analytics engine for financial services platforms. The Boston-based financial technology firm provides access to more than 700 calculations on every publicly traded asset in the world delivered through one simple API. Developed by FinMason’s team of seasoned data practitioners and nine Ph.D.s, the cutting-edge platform delivers institutional-grade analytics in milliseconds via two core products: FinRiver™ – a lightning-fast API that delivers any analytics anywhere in a financial services firm’s platform with just a few keystrokes; and, FinScope™ – a bulk processing platform that can analyze millions of portfolios every night for compliance screening and performance attribution. For more information, visit www.FinMason.com and follow FinMason on Twitter, LinkedIn and Facebook.
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Orion Advisor Services LLC (Orion) is the premier portfolio accounting service provider for advisors. Orion frees advisors from back-office tedium so they can enjoy their business again by devoting their time and energy to better serving clients. Orion provides the integrated and fully customizable technology solutions that advisors need to build great advisory firms. Orion's technology solutions empower more than $675 billion in AUA and over two million accounts. For more, please visit www.orionadvisor.com or follow our news and insights via our blog.
Jessica Taylor Shores
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