{
  "crd_number": 107975,
  "slug": "orion-portfolio-solutions-llc-omaha-ne-107975",
  "primary_business_name": "ORION PORTFOLIO SOLUTIONS, LLC",
  "legal_name": "ORION PORTFOLIO SOLUTIONS, LLC",
  "dbas": [
    "BRINKER CAPITAL INVESTMENTS"
  ],
  "city": "Omaha",
  "state": "NE",
  "country": "United States",
  "cbsa_code": "36540",
  "metro": {
    "cbsa_code": "36540",
    "common_name": "Omaha",
    "msa_name": "Omaha, NE-IA",
    "path": "/advisors/ne/omaha"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2000-01-01",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-07-31",
  "carried_forward": false,
  "raum_total": 64842135351.0,
  "raum_discretionary": 53421780525.0,
  "raum_non_discretionary": 11420354826.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 305,
  "advisory_employees": 47,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 2902138639.0,
      "count": null,
      "description": "EDUCATIONAL SAVINGS & ABLE PLANS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 30074588.0,
      "count": 79
    },
    "individuals": {
      "raum": 19443516135.0,
      "count": 166226
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 31409955.0,
      "count": 32
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 10883941527.0,
      "count": 11
    },
    "pension_profit_sharing": {
      "raum": 2093561809.0,
      "count": 1154
    },
    "other_investment_advisers": {
      "raum": 6305408384.0,
      "count": 152
    },
    "high_net_worth_individuals": {
      "raum": 19467949380.0,
      "count": 19151
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 3684134934.0,
      "count": 1170
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://destinationsfunds.com",
    "https://facebook.com/OrionWealthTech",
    "https://instagram.com/orionwealthtech",
    "https://linkedin.com/company/orionwealthtech",
    "https://orion.com",
    "https://x.com/orionwealthtech"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107975",
  "city_as_filed": "OMAHA",
  "url": "https://advisorcensus.com/firm/orion-portfolio-solutions-llc-omaha-ne-107975",
  "display_name": "Orion Portfolio Solutions, LLC",
  "summary": "Orion Portfolio Solutions, LLC is an SEC-registered investment advisory firm in Omaha, NE, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 31, 2026.",
  "citation": "AdvisorCensus. Orion Portfolio Solutions, LLC (CRD 107975): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Orion Portfolio Solutions, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Orion Portfolio Solutions, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Orion Portfolio Solutions, LLC located?",
      "a": "Orion Portfolio Solutions, LLC's principal office is in Omaha, NE, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Orion Portfolio Solutions, LLC registered with the SEC or a state?",
      "a": "Orion Portfolio Solutions, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 107975."
    },
    {
      "q": "How much does Orion Portfolio Solutions, LLC manage?",
      "a": "Orion Portfolio Solutions, LLC reports $64,842,135,351 in regulatory assets under management in its Form ADV filing dated July 31, 2026 (82% discretionary)."
    },
    {
      "q": "How have Orion Portfolio Solutions, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Orion Portfolio Solutions, LLC: Regulatory assets under management: $39,086,957,438 in the October 2021 data and $64,842,135,351 in the October 2026 data, up 66%. Total employees: 152 in October 2021 and 305 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Orion Portfolio Solutions, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (166,226); high net worth individuals (19,151); corporations or other businesses not listed above (1,170)."
    },
    {
      "q": "Which custodians does Orion Portfolio Solutions, LLC use?",
      "a": "Orion Portfolio Solutions, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Orion Portfolio Solutions, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107975"
    },
    {
      "q": "What changed in Orion Portfolio Solutions, LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Added an office in King of Prussia, PA. No longer lists an office in Berwyn, PA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 39086957438.0,
      "total_employees": 152,
      "filing_date": "2021-09-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 41979351312.0,
      "total_employees": 68,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 53283016878.0,
      "total_employees": 326,
      "filing_date": "2023-07-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 53844463960.0,
      "total_employees": 404,
      "filing_date": "2024-09-24"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 57658151186.0,
      "total_employees": 350,
      "filing_date": "2025-06-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 64842135351.0,
      "total_employees": 305,
      "filing_date": "2026-07-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Added an office in King of Prussia, PA.",
        "No longer lists an office in Berwyn, PA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 73 to 47.",
        "Regulatory assets under management went from $57,658,151,186 to $64,842,135,351 (+12%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/orion-portfolio-solutions-llc-omaha-ne-107975.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 166226,
      "fewer_than_5": false,
      "raum": 19443516135.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 19151,
      "fewer_than_5": false,
      "raum": 19467949380.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 11,
      "fewer_than_5": false,
      "raum": 10883941527.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1154,
      "fewer_than_5": false,
      "raum": 2093561809.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 79,
      "fewer_than_5": false,
      "raum": 30074588.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 32,
      "fewer_than_5": false,
      "raum": 31409955.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 152,
      "fewer_than_5": false,
      "raum": 6305408384.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1170,
      "fewer_than_5": false,
      "raum": 3684134934.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 2902138639.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107975",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}