# Orion Portfolio Solutions, LLC

> 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.

- CRD: 107975
- Filed as: ORION PORTFOLIO SOLUTIONS, LLC
- Also doing business as: BRINKER CAPITAL INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Omaha, NE
- Filing period: October 2026
- Form ADV filing dated: July 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107975
- AdvisorCensus page: https://advisorcensus.com/firm/orion-portfolio-solutions-llc-omaha-ne-107975

## Quick answers

**How is Orion Portfolio Solutions, LLC compensated?**
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.

**Where is Orion Portfolio Solutions, LLC located?**
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).

**Is Orion Portfolio Solutions, LLC registered with the SEC or a state?**
Orion Portfolio Solutions, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 107975.

**How much does Orion Portfolio Solutions, LLC manage?**
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).

**How have Orion Portfolio Solutions, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Orion Portfolio Solutions, LLC serve?**
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).

**Which custodians does Orion Portfolio Solutions, LLC use?**
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.

**Does Orion Portfolio Solutions, LLC report any disciplinary disclosures?**
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

**What changed in Orion Portfolio Solutions, LLC's recent Form ADV filings?**
In the July 2026 filing data: Added an office in King of Prussia, PA. No longer lists an office in Berwyn, PA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $64,842,135,351
- Discretionary: $53,421,780,525
- Non-discretionary: $11,420,354,826

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 166,226 | $19,443,516,135 |
| High net worth individuals | 19,151 | $19,467,949,380 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 11 | $10,883,941,527 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1,154 | $2,093,561,809 |
| Charitable organizations | 79 | $30,074,588 |
| State or municipal government entities (including government pension plans) | 32 | $31,409,955 |
| Other investment advisers | 152 | $6,305,408,384 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 1,170 | $3,684,134,934 |
| Other | Fewer than 5 | $2,902,138,639 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2000 (26 years)
- Employees: 305 total, 47 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- King of Prussia, PA

### Websites listed on Form ADV (Item 1.I)
- destinationsfunds.com
- orion.com
- Facebook @OrionWealthTech
- Instagram @orionwealthtech
- LinkedIn @orionwealthtech
- X @orionwealthtech

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $39,086,957,438 | 152 | September 30, 2021 |
| October 2022 | $41,979,351,312 | 68 | March 31, 2022 |
| October 2023 | $53,283,016,878 | 326 | July 28, 2023 |
| October 2024 | $53,844,463,960 | 404 | September 24, 2024 |
| October 2025 | $57,658,151,186 | 350 | June 24, 2025 |
| October 2026 | $64,842,135,351 | 305 | July 31, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Added an office in King of Prussia, PA.
- No longer lists an office in Berwyn, PA.

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Orion Portfolio Solutions, LLC (CRD 107975): Form ADV filing data as of October 2026.