Orion, a company specializing in wealthtech solutions for financial advisors, has announced the completion of its acquisition of Summit Wealth Systems, an advisor technology platform. As part of the transaction, Summit’s Co-Founder and CEO, Reed Colley, has joined Orion as President of Orion Advisor Technology, reporting to Orion CEO Natalie Wolfsen. This strategic move incorporates Summit's advanced software into Orion's comprehensive end-to-end wealthtech platform, improving its capacity to streamline workflows and enhance advisor-client relationships. Orion will continue offering Summit’s software as a standalone solution while incorporating it into Orion Stacks in the future, ensuring a seamless experience for Summit’s clients.
Founded in 2019, Summit Wealth Systems has gained recognition for its design-forward platform. Orion, which manages $4.7 trillion in assets under administration, is set to leverage Summit’s powerful tools to provide financial advisors with comprehensive solutions to prospect, plan, invest, and achieve. Wolfsen highlighted the integration as a step toward delivering value to advisors and their clients. Colley expressed enthusiasm about combining Summit’s capabilities with Orion’s ecosystem to redefine the wealthtech landscape and support advisor success at every stage.
