Industry Veteran Named New Orion Wealth Management President

Ron Pruitt Has More Than 25 Years Of Wealth Management Experience At Firms Including Envestnet
Ron Pruitt, President, Orion Wealth Management
Ron Pruitt, President, Orion Wealth Management
Jeff Berman, Contributing Editor & Reporter, Wealth Solutions Report
Jeff Berman, Contributing Editor & Reporter, Wealth Solutions Report

Orion appointed industry veteran Ron Pruitt as President of its wealth management division, the wealthtech firm said Tuesday. Pruitt is replacing Ryan Beach, who left Orion in early March.

As President of Orion Wealth Management, Pruitt will “drive strategic initiatives to expand Orion’s wealth management services and enhance its pioneering, investor-centric technology for financial advisors,” the firm said.

Pruitt, whose appointment became effective Monday, brings over 25 years of experience in wealth management, most recently as Senior Vice President of Nasdaq Analytics, comprised of eVestment and Solovis, after they were acquired by Nasdaq.

In that role, he provided investment analytics and market intelligence to global asset managers, asset owners and institutional investment consultants.

Pruitt also served as President and CEO of Solovis, a provider of portfolio management software and services.

Prior to that, he co-founded and was CIO for Placemark Investments and became an Executive Vice President at Envestnet in 2014, after the latter firm acquired Placemark.

Pruitt’s “extensive background and proven track record leading high-performing teams in the wealth management sector will be invaluable as we continue to grow and innovate,” according to Natalie Wolfsen, Orion CEO.

Natalie Wolfsen, CEO, Orion
Natalie Wolfsen, CEO, Orion

“Ron’s leadership will undoubtedly advance Orion’s progress toward building a wealth-tech community where every advisor and investor thrives,” she said. “With Ron on board, we will further enhance our flexible ecosystem—allowing firms to do business the way they see fit, no matter their size or business model.”

Pruitt said: “We will continue to deliver exceptional value and service to advisors and their clients through a connected, disruptive technology and investment platform that can be customized to advisor and investor investment philosophies.”

Orion serviced $4.3 trillion in assets under administration and $68.3 billion of wealth management platform assets as of March 31, it said. The firm supports more than 6 million technology accounts and thousands of independent advisory firms, Orion added. The firm held its Ascent 2024 Conference in March during which it made multiple announcements including results of its second annual wealthtech survey, the introduction of an estate planning tool, the expansion of its behavioral finance toolkit and a new tool for post-trade supervision.

Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.

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