Orion, the fintech provider with a professed focus on fiduciary firms, is taking a strategic step towards its next leg of growth by bringin on an experienced C-suite executive.
The firm announced Tuesday that it has appointed Mark Mayo as its new chief financial officer, effective September 9. In his new role, Mayo will be tasked with enhancing the company's financial infrastructure, developing its financial strategy, and helping drive Orion's continued growth.
“We are excited to welcome Mark to our team. His extensive financial expertise will be an invaluable asset to Orion as we continue to grow and innovate so we can help advisors and investors thrive,” Natalie Wolfsen, CEO of Orion, said in a statement.
Mayo joins Orion from DISA Global Solutions, where he served as chief financial officer. During his eight-year tenure at DISA, Mayo played a key role in boosting the company's revenue and profitability, largely through strategic acquisitions, organic growth, and operational improvements. He also brings financial leadership experience from his time as CFO at Connect America, HireRight, and multiple divisions of General Electric, where he served for 13 years.
Earlier this year, Orion welcomed another industry veteran and General Electric alumnus with the addition of Ron Pruitt as president of Orion Wealth Management in May.
“With Mark on board, we will further strengthen our financial strategies, ensuring sustainable growth and enhancing our ability to support financial advisors of all sizes and business models with expanded wealth management services and pioneering, investor-centric technology,” Wolfsen added.
“I am thrilled to join such a dynamic and innovative wealthtech leader at a pivotal moment in its growth journey,” Mayo said. “Orion’s commitment to delivering exceptional value and service to advisors and their clients through a connected, disruptive technology and investment platform is truly inspiring.”
The fintech firm, whose platform covers $4.4 trillion in assets and $69.4 billion in wealth management assets as of June 30, recently unveiled a raft of new offerings to give independent advisors greater flexibility in managing their business.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
