How we compare · Orion
Orion connects products.
THOR ONE is one system.
Orion is one of the largest platforms for independent advisors: portfolio accounting, reporting, billing, trading and rebalancing, planning and a TAMP, Orion Portfolio Solutions, with Redtail CRM connected through an integration. If you are comparing it with THOR ONE, this is what you are comparing.
Seven engines. One set of records. All ours.
THOR ONE is not a suite of products joined by integrations. Every engine below is our own code, running on the same records, so a trade, a fee, a lot and a return each have one owner and one answer.
- Trading. Our own order management and execution engine, with rules-based routing, rebalancing, drift monitoring and daily tax-loss harvesting. Our trading desk places every order.
- Reporting. Performance at the sleeve, the account and the household, under your brand, on the schedule you set.
- Billing. A single fee path, calculated from the same records that traded. One place a fee is calculated, one place the invoice comes from.
- Risk. One risk journey for the whole household, applied to every account, or one per account where that is right.
- CRM. Not a CRM that syncs with your book. A CRM that is your book.
- Planning. Retirement and income plans built against the holdings the client actually owns.
- Research. Institutional managers and your own models ranked on the same measures, blended in minutes, and traded from the screen you researched them on.
An assistant on every page that knows your book
Because every engine shares one set of records, the assistant built into every page of THOR ONE can answer from your actual firm, not from general information. Ask it to pull up a household’s accounts, holdings, risk score, notes and tasks; compare strategies and blends on the marketplace; rank funds and stocks head to head; build and balance a blend; read how a model fits a given client; or show what to act on first across your book.
Sleeves, and the household above them
Every account on THOR ONE is sleeve-based. Managed and unmanaged sleeves sit inside one account, and trading, rebalancing and performance run at the sleeve, not across a flat account. Three managers can run inside one registration with one statement, one cash position and one set of tax lots.
Above the sleeves sits the unified managed household: every account, every lot, the gains already realized this year and what a trade does to the whole, on one screen. A client who needs cash for a roof is one decision across the household, not five logins and a spreadsheet. One account, three managers.
Side by side
| What matters | THOR ONE | The question to ask Orion |
|---|---|---|
| Who places the trades | Our trading desk, every order. Your advisors update models and allocations. | Does your firm place the trades on the rebalancer, or does Orion? Who answers when one is wrong? |
| CRM | Part of the same system and the same records. | Orion’s TAMP page lists “Redtail CRM integration.” Does the CRM read the same records as billing and reporting, or a copy? |
| Accounts | Sleeve-based by default: several managers in one account, one statement, one set of tax lots. | Are sleeves the standard account structure, or a separate program? |
| The household | The unified managed household: every account, lot and realized gain on one screen. | Which screen shows the whole household, and does it trade from there? |
| Your brand | Enterprises get their own standalone instance under their brand; smaller firms are private-labeled. | Is the platform yours to brand at every level, and is it your own instance? |
| An assistant that knows your book | On every page, answering from your own households, models and research. | Does Orion’s assistant answer from your households and models, or from general information? |
| Price | One price on assets. Start with one piece; no module or seat charges. | What does it cost to add a capability you do not use today? |
| Leaving | Thirty days’ notice. Your full history in CSV and PDF at no charge, in writing. | What leaves with you, in what format, at what cost? |
The question underneath all of them
How many systems hold a client’s fee, and which one wins when they disagree? On THOR ONE the answer is one, because there is only one. What moves when you switch, and how long it takes.
Descriptions of Orion are from its public materials as of October 2026 and may have changed; confirm current capabilities with Orion. Sources: orion.com, TAMP; orion.com. Orion, Orion Portfolio Solutions and Redtail are trademarks of their owners. THOR is not affiliated with or endorsed by Orion.
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