Orion Introduces Innovative Enhancements to Destinations Funds Trust to Improve Efficiency

December 30, 2024 at 09:30 AM EST

New services aim to assist in fund operations and reduce transaction costs

Orion, a premier provider of transformative wealthtech solutions for financial advisors and the enterprise firms that serve them, today announced a series of enhancements to its Brinker Capital Destinations Trust, incorporating advanced tools designed to improve efficiency, reduce transaction costs, and enhance the overall investor experience. These innovations reflect Orion’s commitment to modernizing mutual funds while preserving their well-known advantages.

Through the introduction of new services from ReFlow, a leader in redemption management solutions, Destinations Funds will now have the ability to benefit from tools that will help minimize cash drag, reduce transaction costs, and mitigate taxable events.

“Working with ReFlow allows us to modernize the operational aspects of our Destinations Funds, process shareholder transactions more efficiently, and deliver tangible benefits to both advisors and their clients,” said Ron Pruitt, President, Orion Wealth Management. “These improvements reflect the innovative steps we’re taking to enhance fund operations while continuing to deliver long-term value for investors.”

"We are extremely excited to welcome Orion and Destinations Funds to the ReFlow platform and we look forward to helping those funds manage shareholder flow in a way that helps minimize its impact on the portfolio management process," said Bill White, CEO of ReFlow Services, LLC.

“This initiative underscores our commitment to evolving the Destinations platform to meet the dynamic needs of financial advisors,” added Pruitt. “By integrating these capabilities, we ensure that Destinations Portfolios remain a compelling choice for delivering efficient, effective investment solutions.”

This enhancement of services supports Orion’s broader effort to provide transformative tools that streamline advisor operations, deliver compelling investment solutions, and strengthen the overall client experience. Through these innovations and other solutions offered on the Orion platform, financial advisors will have more time to focus on what’s important: their clients.

As Destinations Funds approaches its 30th anniversary in the summer of 2025, Orion will be celebrating this milestone at Ascent 2025 at the Hyatt Regency Orlando from February 3 – 6. For more details on this event, visit the Ascent 2025 website.

For more information about Orion and its Destinations mutual funds, please visit the website here.

About Orion

Orion is a premier provider of the tech-enabled fiduciary process that transforms the advisor-client relationship by enabling financial advisors to Prospect, Plan, Invest, and Achieve within a single, connected, technology-driven experience. Combined, our brand entities Orion Advisor Tech, Orion Portfolio Solutions, Brinker Capital Investments, Redtail Technology, and Orion OCIO create a complete offering that empowers firms to attract new clients seamlessly, connect goals more meaningfully to investment strategies and outcomes, and track progress toward each investor’s unique definition of financial success. Orion services $4.7 trillion in assets under administration and $72.5 billion of wealth management platform assets (as of September 30, 2024) and supports over six million technology accounts and thousands of independent advisory firms. Today, 17 out of the Top 20 Barron’s RIA firms¹ rely on Orion’s technology to power their businesses and win for investors. Learn more at Orion.com.

¹ Source: 2024 Top 100 RIA Firms, Barron's, 2024.

About ReFlow

ReFlow Services, LLC ("ReFlow") seeks to help mutual funds overcome a perennial problem: funding redemptions without borrowing from a bank, selling securities, or incurring substantial cash drag. By using ReFlow, funds can measurably improve performance and reduce the effects of flow-based turnover. Our solutions offer continuous, everyday access to liquidity that funds can draw upon to meet redemptions and manage cash positions. Since inception, ReFlow has provided nearly $45 billion of capital to participating mutual funds. ReFlow currently has nearly 100 mutual funds, from over 20 approved mutual fund complexes that together manage over $1.2 trillion in assets, actively using the ReFlow liquidity platform.

Before investing you should consider the Destinations Funds’ investment objectives, risks, charges and expenses carefully. The prospectus contains this and other information about the Funds. You may obtain a copy of the prospectus by calling 1-877-771-7979. The prospectus should be read carefully before investing. Investing involves risk, including loss of principal. Destinations Funds are Distributed by Foreside Fund Services, LLC.

3285-BCI-12/26/2024