Wealthtech leader pledges support to the Foundation for Financial Planning’s ProBonoPlannerMatch.org initiative and offers free planning technology to advisors
Orion Advisor Solutions, the premier provider of transformative wealthtech solutions for fiduciary advisors, announced expanded financial support of the Foundation for Financial Planning (FFP) and its mission to bring free, quality financial advice and planning to people in need. Orion is the presenting sponsor for FFP’s digital volunteer matching platform, ProBonoPlannerMatch.org, which aims to connect 10,000 CERTIFIED FINANCIAL PLANNERTM professionals to pro bono service opportunities, bringing free financial advice and planning to underserved individuals and families, including low-income workers, seniors, cancer patients, military and veterans, and many others.
“In 2021, during a time of extraordinary need, Orion began offering our Orion Planning financial planning tool free of charge to all advisors serving pro bono clients, regardless of whether they used our wealthtech platform”
A strong advocate for pro bono service, Orion is a long-time supporter of FFP, the nation’s leading nonprofit charity devoted to expanding access to pro bono financial planning, with Orion Founder and CEO Eric Clarke serving as a member of FFP’s board of trustees and Corporate Advisory Council.
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“In 2021, during a time of extraordinary need, Orion began offering our Orion Planning financial planning tool free of charge to all advisors serving pro bono clients, regardless of whether they used our wealthtech platform,” said Clarke. “We’ve seen tremendous response and usage of Orion Planning, which creates immediate value and an engaging client experience that makes it ideally suited for pro bono work. We’re honored to support ProBonoPlannerMatch.org and Orion will continue to do everything we can to help financial planners transform the financial lives of pro bono clients.”
FFP CEO Jon Dauphiné adds, “With this expanded commitment, Orion has gone even further in helping support FFP’s pro bono mission, and together we look forward to reaching our ambitious goal of registering 10,000 advisor volunteers to ProBonoPlannerMatch.org. Orion is playing a significant role in providing access to pro bono financial planning tech solutions that can drive more scale and impact, which is critical to reaching underserved individuals and families during a time when many Americans have an unprecedented need for financial guidance. FFP has seen an overwhelming response from financial advisors who want to help in the wake of the pandemic and its economic fallout, and we are proud to offer them a platform through which they can find opportunities to offer pro bono service, right from their desks.”
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By expanding access to these tools for pro bono clients, Orion eliminates barriers of access to volunteer service at a time when millions are facing a looming recession, rising inflation and increased financial stress. According to the Pew Research Center, one in four U.S parents say they’ve struggled to afford food or housing in the past year.1 And the American Psychological Association’s latest Stress in America survey found that 72 percent of Americans reported feeling stressed about money at least some time in the prior month. More than half (57 percent) who indicated money was a source of stress said that having enough money to pay for things in the present – like food or rent/mortgage – is their main source of stress regarding money, while 43 percent stress about the long-term and saving enough money for things in the future. 2
With Orion Planning a part of its core technology offering, Orion waives data aggregation costs for pro bono clients of advisors already using its technology. Advisors who do not currently use Orion’s platform can access Orion Planning and data aggregation services at no cost when used for the benefit of pro bono clients.
By waiving data aggregation fees for pro bono clients, Orion makes it easy for advisors to connect outside accounts, such as credit cards, bank accounts and 401(k)s to Orion Planning. With a complete picture of account balances and transactions, advisors can get right to work building a financial plan that can help improve outcomes for pro bono clients on day one.
With Orion Planning, advisors can address the top-of-mind needs of pro bono clients:
- Budgeting and Cash Management – Insights into regular expenses and spending habits allow advisors to help clients regain control of their finances.
- Debt Management – Tools to quickly build payment strategies for credit card debt, student loans and other major obligations.
- Stability and Financial Goals – Orion Planning helps clients plan toward major financial goals, like home purchases or automobiles they can afford.
- Clear, Actionable Next Steps – An easy-to-understand summary of next actions gives clients direction and momentum to stay engaged with their financial plans.
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