Orion Advisor Solutions announced last week that as part of planned leadership changes following the integration of Orion and Brinker Capital, Noreen D. Beaman will transition from her role as President to become Vice Chair of Orion’s Board of Directors, effective later this month. She will also continue to serve as Chair of the Board for Brinker Capital Investments’ Destinations Funds.
Beaman was named President and joined Orion’s Board of Directors following Orion’s merger with Brinker Capital in September 2020. Previously, Beaman was CEO at Brinker Capital where she helped financial advisors and their clients build better outcomes for more than 30 years.
“We are incredibly grateful to Noreen for her inspiring leadership and for the many contributions she’s made to Orion since joining the firm. She has played an integral role in the successful integration of our two firms, serving our clients with the leading-edge technology and investment management expertise they expect from us,” said Orion Founder and CEO Eric Clarke. “Noreen has had a remarkable career as an advocate for advisors, and we look forward to the ongoing contributions and impact she’ll make in her leadership role as Vice Chair of Orion’s Board of Directors.”
“With several key milestones in Brinker’s integration with Orion complete, now is the right time for me to transition from my day-to-day operating role and take on more of a strategic advisor role on the Board. Being part of such a transformational merger between Brinker and Orion has been one of the proudest moments of my career. I’m passionate about keeping Orion’s strong momentum going and helping our advisor clients drive success,” Beaman noted.
She took a few minutes out to share her vision on Orion's podcast, which makes us eager to see what she'll do on the board. She's passionate about behavioral finance as the next step forward for wealth technology platforms . . . and the power of creative disruption in the investment market. Fundamentals are persistent, she says, but individuals need to remain resilient.
Drilling down, she sees an increasingly sophisticated consumer demanding personalization that would have been unimaginable even a few years ago. That means different flavors of alpha . . . tax alpha and behavioral alpha linked to the individual financial situation (she started as an accountant) and emotional framework. You don't have to beat the market. You just have to outperform along one or more axes.
It's worth a listen and great to hear her voice. And again, we look forward to seeing where she takes the enterprise from here.
