Bill Wostoupal of Orion - Custom Indexing and the Future of Wealth Management

Jun 18, 2024

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This week, Rusty and Robyn are joined by Bill Wostoupal, EVP of OCIO at Orion. Bill is the EVP, of Orion OCIO. He is responsible for the coordination and execution of Orion's vision to offer custom indexing, and other outsourced services, to our prospective and existing investment advisory customer base.

Key Takeaways

[04:26] - Bill has been in the Northstar family of companies since 1994. Learn more about how his career has evolved and why he has wanted to stick with this company for 30 years?
[06:43] - What does Bill’s title mean exactly, and what does his position look like on a day-to-day basis?
[08:17] - Orion is such a multifaceted company, but how might Bill try to describe what we do in a nutshell?
[10:15] - How does Custom Indexing work for those who aren’t familiar?
[12:21] - What are some of the most popular use cases for Custom Indexing that Bill is seeing right now?
[14:06] - How does Orion set itself apart from their competition in this space?
[16:20] - What are some of the big trends that Bill has noticed internally, here at Orion?
[17:57] - Given all its changes in recent years, what currently excites Bill the most about the future of Orion?
[19:40] - What does Bill think is in store for the future of Wealth Management?
[22:12] - Outside of work, Bill is affiliated with a mentoring organization called “TeamMates.” Learn more about the good work that is taking place there.
[25:26] - What is currently Bill’s favorite investment idea?

Quotes

[07:03] - “My team engages with those existing clients on a regular basis, so we do a couple different things. One is making sure that the clients that we have are assembling and putting…our different technology stacks and services...together [properly]. The second one is spending time discussing Custom Indexing and how we can help them transition their books of business [and]...their client market share, and the last part is more OCIO [focused]. So, I put those all underneath that umbrella of Outsourced Chief Investment Officer, but I think it’s more than that. ” ~ Bill Wostoupal

[11:18] - “Custom indexing [is] a lot different than Direct Indexing, where it’s usually a set of indexes and you’re tax transitioning. When you think of Orion’s Custom Indexing, think of technology inside the user experience. So our RIAs, who use our services on the Fintech side, have this component within their regular ecosystem…Then on top of it, we do the daily tax loss harvest review, the reallocation etc. And then one last point I’d probably make there…[is] that it’s custom. So, a lot of our advisors, a lot of our RIAs have their own models. ” ~ Bill Wostoupal

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Disclosure(s) - Custom Indexing offered through Orion Portfolio Solutions, LLC a registered investment advisor.

Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Orion Portfolio Solutions, LLC is a wholly owned subsidiary of Orion Advisor Solutions, Inc. (“Orion”)

Compliance Code: 1450-OPS-6/10/2024