Hello, everyone and thank you for joining us for our webinar today. How the right compliance tech fuels your fiduciary process, simplifying your life with Orion compliance. Now before we jump in, I want to bring your attention to the name Orion compliance. As many of you may know, at the end of last year Orion acquired an awesome compliance technology. Company called basis code compliance. Just last month, the basis code platform underwent a bit of a facelift, and with that came a name change too. So now the platform formerly known as Space is Co compliance is called O'Brien compliance. With that, I'd like to introduce today's speaker, Carlos Guillen. Carlos is the founder and former CEO of Basic Code Compliance and now serves as the Vice President of Compliance Technology for Orion. My name is Stephanie Sager and I'm the associate vice president of business development for Orion Compliance and Orion Risk intelligence. Today we will be discussing how the right compliance technology can feel your fiduciary process. To start, we will talk a little bit about Orion and how we got here today. Then Carlos will discuss the necessities within the compliance space followed by a brief demo of the platform. If time allows, we will answer a few questions, so please use the Q&A box to submit your questions and we'll get to as many as we can. To kick us off, I'd like to talk a little bit about Orion and how we got to where we are today. Orion's mission is to power the advisor client journey. In doing so, our tech enabled fiduciary process empowers advisors to seamlessly attract new clients, connect their planning goals to investment strategies and ultimately achieve each investor's unique definition of financial success. We accomplish this through what we call our fiduciary framework. Prospect, plan, invest and achieve. We empower our advisors to connect with their clients and prospects through branded content and powering them to the next step plan using Neil Ryan planning technology. If you're using Orion today to run your business, you already know about all of our investment technology, which helps to accomplish Step 3. And then bringing us to achieve our goal within achieve is to help our advisors connect with their clients while providing a state-of-the-art experience. But it's taken us a while to get here. Founded in 1999, Orion started the as a response to the lack of quality portfolio accounting solutions. Since then, we've launched a multitude of new tools and technology, including Eclipse, our trading platform, our mobile app, our communities model marketplace and our marketing technology marketer. We've had a number of mergers and several acquisitions along the way too. All of that has brought us to where we are today with over 1500 team members nationwide and three trillion in assets under management and over 5,000,000 accounts. So now that you have some background on Orion, I'd like to bring in today's speaker, Carlos to walk us through the necessities of compliance today. So without further ado, allow me to turn things over to you, Carlos. Thanks, Stephanie. Maintaining an effective compliance program. Is a necessity. In 2021, there were over 3000 examinations conducted by the SEC. This resulted in about $3.9 billion in fines, which is a 7% increase over the prior year. Mitigating the compliance risks by having an effective program not only reduces the risk to the firm, but it also reduces the risk to the personal risk to the Chief Compliance Officer. Maintaining an effective compliance program, which consists of, you know, having the risk assessments which inventories the risks to the firm, the controls that are mitigating those risks. The execution of those controls and the evidence associated with those reviews. Is important to be able to dynamically adjust the program going forward to be able to change as the regulatory environment changes and as well as employees come and go from the firm. We see a lot of clients using tools such as paper, Excel, e-mail folders on the network. To basically cobble together a compliance program. While this could be effective, it could be inefficient and poses risks. Having a centralized function or centralized tools that houses all this information in a controlled, archivable and retrievable format is is essential for an effective compliance program. Not only does it retain all the information and control of the processes, it ensures that the data does not get lost by, you know, folders or files being put into the wrong folders, things being deleted, items being edited. Accidentally. So Excel is very powerful, but we see many firms having issues with using tools such as Excel to maintain checklists or maintain compliance, calendars, etcetera, having everything centralized. We'll also have it ready at your fingertips for when you get that request for information and this is what we call audit readiness. I'm now going to show you a little bit about right compliance and what it means to be audit ready. So in this dashboard, I'm logged in as a compliance officer into a sample organization with sample data and this is my central location where all my trade request I need to take action on or any form submissions whether it's advertising review, if there are any alerts or any of the other tools, insider trading or whistleblower submission or personal transaction. Alerts or gift entertainment violations and then anything on my calendar that I need to work on. This is where the compliance officer's home is. I would if if when I get the request for information from the regulator. I would come in here and go to my reports because I want to extract the data and then based on that request for information you would enter whatever date range would that the item is for, that the requested information is for what entities are in scope, any categories of information, and then it filters all the data in the system. You can see that based on the criteria that I've entered, there are 18 items that meet this criteria. We have these three buttons that will ensure that your audit ready. The first button is just exports this list of 18 items. To excel. The second button generates what we call an audit book or a review book. And this is essentially the documentation of what occurred. So for example, for this particular review or test, who's here's the person that executed it, the period that was in scope when it was due, what what procedures followed back then? And we archive the procedures with each instance, so if they have changed in the future, we we know it was done in the past. Here's the entities that are in scope. What's the purpose of this particular control when it was completed? Who else is involved in the workflow if there's multiple people? You can see the timestamps on when it started being worked on and when it was completed. Here's a list of the findings. Yes, it's an exception. Here is the impact. What's the resolution? Here's the evidence was attached. So there are 18 items in the background report. There's 18 pages in the review book. This can be exported into whatever format you'd like. Also, because the regulators want the information in advance, now you we have this third button which will create a package, and the package will allow you to basically deliver everything that you see on this page. In an electronic format, you'll have a folder for every row. Inside the folder, you'll have that write up that I showed you for that particular item that's relevant. And next to it is the actual evidence that is attached. And this is what it means to be audit ready. I'm very excited to be part of the Orion platform. Orion compliance, in addition to the existing Code of Ethics solution, which incorporates personal trading, outside business activities, and gift entertainment. The firm oversight, which has workflows for compliance tasks as well as compliance calendar risk assessments, controls that mitigate the risks the evidence associated with them, and gives compliance officers the ability to create new controls and new workflows when regulatory environments change. The new client oversight solution. Is as a result of having access to the broader Orion platform. We're able to create seamless solutions and alerts for things such as 13D13G beneficial ownership. 413 age which large trader alerts and share class checker which will identify potential cheaper share classes and notify. Proactively to the compliance teams and to the associated parties. When there is an opportunity or for a potential cheaper share class, we're very excited for. Being able to provide these seamless integrated solutions. And we're excited about what additional solutions we're going to be able to deliver in the future. Thank you so much for that overview, Carlos. We still have a little bit of time and I've noticed quite a few questions coming through. So I'd like to address a few of the more common ones. The first one being, I'm not an Orion user today, can I still use Orion compliance? And the answer to that is yes, you certainly can. Orion compliance is available to all firms and advisors. And as a matter of fact, today we actually have a number of firms that are not using Orion that are using the platform as well, however, your best experience. Is going to be when using all of Orion's technology together. Next question is how much does all of this cost? And now, this is not quite as straightforward of an answer here because there's a lot of dependence when it comes to the cost of this. So what I will say is that if you're interested in learning more, we encourage you to click that. Request a demo button below and then that'll take you to the website. And from there we can get in touch with you and get everything set up and begin having conversations and give you a better idea of what the cost would look like. Another question we have in here is do we offer consulting services and this is a great question and one that we get a lot. No, we do not offer consulting services. However, we do have a number of partners that we work with within compliance consulting firms who offer Orion's compliance technology to their advisor clients and then also offer their consulting services. So if you're interested in something like this, potentially working with a consultant and also using a technology. Please feel free to reach out to us and we can connect you with some firms that we're working with. Next is we heard about a number of developments when Carlos was sharing kind of what's coming soon and when can we expect to see those. So we are planning to have a number of these new developments and roll outs available by the end of the year. We're super excited about this. Ideally we're hoping for November, but realistically sometime between now and the end of the year. So I believe that's all the time that we have for today. So if you're interested in learning more, please feel free to click that, request a demo button that will take you to our website where you can learn a little bit more about Orion compliance and then also request to learn more from or be connected with one of our team members. We thank you guys so much for being here today and have a great rest of your day. _1732323570455