Broker Check

Orion - Application Addendum

This form specifies the investment portfolio at Orion Portfolio Solutions ("Orion") in which your account will be invested. It also describes all of the fees which your account will incur as well as specifies which accounts at Orion fall within your household. 

Page 1

Describes which type of strategy we will be taking to invest your account. 

  • Part 1 is completed if we choose to invest your account into a portfolio which we designed by combining multiple pre-built investment models offered at Orion. This is the most common investment strategy that we take. Please click here to learn more.
  • Part 2 is completed if we choose to invest you into a portfolio designed by another investment manager at Orion.
  • Part 3 is completed if we choose to invest you into a portfolio which we designed without using any of the investment models offered at Orion.

Page 2

Part 4 describes the fees associated with using Orion Portfolio Solutions

  • Annual Account Maintenance fee - There are small miscellaneous fees which may or may not apply to your account depending upon many factors.
  • Admin fee - Compensates Orion for providing an investing platform, performance reporting, financial planning tools, and billing services for your account. The fee charged depends upon the total amount of money your household has invested at Orion.
  • Advisory fee - Compensates Kilmer & Company for providing you with financial and investment advice. The fee charged depends upon the total amount of money your household has invested with Kilmer & Company.
  • Strategist fee - Compensates the investment manager at Orion whose portfolio we select to be used in your account. The fee charged depends upon which investment strategist's investment portfolio is used in your account. These fees are also done in "basis points", so 10 bps = a strategist fee equal to 0.10% of the dollar amount invested in that strategist.

Page 3

This page only applies if we invest your account in a specific type of investment portfolio known as an "Orion Tax Managed Solution". It will otherwise remain blank.

Page 4

Discloses the fees of certain portfolios, specifies Kilmer & Company as your adviser, and lists all accounts at Orion that fall within your household.

  • Discloses fees for investment portfolios known as an "Buckingham Strategic Partners SA models", "Brinker Capital Destinations models", "Market Cycle Advised Mandates". It will remain blank if none of these will be used in your account. 
  • Specifies Rick and Chris Kilmer as the investment advisers responsible for your account.
  • If you are in a household with several accounts under different names, make sure that the accounts that you want Orion to consider as part of your household are listed below "please household the following accounts".
  • The client signs their approval at the bottom.

Disclosures

This explanation is not comprehensive nor is it meant to replace your actual reading of the document described above. You should read the entire document before providing your approval by signing it.