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The most pressing danger facing RIAs: Lightning Round with Orion CEO Eric Clarke

The Regulation Best Interest rule is the most pressing danger independent advisors face in the market place today, says CEO of Orion Advisor Solutions Eric Clarke.

That's because the regulation is "watering down" the fiduciary standard, making it increasingly difficult for RIAs to differentiate their offerings.

Earlier this year, the turnkey asset management platform purchased Advizr, a financial planning tech company, to help RIA clients take more of the reins of the planning process. Clarke noted his firm spent seven figures a year, a “mutli-million dollar investment,” in financial planning technology to help advisors highlight the planning process to clients.

What has the firm taken away from its digital transformation? Clarke weighs in on the latest tech trends.