Orion, a provider of wealth technology solutions, has integrated SpiderRock Advisors’ option overlay separately managed accounts (SMAs) into its Wealth Advisory platform. This addition aims to expand the range of strategies available to financial advisors and their clients.
SpiderRock Advisors, a component of BlackRock, specializes in customized option overlay strategies. The firm combines advanced technology with comprehensive derivatives expertise to offer institutional-quality trading, sophisticated risk management, and a variety of strategies designed for concentrated stock, equity portfolios, and fixed income or cash positions.
Ron Pruitt, President of Orion Wealth Management, stated, “The integration of SpiderRock’s option overlay SMA strategies into the Orion platform offers advisors new avenues to manage risk, generate income, and facilitate tax-efficient portfolio transitions. By enhancing the selection of high-quality, professionally managed strategies on our platform, we continue to empower advisors with the investment solutions necessary to deliver flexible, outcome-driven approaches that support their clients in achieving financial goals confidently.”
SpiderRock employs an active options management strategy focused on improving risk-adjusted returns with tax efficiency. Their strategies function as overlays, which means they do not necessitate an upfront sale of client holdings. Once enrolled, clients can customize accounts with features such as “no call away” and “strategic liquidation” to help defer capital gains realization throughout the account’s lifecycle. SpiderRock’s proprietary trading platform aggregates orders across numerous accounts, enabling institutional-quality trading and execution.
Eric Metz, President and Chief Investment Officer of SpiderRock Advisors, commented, “Granting advisors access to option overlay strategies on Orion’s platform will create greater opportunities for portfolio customization for investors pursuing diverse investment outcomes. Given recent market performance, the demand for our solutions is at an all-time high. These strategies can support income generation, downside protection, and concentrated stock risk management within a portfolio, assisting investors in navigating an increasingly complex market environment with a strong focus on after-tax results.”
Advisors using Orion Wealth Advisory can now leverage SpiderRock SMAs to hedge concentrated stock positions, manage risk across equity portfolios, generate income through covered calls, index options, or cash-secured puts, and implement tax-efficient portfolio transitions.
Orion is a major provider of a tech-enabled fiduciary process, which aims to transform advisor-client relationships by enabling financial advisors to prospect, plan, invest, and achieve within a unified, technology-driven experience. The company’s brand entities include Orion Advisor Tech, Orion Portfolio Solutions, Brinker Capital Investments, Redtail Technology, and Orion OCIO. As of June 30, 2025, Orion reportedly services over $5 trillion in assets under administration and more than $100 billion of wealth management platform assets, supporting over 7.5 million technology accounts and thousands of independent advisory firms. According to Orion, 17 of the Top 20 Barron’s RIA firms in 2024 utilize Orion’s technology.
