Orion Advisor Solutions to acquire Calif. fintech Redtail Technology

Omaha, Neb.-based Orion Advisor Solutions LLC, a provider of wealthtech solutions for fiduciary advisers, agreed to acquire Redtail Technology Inc., a web-based client relationship management software company serving the wealth management industry.

Post-close, Redtail co-founder and CEO Brian McLaughlin will become Orion's president of client relationship management and will join both Orion's executive team and its board. Additionally, Sacramento, Calif.-based Redtail's executive leadership team and employees will continue working out of their existing locations as part of Redtail, which will become a brand entity of Orion.

The transaction is expected to close in the second quarter.