Orion Advisor Solutions inks deal to acquire HiddenLevers

Orion Advisor Solutions LLC agreed to acquire HiddenLevers, a platform for risk analysis, investment process and executive oversight in the wealth and asset management space.

The deal, which was signed March 6, is expected to close by the end of the month, according to a frequently asked questions document on Orion's website.

Raj Udeshi and Praveen Ghanta, HiddenLevers' founders, will join Orion's leadership team after the deal is finalized. Udeshi also serves as chief revenue officer of HiddenLevers, while Ghanta is CEO.

Orion supports more than 2,200 advisory firms with $1.4 trillion in assets under administration and an additional $48 billion of combined platform assets. HiddenLevers has nearly $600 billion in platform assets, according to a news release.

PJT Partners acted as sole financial adviser and Morris Manning & Martin LLP acted as legal adviser to HiddenLevers.