Orion to Integrate Pontera Data into Trading Platform Workflows

Orion Portfolio Solutions LLC, a registered investment adviser, and fintech company Pontera Solutions Inc. announced Tuesday a collaboration to bring Pontera’s data streams into the Orion Eclipse trading and rebalancing platform for 401(k), 403(b) and other workplace retirement plans.

Pontera will provide Orion Eclipse with plan-level information, including fund lineup, fund-level details and changes and plan restrictions. Held-away accounts can be integrated into client and household investment strategies for tax optimization and portfolios can be rebalanced at scale.

According to Pontera’s website, Pontera will provide Orion with standard account data three times a day—including positions, transactions, securities and prices—and provide plan-related data such as fund details, classifications, expense ratios and fact–sheet URLs daily.

The announcement says advisers will be able to implement a strategy across multiple portfolios without executing dozens of, or more, individual orders.

“Retirement accounts are often a client’s largest assets, yet they’ve historically been cumbersome to manage and difficult to incorporate into an enterprise-wide portfolio,” said Dave Goldman, Pontera’s chief business officer, in a statement. “Firms [can] incorporate these assets into tax-aware household strategies and rebalance at scale, supporting broader investment strategies.”

As of December 31, 2025, Orion serviced $5.8 trillion in assets under administration and $133 billion of wealth–management platform assets.

Pontera is involved in an ongoing, high-profile dispute over third-party adviser access to Fidelity Investments’ 401(k) participant data, after Fidelity cut off online access to accounts that had been linked to third-party platforms in September 2024. Zach Pardes, Pontera’s head of corporate marketing and communications, says his company offered multiple times to build an API with Fidelity, but was turned down.

In previous separate statements, Fidelity and Charles Schwab, which also limited access to its participant data from advisers using third-party platforms, have expressed concerns that customers sharing login access to third-party data vendors could compromise security.

Pardes argues that Pontera provides a secure, encrypted platform, akin to connecting a payment app to a personal bank account.

An adviser linked to a client’s retirement account “ can’t withdraw funds, he can’t change my beneficiaries, he can’t run away with my money—not that I think he would do that—but he can also actively be involved in my retirement planning,” Pardes says. “This is how the rest of the financial world already works.”

Lisa Gomez, a strategic adviser at Pontera and the former head of the Employee Benefits Security Administration, says Pontera and The Aspen Institute’s Financial Security Program held a lab session in November 2025 on the future of retirement advice that gathered more than 100 plan sponsors, recordkeepers, policymakers, researchers and advocates. The resulting report called the financial data ecosystem “fragmented,” and said there was “strong consensus” among participants at the lab that workers should “own their retirement data” and be able to authorize others to access it, through third-party platforms, if they choose.

“Everyone [at the lab was] supportive of expanding data sharing and trying to think about what is in the interest of the retirement savers, so that they can be more empowered and also so that the various people within the ecosystem can serve them better,” Gomez says. “We need to be talking together and thinking about how to best accomplish that.”