VOL. XCIV, NO. 247

★ A CURATED DIRECTORY OF FINANCIAL TOOLS ★

PRICE: 5 CENTS

Thursday, December 11, 2025

Tool Comparison

Orion Advisor Tech vs USAspending comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

Orion Advisor Tech adds Portfolio Accounting / Book of Record, Client & Investor Reporting, GIPS Composite Reporting, Rebalancing & Trading, Model Portfolios & Sleeves, Fee Billing & Invoicing, Householding & Multi-Entity, Alternatives / Capital Calls & Distributions, Client Portal & Mobile App, CRM & Workflow, Risk Metrics, Scenario & Stress Tests, Monte Carlo, Tax Lots / Lot Optimization, Webhooks, Broker Connectors, Education, Courses & Certs, Blogs, and Newsletters coverage that USAspending skips.

USAspending includes Data Visualizations, and Other categories that Orion Advisor Tech omits.

USAspending keeps a free entry point that Orion Advisor Tech lacks.

Orion Advisor Tech ships a mobile app. USAspending is web/desktop only.

In depth comparison

Orion Advisor Tech

orion.com

Integrated advisor-technology stack for RIAs and wealth firms, combining portfolio accounting, trading, Redtail CRM, compliance, risk analytics, planning, and client/advisor portals. Modules can be purchased standalone (e.g., Risk Intelligence with per-user SaaS pricing) or bundled into Essentials / Advantage Stacks; pricing for most stacks is by custom proposal.

Platforms

WebMobileAPI

Pricing

Subscription

Quick highlights

Most-in-one advisor tech platform for RIAs that unifies portfolio accounting, trading, Redtail CRM, compliance, risk analytics, planning, client portal, and advisor portal under Orion Advisor Solutions.
Portfolio accounting engine positioned as the #1 portfolio accounting solution by market share among advisors, with integrated billing, configurable client reporting, trading, professional services, cloud data warehousing, and data services.
Trading (Eclipse) delivers tax-intelligent trading at scale with household-level rebalancing, asset location optimization, daily tax-loss harvesting, sleeves for separate trading/reporting/billing, advanced cash monitoring, block trading, and multi-custodian trade file/FIX connectivity.
Orion Risk Intelligence provides next-generation risk analytics: 100+ regression-based macro stress test scenarios, portfolio and business risk dashboards, asset-drift tracking, proposal and IPS workflows, and firm-level KPI tracking, fueled by Morningstar data.
Risk Intelligence standalone pricing is published at $275 per user per month (with optional annual billing discount) and includes full access to stress tests, portfolio construction, 3D risk profile, proposal builder, and related tools; the module is also bundled into the Orion Advantage Stack.

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USAspending

usaspending.gov

Official U.S. federal spending open‑data portal mandated by the DATA Act and operated by Treasury’s Bureau of the Fiscal Service. The public REST API powers the site (GET/POST endpoints, JSON responses). Data refreshes daily after a nightly pipeline; underlying source systems update on different cadences (e.g., monthly for Files A/B/C via the DATA Act Broker; next‑day for FPDS contracts; FABS within 2 weeks; FSRS subawards by month‑end; GTAS monthly). Bulk downloads and archives are available for awards back to FY2008.

Platforms

WebAPI

Pricing

Free

Quick highlights

Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure.
Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy.
Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints.
Bulk data: Award Data Archive (pre‑generated, by agency/fiscal year), Custom Award Data, Custom Account Data, and full Database Download.
Award coverage: contracts, contract IDVs, grants, direct payments, loans, insurance, other financial assistance; prime awards and subawards (FSRS).

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Where they differ

Orion Advisor Tech

Distinct strengths include:

Portfolio Accounting / Book of Record Client & Investor Reporting GIPS Composite Reporting Rebalancing & Trading Model Portfolios & Sleeves Fee Billing & Invoicing Householding & Multi-Entity Alternatives / Capital Calls & Distributions

Most-in-one advisor tech platform for RIAs that unifies portfolio accounting, trading, Redtail CRM, compliance, risk analytics, planning, client portal, and advisor portal under Orion Advisor Solutions.
Portfolio accounting engine positioned as the #1 portfolio accounting solution by market share among advisors, with integrated billing, configurable client reporting, trading, professional services, cloud data warehousing, and data services.
Trading (Eclipse) delivers tax-intelligent trading at scale with household-level rebalancing, asset location optimization, daily tax-loss harvesting, sleeves for separate trading/reporting/billing, advanced cash monitoring, block trading, and multi-custodian trade file/FIX connectivity.
Orion Risk Intelligence provides next-generation risk analytics: 100+ regression-based macro stress test scenarios, portfolio and business risk dashboards, asset-drift tracking, proposal and IPS workflows, and firm-level KPI tracking, fueled by Morningstar data.

USAspending

Distinct strengths include:

Data Visualizations Other

Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure.
Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy.
Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints.
Bulk data: Award Data Archive (pre‑generated, by agency/fiscal year), Custom Award Data, Custom Account Data, and full Database Download.

Feature-by-feature breakdown

Attribute	Orion Advisor Tech	USAspending
Categories Which research workflows each platform targets	Shared: Data APIs, APIs & SDKs, Videos Unique: Portfolio Accounting / Book of Record, Client & Investor Reporting, GIPS Composite Reporting, Rebalancing & Trading, Model Portfolios & Sleeves, Fee Billing & Invoicing, Householding & Multi-Entity, Alternatives / Capital Calls & Distributions, Client Portal & Mobile App, CRM & Workflow, Risk Metrics, Scenario & Stress Tests, Monte Carlo, Tax Lots / Lot Optimization, Webhooks, Broker Connectors, Education, Courses & Certs, Blogs, Newsletters	Shared: Data APIs, APIs & SDKs, Videos Unique: Data Visualizations, Other
Asset types Supported asset classes and universes	Stocks, ETFs, Mutual Funds, Closed-End Funds, Bonds, Options, Funds, Other	Other
Experience levels Who each product is built for	Intermediate, Advanced	Beginner, Intermediate, Advanced
Platforms Where you can access the product	Web, Mobile, API	Web, API
Pricing High-level pricing models	Subscription	Free
Key features Core capabilities called out by each vendor	Unique Most-in-one advisor tech platform for RIAs that unifies portfolio accounting, trading, Redtail CRM, compliance, risk analytics, planning, client portal, and advisor portal under Orion Advisor Solutions. Portfolio accounting engine positioned as the #1 portfolio accounting solution by market share among advisors, with integrated billing, configurable client reporting, trading, professional services, cloud data warehousing, and data services. Trading (Eclipse) delivers tax-intelligent trading at scale with household-level rebalancing, asset location optimization, daily tax-loss harvesting, sleeves for separate trading/reporting/billing, advanced cash monitoring, block trading, and multi-custodian trade file/FIX connectivity. Orion Risk Intelligence provides next-generation risk analytics: 100+ regression-based macro stress test scenarios, portfolio and business risk dashboards, asset-drift tracking, proposal and IPS workflows, and firm-level KPI tracking, fueled by Morningstar data. Risk Intelligence standalone pricing is published at $275 per user per month (with optional annual billing discount) and includes full access to stress tests, portfolio construction, 3D risk profile, proposal builder, and related tools; the module is also bundled into the Orion Advantage Stack. Orion Planning adds goals- and cash-flow-based financial planning with Monte Carlo simulations and probability-of-success metrics, tying client financial goals back to Orion portfolios and reports.	Unique Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure. Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy. Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints. Bulk data: Award Data Archive (pre‑generated, by agency/fiscal year), Custom Award Data, Custom Account Data, and full Database Download. Award coverage: contracts, contract IDVs, grants, direct payments, loans, insurance, other financial assistance; prime awards and subawards (FSRS). Entity identifiers: UEI (replaced DUNS on Apr 4, 2022) used for recipients as the governmentwide identifier (via SAM.gov).
Tested Verified by hands-on testing inside Find My Moat	Not yet	Not yet
Editor pick Featured inside curated shortlists	Standard listing	Standard listing

Frequently Asked Questions

Which workflows do Orion Advisor Tech and USAspending both support?

Both platforms cover Data APIs, APIs & SDKs, and Videos workflows, so you can research those use cases in either tool before digging into the feature differences below.

Which tool offers a free plan?

USAspending offers a free entry point, while Orion Advisor Tech requires a paid subscription. Review the pricing table to see how the paid tiers compare.

Which tool has mobile access?

Orion Advisor Tech ships a dedicated mobile experience, while USAspending focuses on web or desktop access.

What unique strengths set the two platforms apart?

Orion Advisor Tech differentiates itself with Most-in-one advisor tech platform for RIAs that unifies portfolio accounting, trading, Redtail CRM, compliance, risk analytics, planning, client portal, and advisor portal under Orion Advisor Solutions., Portfolio accounting engine positioned as the #1 portfolio accounting solution by market share among advisors, with integrated billing, configurable client reporting, trading, professional services, cloud data warehousing, and data services., and Trading (Eclipse) delivers tax-intelligent trading at scale with household-level rebalancing, asset location optimization, daily tax-loss harvesting, sleeves for separate trading/reporting/billing, advanced cash monitoring, block trading, and multi-custodian trade file/FIX connectivity., whereas USAspending stands out for Advanced Search & profiles across awards, recipients, agencies, federal accounts; filters include date, place of performance, NAICS/PSC, Assistance Listing (formerly CFDA), DEFC for COVID/infrastructure., Spending Explorer and Agency/Federal Account profiles for top‑down views of obligations/outlays and drill‑downs by budget hierarchy., and Public REST API that powers the website (GET & POST endpoints; JSON responses); tutorial and contracts for commonly used endpoints..

Keep exploring

Stay on top of related tools

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