More acquisitions in the Advisory world! Pinnacle Advisory Group, Brouwer & Janachowski, HK Financial Services bought Orion for scaling and nervously accept that it made its own scaling move. "Since Orion Advisor Services LLC announced its purchase by a private-equity firm, its loyal — but taken aback — RIAs are curious to see how the Omaha, Neb.-based firm will navigate the challenge of growing faster while still keeping the personal touch and independence that attracted RIAs to the firm in the first place. Orion became the last of the big-four RIA-portfolio accounting providers to swap independence for more liquidity and capital when it announced last week that TA Associates is purchasing a majority stake in Orion as part of its purchase of its parent company, NorthStar Financial Services Group LLC, which has about $275 billion in assets under management and administration. See: Boston firm buys Orion Advisor Services as part of NorthStar succession deal." RIABIZ