Orchard Securities

What Orchard Securities does

Orchard Securities, LLC is a privately held SEC-registered broker-dealer and FINRA/SIPC member founded in 2005 and headquartered in the Salt Lake City metropolitan area (Pleasant Grove, UT). The firm operates primarily as a managing broker-dealer, distributing securities in direct participation programs (DPPs), private placements, and real estate investment trusts (REITs) on behalf of sponsor clients through a network of selling groups comprising broker-dealers and investment advisors. Orchard does not provide investment recommendations or advisory services; customers make their own investment decisions, and Orchard earns commissions of 3-10% deducted from invested funds, plus CTT platform transaction fees capped at 10% of transaction value.

The firm's core differentiator is its proprietary Central Trade and Transfer (CTT) platform, which provides a secondary market for otherwise illiquid DPPs, limited partnership interests, and REIT securities, creating a structural liquidity venue that ties issuers, selling-group brokers, and investors into Orchard's infrastructure. Its customer base spans three primary segments: retail investors accessing alternative investments, broker-dealers and investment advisors in its selling groups, and investment program sponsors seeking compliant distribution infrastructure. Recent marquee partnerships with Fortress Investment Group (Fortress Real Estate Exchange 1031 platform, March 2026), SmartStop REIT Advisors (US/Canada self-storage distribution, July 2025), and Denholtz (DX SB Industrial I DST, fully subscribed in six weeks) demonstrate active sponsor-client expansion into 1031 exchange, self-storage, and industrial verticals.

Orchard's go-to-market is channel-led rather than retail-direct: it educates broker-dealers about securities offerings rather than marketing directly to end investors, and its revenue is fully transaction-based, making it sensitive to sponsor placement cycles. The firm is small (11-50 employees), privately held, and operates across the United States and Canada without disclosed revenue or funding history.

Name

Orchard Securities

Legal name

Orchard Securities, LLC

Website

https://orchardsecurities.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Orchard Securities is a FINRA/SIPC-registered managing broker-dealer that distributes DPPs, private placements, and REITs for sponsor clients through selling-group broker-dealers, and operates the CTT secondary-market platform for illiquid alternative securities.

Ownership category

akta.pro rank

Product category

Brokerage & Alternative Investment Distribution

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industries

Introducing Broker (IB) (FSAEACAE), Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)

Keywords

• Managing broker-dealer
• Alternative investments
• Direct participation programs
• Real estate investment trusts
• Secondary market trading

Headquarters

HQ city

Pleasant Grove

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Commission Revenue: Orchard earns commissions ranging from 3% to 10% of the total amount invested when customers purchase security interests in DPPs, REITs, private placements, and limited partnerships. These charges are deducted from the funds invested.
2. CTT Platform Fees: Customers purchasing or selling shares on the CTT platform incur fees based on the size of the transaction. Listing fees are charged in connection with securities sold on the CTT platform. Typically these fees do not exceed 10% of the total transaction value.
3. Sponsor Client Compensation: Orchard is compensated by sponsor clients to support the distribution of investment programs through its managing broker-dealer role and selling groups.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Orchard Securities, LLC is an SEC-registered, FINRA/SIPC member broker-dealer that operates as a managing broker-dealer assisting sponsors of investment programs with distributing shares in Direct Participation Programs (DPPs), private placements, and Real Estate Investment Trusts (REITs) through networks of broker-dealers and investment advisors. The firm also operates the proprietary Central Trade and Transfer (CTT) platform, which provides a secondary market for certain DPPs, limited partnership interests, and REITs, enabling liquidity for otherwise illiquid securities.

Product overview

Orchard Securities is a broker-dealer that operates primarily as a managing broker-dealer facilitating the distribution of investment programs. The company offers a suite of brokerage services centered on alternative investments, including Direct Participation Programs (DPPs), Private Placements, and Real Estate Investment Trusts (REITs). These core offerings are complemented by the Central Trade and Transfer (CTT) platform, which provides a secondary market for certain DPPs, limited partnership interests, and REITs, enabling investors to trade otherwise illiquid securities. Orchard does not make recommendations or provide investment advice; customers make their own investment decisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Direct Participation Programs (DPPs) brokerage
• Private Placements brokerage
• Real Estate Investment Trusts (REITs) brokerage
• Central Trade and Transfer (CTT) Platform
• Managing broker-dealer distribution services

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Fortress Investment GroupcoreChannel Partner/ Reseller/ Distributor · 16 March 2026Orchard Securities LLC serves as dealer-manager for Fortress Real Estate Exchange, a new 1031 exchange platform offering institutional-quality real estate investments through Delaware Statutory Trusts targeting senior housing, student housing, and multifamily properties. Orchard assists with distributing shares of these investment programs through selling groups.
• Baker McKenzieminorOthers · 16 March 2026Legal services provider engaged by Fortress Investment Group for the new 1031 exchange platform offerings.
• EA RESIG LLCminorOthers · 16 March 2026Service provider engaged by Fortress Investment Group for the new 1031 exchange platform offerings.
• LODAS Markets Inc.minorOthers · 16 March 2026Service provider engaged by Fortress Investment Group for the new 1031 exchange platform offerings.
• SmartStop REIT AdvisorscoreChannel Partner/ Reseller/ Distributor · 10 July 2025Retail distribution partnership to expand access to SmartStop's self-storage investment programs across the US and Canada. The partnership leverages Orchard's distribution network to deliver institutional-quality self-storage assets to individual investors.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Ladenburg Thalmann: Ladenburg Thalmann provides independent broker-dealer and advisory services focused on retail wealth management, with capabilities in alts and structured products. Comparable to Orchard through its broker-dealer distribution function, operating at a larger scale across more geographies.
• Cetera Financial Group: Cetera operates a large independent broker-dealer and RIA network that distributes alternative investments, including non-traded REITs and private placements, to retail investors through thousands of financial advisors. It is comparable to Orchard because it serves as a managing/introducing broker-dealer for sponsor-led investment programs, though it is far broader in scale and product.
• National Securities Corporation: National Securities Corporation is a broker-dealer and investment bank providing securities distribution and capital markets services to issuers, including specialty in alternative products. Comparable to Orchard in serving as a broker-dealer intermediating retail access to sponsor-issued securities.
• Cambridge Investment Research: Cambridge Investment Research is an independent broker-dealer supporting thousands of advisors with a focus on diversified product distribution including alts and private placements. Comparable to Orchard in role as managing broker-dealer, though materially larger and operating a more national footprint.
• Kestra Financial: Kestra Financial operates an independent broker-dealer platform focused on supporting financial advisors with product distribution, including alternative investments, private placements, and structured products. It is comparable to Orchard as both function as independent broker-dealer distribution partners for sponsor-led alts offerings.

Direct peers

• Triad Advisors: Triad Advisors is an independent broker-dealer that works with financial advisors to distribute alternative investments, retirement products, and managed solutions. Closely comparable to Orchard because both serve as managing broker-dealers distributing sponsor-issued alts through a selling-group model, at similar mid-market scale.
• Prospera Financial Services: Prospera Financial Services is an independent broker-dealer providing product distribution and practice management support to financial advisors, with a notable emphasis on alternative and private market products. Comparable to Orchard in acting as broker-dealer intermediary for sponsor-led alts distribution.
• Concorde Investment Services: Concorde Investment Services is an independent broker-dealer focused on serving independent financial advisors, including distribution of alternative investments and private placements. Comparable to Orchard in distributor role for sponsor-led alts products with a similar mid-market footprint.
• Private Client Group (Righthand Partners): Righthand Partners' broker-dealer affiliate provides managing broker-dealer services for alts sponsors and financial advisors, including distribution of DPPs, REITs, and private placements. Closely comparable to Orchard in scale, mission, and operating model as a managing broker-dealer for alts issuance.

Emerging players

• Realta Wealth Management (broker-dealer arm): Realta Wealth Management is an emerging independent broker-dealer platform serving independent advisors and alts sponsors with distribution and operational infrastructure. Comparable to Orchard through its managing broker-dealer role for sponsor-led alts, though at an earlier stage of scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/orchard-securities

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orchard Securities