> For the complete documentation index, see [llms.txt](/llms.txt). Markdown versions of pages are available by appending `.md` to the URL or sending `Accept: text/markdown`.

# Role of a Manager in Orion

> In Orion, a **manager** is a portfolio manager who designs, launches, and maintains onchain investment strategies. Managers can range from individual traders to professional teams.

# Role of a Manager in Orion

In Orion, a **manager** is a portfolio manager who designs, launches, and maintains onchain investment strategies. Managers can range from individual traders to professional teams.

A manager's responsibilities include:

- Designing portfolio strategies that align with a specific objective (e.g., passive index, active trading, sector-based allocation).
- Choosing the vault type: **transparent** (visible allocation) or **private** (confidential allocation).
- Setting performance and management fees.
- Managing the vault over time, including monitoring performance and adjusting allocations at each rebalance.

Orion handles execution, fee accounting, performance tracking, and, when enabled, privacy-preserving trade settlement.

Independent [security audits](https://github.com/OrionFinanceAI/protocol/tree/main/audits) are published in the public repository.

## Two starting points

Vault creation is **permissioned**. The path forward depends on whether the manager's wallet address is already whitelisted.

### Not yet whitelisted

A manager cannot create vaults until onboarding is complete.

1. Optional: skim the product from an investor's view; [What is Orion?](/user/intro), [How it works](/user/how-it-works), [Accessing the app](/user/getting_started/accessing-the-app), [Connecting a wallet](/user/getting_started/connecting-a-wallet).
2. Complete [Manager onboarding](https://docs.orionfinance.ai/manager/portfolio-manager-onboarding.md) to get manager wallet addresses approved.
3. Return here and continue under **Already whitelisted**.

### Already whitelisted

The rest of the manager docs assume a whitelisted wallet. Follow this order:

1. Optional: understand [fee models](https://docs.orionfinance.ai/manager/setup/fee-model.md) before setting fee type when creating a vault, and on Sepolia, see [Getting ETH on Sepolia](/user/getting_started/getting-eth-sepolia).
2. [Create a vault](https://docs.orionfinance.ai/manager/setup/vault-creation.md) (app or SDK)
3. [Submit intents as strategist](https://docs.orionfinance.ai/manager/setup/strategist-role.md)
4. Optional: explore [execution and rebalancing](https://docs.orionfinance.ai/manager/execution/from-intent-to-trades.md), [transaction costs](https://docs.orionfinance.ai/manager/setup/transaction-costs.md), and [vault access control](https://docs.orionfinance.ai/manager/setup/access-controller.md)