SOURCE: CLS Investments, LLC

FiComm Partners

August 24, 2015 09:00 ET

CLS Investments' "Core Plus ETF" Strategy to Be Included in the Envestnet Retirement Solutions ("ERS") Fund Strategist Network

OMAHA, NE--(Marketwired - August 24, 2015) -

  • CLS is part of a group of 10 strategists included on the newly-launched Network
  • CLS's strategy utilizes risk budgeting, relative strength, and asset class risk analysis to build and diversify portfolios seeking to help investors meet their specific goals
  • The ERS Fund Strategist Network provides advisors with additional investment management tools to serve their plan sponsor and participant clients

CLS Investments, LLC ("CLS"), a third party money manager and a leading manager of exchange-traded funds ("ETFs"), today announces its inclusion in the newly-launched ERS Fund Strategist Network ("Network"). ERS is a majority-owned subsidiary of Envestnet, Inc. (NYSE: ENV). Plan advisors utilizing the Network will have access to CLS's "Core Plus ETF" Strategy, which is developed on the back of the firm's proprietary risk budgeting methodology.

The Network provides enterprises and advisors with additional investment management tools to serve their plan sponsors and participant clients. ERS provides monitoring and fiduciary oversight of a roster of investment strategists who manage assets in the defined contribution marketplace and utilize risk-based or target date portfolios of mutual funds and/or ETFs. Firms include institutional-grade strategists, as well as strategic and dynamic investment managers.

"We're honored to have been selected by Envestnet as part of this elite group," said Todd Clarke, CEO, CLS. "Envestnet is doing important work in the retirement plan arena and we're proud that our approach was recognized as a key part of their network."

The CLS strategy utilizes risk budgeting, relative strength, and asset class risk analysis to build and diversify portfolios. These portfolios are typically invested in eight to 20 ETFs with larger positions in core asset class ETFs and some smaller satellite positions in ETFs focused on specific sectors, countries, and alternative assets. ERS serves as the ERISA 3(38) Investment Manager on the portfolios to the plan sponsor.

"The strategists selected to partner with us in this endeavor have undergone a due diligence review and will be actively monitored," said Babu Sivadasan, Group President, ERS. "We look forward to a long-term relationship with CLS and to helping existing and future retirees gain access to the best financial support available."

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About CLS Investments

CLS is an Omaha-based, family-owned and operated boutique registered investment advisor managing in excess of $6 billion. As one of the largest third party money managers and ETF strategists in the U.S., CLS partners with thousands of advisors, plan sponsors, and institutions to offer a full suite of outsourced portfolio management solutions for more than 35,000 individual investors. CLS specializes in creating portfolios based on a distinct risk budgeting methodology and active asset allocation approach. The CLS investment process is governed by systematic research across asset classes and strategies and the continuous measuring of risk. CLS claims compliance with the Global Investment Performance Standards (GIPS®). CLS is a member of NorthStar Financial Services Group (NorthStar), which currently has more than $338 billion* in assets under management and administration. To learn more, visit

*as of 7/31/15

About Envestnet | Retirement Solutions

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet | Retirement Solutions (ERS), a subsidiary of Envestnet, Inc., provides retirement advisors with an integrated platform that combines one of the industry's leading practice management technology, research and due diligence, data aggregation, compliance tools, and intelligent managed account solutions. ERS leverages Envestnet's advanced capabilities and resources, along with its experience in investment research, portfolio construction and investment management, to meet the specialized needs of each retirement plan stakeholder, from plan participants to sponsors, advisors to home offices and record keepers to DCIOs.

For more information on Envestnet | Retirement Solutions, please visit

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