SOURCE: CLS Investments

FiComm Partners

February 25, 2015 10:00 ET

CLS Investments Partners With Nationwide to Offer Low-Cost Retirement Planning Solution for Individual Account Management

OMAHA, NE--(Marketwired - February 25, 2015) -

  • 'Managed Account Services' provides in-depth plan support as part of Nationwide's "do it for me" program
  • Two plan options allow plan participants without access to an advisor, access to an actively managed plan customized to their specific needs
  • Participants will receive quarterly video statements to track the progress of their account that provides context to market performance

CLS Investments, LLC ("CLS"), a third party money manager in the U.S., and a leading manager of Exchange Traded Funds ("ETFs") within individual investor portfolios, has announced the launch of Individual Account Management (IAM) on the Flexible Advantage product through Nationwide's Managed Account Services platform. IAM is a low-cost solution for investors who prefer a managed approach to retirement planning. The Managed Account Services money management platform allows CLS, in conjunction with Nationwide, to help increase participants' retirement readiness and offers a customized asset allocation strategy specifically designed to help meet their future needs.

IAM is an active solution that provides investors with a tailored risk-managed portfolio specific to their investing objectives and time horizon. Investments on this platform are monitored daily and adjusted within the portfolio when warranted by market conditions. Behind the portfolio management is a team with more than 170 years of combined experience, providing consistent scrutiny and risk analysis of thousands of investment options and more than 100 asset class segments and strategies for potential inclusion within a portfolio.

"For many investors, their qualified retirement plan accounts are their largest asset," said Todd Clarke, CEO, CLS. "The problem is, a lot of those same investors don't have the knowledge or emotional discipline to actively manage it. The IAM option through Managed Account Services provides a level of service that's usually only received by high net worth investors, and it allows Nationwide's clients the confidence of knowing that there is a team of experts looking out for their investment portfolio. We are thrilled to be partnering with Nationwide to provide tailored retirement solutions to people who need it."

Through Nationwide, CLS offers two options of service -- Level and Lifestyle -- which manage investors' risk tolerance in a customized way through CLS's Risk Budgeting Methodology. The Level option manages a risk budget that stays constant even as clients near retirement. With the Lifestyle option, the investor's risk budget gradually declines as they near retirement. All levels are monitored based on a questionnaire administered by CLS that is required before signing up for the program, which ensures that investors are getting the most personalized service possible.

An additional perk to these plans is access to CLS's market leading paperless quarterly market update. In lieu of the traditional paper mailing, users of Managed Account Services will receive a personalized quarterly video statement via email, which reviews portfolio allocations and performance as well as commentary on CLS's management, recent market trends, and forecasts for the next quarter. All Nationwide participants have access to these updates.

"Many American workers are uncomfortable making investment decisions alone, and this service can provide them with the assistance they need to reach their retirement goals," said Joe Frustaglio, vice president of private-sector retirement plan sales for Nationwide. "We're excited to add this service from CLS to our platform and feel it is a great supplement to the breadth of asset management solutions we offer."

For more information on Managed Account Services and how to sign up, click here or visit www.clsinvest.com.

About CLS

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 first claimed compliance with the Global Investment Performance Standards (GIPS) in 2002, and have continued to adhere to GIPS strict guidelines and standards. CLS is a member of NorthStar Financial Services Group (NorthStar), which currently has more than $270 billion in assets under management and administration. To learn more, visit www.clsinvest.com 

About Nationwide

Nationwide Mutual Insurance Company, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor's. The company provides a full range of insurance and financial services, including auto, commercial, homeowners and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; specialty health; pet, motorcycle, boat and farm insurance. For more information, visit www.nationwide.com.

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