NEW YORK, NY--(Marketwired - October 07, 2016) -
- Orion Advisor Services took first place in the category, Portfolio Management, Accounting and Performance Reports, for its Business Intelligence Trends application;
- CLS Investments won the Asset Managers - ETF Strategist category for its innovative re-categorizing of its investment strategies into an outcome-based approach.
NorthStar Financial Services Group, LLC (NorthStar), a holding company for several subsidiaries which offer unique services within the financial industry, is proud to announce that two of its subsidiaries, Orion Advisor Services, LLC ("Orion") and CLS Investments, LLC ("CLS"), have received Wealth Management Industry awards.
Orion, the premier portfolio accounting service provider for advisors, won the Portfolio Management, Accounting and Performance Reports award for its Business Intelligence Trends application (Trends). Trends allows advisors to compare themselves in absolute and relative terms against other Orion advisors based on assets under management, new accounts, total number of clients, demographics, performance, fees and other factors.
CLS, a third party money manager and one of the leading managers of exchange traded fund ("ETF") portfolios, won the Asset Managers - ETF Strategist award for its innovative re-categorizing of its investment strategies into an outcome-based approach, and its implementation of the new focus on its website, investment policy statement and marketing materials. The approach provides advisors with tools they need to focus client communications on each investor's goals. It also allows advisors to sleeve strategies so they can meet multiple investor objectives within one account.
"We're so proud of the teams at CLS and Orion for winning these tremendously competitive awards," said Todd Clarke, who was recently appointed head of National Accounts and Marketing for NorthStar. "The recognition that CLS and Orion have received is testament to the fact that when you put the advisors' needs first, you'll win every time."
Over 300 companies submitted more than 400 nominations to the 2016 Awards, and a panel of judges made up of top names in the industry determined the winners. They were announced at a gala reception on September 29, 2016 at the Mandarin Oriental Hotel in New York City.
"The WealthManagment.com Industry Award program is the first of its kind to recognize excellence among wealth management firms and vendors serving the financial advisor community," said David Armstrong, WealthManagement.com editor-in-chief and awards program chair. "It is a prestigious award that recognizes outstanding achievement, innovation and leadership for firms in the wealth management industry."
To learn more about NorthStar and its subsidiaries, visit www.nstar-financial.com.
About NorthStar Financial Services Group, LLC
NorthStar Financial Services Group, LLC is a holding company for several subsidiaries, including CLS Investments, LLC, one of the largest ETF strategists in the United States; The Gemini Companies, a single point of access for investment companies to multiple solutions for pooled investment products; and Orion Advisor Services, LLC, which is the nation's largest privately-held portfolio accounting service provider for financial advisors. Collectively, these business units offer unique services within the financial industry, including asset management, pooled investment solutions, portfolio accounting, fund distribution and compliance, and printing and marketing services. NorthStar helps investment advisors enhance client service, increase operational efficiencies and expand their businesses. NorthStar is headquartered in Omaha, Nebraska, with additional offices in Hauppauge, New York; Chicago, Illinois; Mill Creek, Washington; San Rafael, California; and Scottsdale, Arizona. For more information, please visit www.nstar-financial.com
WealthManagement.com provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business-all from one site. It boasts more than 60 editorial contributors who provide content for the more than 465,000 financial advisors and financial planners.
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CLS Investments, LLC ("CLS") was selected as a winner for WealthManagement.com's 2016 Industry Awards in the category, Asset Managers - ETF Strategist. The WealthManagement.com Industry Awards program is an unbiased, third-party organization seeking to recognize companies that support financial advisors. Nominations for the WealthManagement.com Industry Awards were based on a submission from the company describing how it helps financial advisors work with clients. The award goes to the company selected by a Judges Panel made up of ten industry professionals. Winners of the award for each category were announced September 29, 2016. WealthManagement.com is not affiliated with CLS. Ratings and awards may not be representative of any one client's experience and are not indicative of CLS's future performance.