NorthStar Adds National Accounts Team Led by Todd Clarke; Appoints Ryan Beach as CEO of CLS Investments

OMAHA, NE--(Marketwired - September 14, 2016) - NorthStar Financial Services Group, LLC (NorthStar), a holding company for several subsidiaries which offer unique services within the financial industry, has added a National Accounts team to support the firm's rapid growth in assets and relationships among its subsidiaries, including The Gemini Companies (Gemini), Orion Advisor Services (Orion) and CLS Investments (CLS). The National Accounts and Marketing teams will be led by Todd Clarke, formerly the CEO of CLS. Ryan Beach, formerly president of CLS, will assume the role of CEO effective immediately.

NorthStar, which currently services nearly $430 billion in assets, has organized two new sales and distribution groups at the NorthStar level which will be led by Clarke and Bill Wostoupal, executive vice president. Wostoupal will lead the Institutional Sales team, focused on servicing institutional clients such as 529 plans, state retirement platforms and institutional mandates. In addition, Clarke and Wostoupal will continue to help drive strategic direction for all NorthStar subsidiaries through their roles as senior executives.

"These changes mark an exciting new time for NorthStar," said Clarke. "We feel that we have the proven ability to accelerate each subsidiary's growth by maintaining focus on product innovation and providing the best possible service to our clients. I've been at the helm of CLS for a long time - and I will continue to work with the amazing team we have assembled there- but as NorthStar collectively grows and our group of subsidiaries continues to integrate services, my new post will allow me to be more effective in servicing the entire NorthStar client base."

As newly appointed CEO of CLS, Beach will now be responsible for leading the firm's executive team. "I'm looking forward to continuing to work closely with Todd to provide CLS asset management services to additional partners," said Beach. "CLS is enjoying its strongest year to date in asset flows. With these exciting developments slated for CLS, our future is bright and I am eager to lead the team into this next chapter."

Located in Omaha, Neb., NorthStar has grown by approximately 61% AUM and has added 133 employees collectively among its subsidiaries since January 2015. The company recently unveiled a new $6.3 million facility on its Omaha campus. The additional 43,000 square-foot space includes seating for 300-350 employees.

For more information about NorthStar and its subsidiaries, visit http://www.nstar-financial.com/.

For media inquiries, contact CLS@FiCommPartners.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

About CLS Investments

CLS is an Omaha-based registered investment adviser 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 Investments, LLC is a registered investment adviser. To obtain a copy of a fully compliant presentation and/or a list of composite descriptions, contact us at 888-455-4244. CLS is a subsidiary of NorthStar Financial Services Group, LLC (NorthStar), which currently has nearly $430 billion in assets under management and administration. To learn more, visit www.clsinvest.com.