CLS Investments Combines TAMP Enterprise With Newly Acquired FTJ FundChoice


In early 2019, CLS Investments will mix its turnkey asset administration platform enterprise with FTJ FundChoice, which was acquired by CLS guardian firm, NorthStar Monetary Companies Group, earlier this 12 months. The mixed companies may have over $14 billion in TAMP belongings, plus $four billion in platform and privately managed belongings.

FTJ CEO Dean Cook dinner will lead the initiative to convey the companies collectively. The transfer will enable CLS to give attention to funding administration, which will likely be led by Rusty Vanneman, president and chief funding officer at CLS. CLS CEO Ryan Seaside will transition to FTJ as president.

Advisors on the CLS platform will now have entry to FTJ’s lineup of funding strategists.

NorthStar Monetary Companies Group, the guardian firm of Orion Advisor Companies and CLS, introduced plans to amass FTJ in April. The acquisition provides managed account capabilities to the Orion tech stack, and strikes it nearer to competing with bigger enterprise rivals like Chicago-based Envestnet.

In October, Orion introduced an enlargement associated to the acquisition, Orion Enterprise, which incorporates FTJ’s proprietary multi-strategy funding course of, Market Motion Methods.


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