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Rating:CLS Raises Its Bid on ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 20, 2012

CLS Raises Its Bid on ETFs

Reported by Irene Park

Look for CLS to tighten its game in the ETF space.

At least that's what Todd Clarke, who was just named CEO of CLS, told the MFWire in a phone interview.

"We're big huge believers in ETFs," Clarke said. "Our vision is to be able to build relationships so that advisors have access to our ETF models in a number of different places."

Clarke said that as CEO, he will focus primarily on strengthening existing and building new relationships and partnerships with CLS' partners and key broker-dealers to organically grow the business. Currently, CLS offers its ETF models in 401(k)s, insurance products like variable annuities, and custodial platforms including TD Ameritrade, Schwab and Investment Placemark.

To support this effort, CLS has given responsibility for Clarke's former day-to-day duties including operations, compliance and systems to new president Ryan Beach.

"Hopefully, that enables us to elevate the importance of the day-to-day functions to the level that they deserve," Clarke said regarding the newly defined president role.

Meanwhile, CLS also brought in John Russel “Rusty” Vanneman to replace former CIO Bob Jergovic, who passed away last November. Vanneman will oversee the investment research and analytics team.

CLS is not planning any additional hires at this time, Clarke said.  

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