Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Money Manager Brings in New Blood Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 21, 2012

Money Manager Brings in New Blood

Reported by Irene Park

CLS Investments has expanded and upgraded its sales team with one addition and two promotions.

Former MFS Investment Management institutional wholesaler John Welch will replace Michael Caplin as regional VP of sales for the northeastern states region. Caplin, meanwhile, transitioned to divisional manager for the western states region. Brian Ragle was also promoted to divisional manager and will oversee the eastern states territory.

"We've had to expand our sales force. We'll probably add a few more before year-end so we can extend our services and our regions in this market, especially in 401(k)," Clarke said.

Clarke added that he has seen growth especially in managed accounts inside retirement plans. CLS offers managed accounts using ETF portfolios for participants.

"One thing we have found is while parts have a tremendous amount of information at their fingertips, the one thing they're hungry for is actual advice," he said. We're able to offer that to them in the form of a management account inside retirement-planning mechanisms."




Company Press Release

CLS Investments Continues Sales Team Expansion with Appointment of John Welch


OMAHA, NEB. – August 21, 2012 –CLS Investments, LLC (“CLS”), a third party money manager, is pleased to announce the recent hire of John Welch in the position of Regional Vice President of Sales. He will be serving the northeastern states region.

The addition of Mr. Welch comes as prior Regional Vice President of Sales for the northeast territory, Michael Caplin, transitions to the role of Divisional Manager for the western states region. Brian Ragle has also been promoted to the position of Divisional Manager, overseeing the eastern states territory. Both men will continue to serve certain portions of their former territories as active wholesalers.

CLS partners with financial representatives to deliver innovative investment solutions to clients and qualified plan participants through core business, qualified plans, separate account platforms, and 403(b) markets.

Mr. Welch comes to CLS with over 18 years tenure in the financial services industry. Prior to joining CLS, he worked as an Institutional Wholesaler for MFS Investment Management in the Mid-Atlantic area. A Business Management major from the University of Maine, Mr. Welch has passed the FINRA 6 and NASAA series 63 securities examinations. He also received the Certified Investment Management Analyst designation from Wharton Business School in 2009.

Caplin joined CLS in 1992 and previously worked as a financial advisor, as well as owned a financial planning practice. Ragle holds more than 20 years of prior experience in the financial services and banking industries, including working as an independent financial advisor. He came to CLS in 2000.

About CLS: CLS Investments, LLC (“CLS”) is one of the largest independent third party money managers in the United States. Founded in 1989 by W. Patrick Clarke, the firm manages individual, qualified plan, and variable annuity portfolios of mutual funds, exchange traded funds, and individual stocks and bonds. CLS serves over 40,000 individual investors and holds more than $6.5 billion in assets under management, as of July 31, 2012. The company professionally manages money using the principles of risk budgeting and tactical asset allocation, and maintains an experienced team of portfolio managers and analysts. To learn more, visit http://www.clsinvest.com.
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use