CLS Investments Goes Live with Charles River IMS and Managed Services to Support Growth as Firm Doubles Assets under Management

BOSTON - Thursday, April 19th 2012 [ME NewsWire]

(BUSINESS WIRE)-- Charles River Development(Charles River), a front- and middle-office investment management solutions provider, today announced that CLS Investments, LLC (CLS), one of the largest independent third party money managers in the United States, is live on the Charles River Investment Management Solution(Charles River IMS) for equity and fixed income portfolio management, compliance, and trading and order management. The enterprise solution is fully managed by Charles River application specialists and hosted at one of Charles River’s tier one hosting facilities. Integrated electronic trading via FIX (Financial Information eXchange) is provided through the Charles River Network.
“We started utilizing Charles River with our ten core funds. We will also be adding our variable annuity sub accounts as well as a recently acquired money market fund,” said Jim Anderson, Chief Operating Officer for CLS. “With these varied business lines, we need to operate efficiently in order to compete with other asset management firms in this difficult economic environment. Charles River IMS provides the automation and complete audit trail we need to handle increasing numbers of portfolios, higher trade volumes and greater regulatory scrutiny. With Charles River’s Application Management and Hostingservice, we only pay for the resources we need, and we can immediately increase capacity as we grow. This gives us complete asset coverage in a scalable solution.”
“Managed Services let clients focus on their core competencies and derive maximum value from their investment management solution, while minimizing internal support resources, because their system is managed by our application experts,” said Tom Driscoll, managing director, global, Charles River Development. “Globally Charles River provides managed services, including application management, hosting and data, to more than 60 clients, who benefit from lower TCO and are better able to adapt to changing business requirements.”
About CLS Investments, LLC
CLS is a professional money management firm and SEC Registered Investment Adviser with corporate headquarters in Omaha, Nebraska. It is one of the largest independent third party money managers in the United States, with more than $8 billion in assets under management. CLS partners with 1,500 financial professionals and 1,300 plan sponsors to help 40,000 individual investors achieve their financial goals.
About Charles River Development
Charles River Development provides fully managed solutions including software, hostingand data servicesto automate front- and middle-office investment operations for buy-side firms. SaaS solutionsand on-premises softwaresupport portfolio management, complianceand riskmonitoring, orderand execution management, access to global liquidityand post-trade processing. The company has more than 300 clients in over 40 countries in the institutional asset and fund management, alternative, wealth management, insurance, banking, pensionand custodymarkets.

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Contacts

Charles River Development
Hannah Beauchamp, +44 20 7397 6830
HannahBeauchamp@crd.com