“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 Hosting
service, 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