OMAHA, Neb., Feb. 15, 2012 /PRNewswire/ -- CLS Investments, LLC ("CLS") and Meeder Financial are pleased to announce that both firms are available to provide professional investment management services to clients of Principal Life Insurance Company on its PCRP (Principal Comprehensive Retirement Program) and Principal Advantage® retirement products. The addition of these services will help address the marketplace demand for fiduciary coverage and registered investment adviser services for participants. Investment advisory services from CLS and Meeder will be available for plans with greater than $1 million in assets.

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Through a network of financial advisers and Third Party Administrators (TPAs), CLS and Meeder wholesalers offer asset allocation services, marketed as Managed Account services, to retirement plan participants. Through an agreement with Principal Life Insurance Company, neither CLS nor Meeder will act as the primary intermediary for a retirement plan. Rather, each will work directly with financial professionals to introduce their managed account services to plan sponsors, complimenting the financial professional's value proposition.

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 $7 billion in assets under management. CLS partners with thousands of financial professionals to help 40,000 individual investors achieve their financial goals. CLS delivers innovative solutions through multiple investment strategies and employs an experienced team of portfolio managers and analysts, including four who hold the Chartered Financial Analyst® designation. The firm manages individual, qualified plan, and variable annuity portfolios comprised of mutual funds, exchange traded funds, and individual stocks and bonds.

Meeder Financial has been developing and implementing investment solutions for Financial Advisers and their clients since 1974. Meeder Financial's team of portfolio managers, including three Chartered Financial Analysts®, manage the firm's diverse investment strategies offering innovative approaches to equity, fixed income, cash management, fund-of-funds management, and asset allocation solutions. As a pioneer in Defensive Investing, Meeder holds one of the longest live track records for tactical asset allocation in the nation and employs this strategy in both equity and fixed income funds and portfolios. Meeder Financial manages or advises approximately $4.3 billion in assets and provides investment services to nearly 28,000 shareholders, retirement plan participants, and investors. Meeder serves the needs of individual investors as well as corporate and institutional investors through retirement plans, private account management, variable annuity overlay management, cash management, and mutual funds.

The Principal Financial Group is not affiliated with CLS Investment Services or Meeder Financial.  No person or entity affiliated with the Principal Financial Group is expressing any position relating to the advisability of the services described.

For more information about CLS, please contact Cheryl Joost at 973-850-7303 or cjoost@jcprinc.com.

SOURCE CLS Investments, LLC

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