First Money Market Account Fund Added to CLS's AdvisorOne Funds

OMAHA, Neb., Feb. 2, 2012 /PRNewswire/ -- CLS Investments, LLC, one of the largest third-party money managers in the U.S., is pleased to announce that it has been formally named advisor to the Milestone Treasury Obligations Portfolio, a money market fund previously managed by Milestone Capital Management. The fund has been reorganized into the AdvisorOne Funds family of funds and renamed the Milestone Treasury Obligations Fund. In connection with the reorganization, CLS was appointed by the fund's shareholders as the fund's investment adviser.

"Adding a money market fund is a creative and innovative way to deliver risk budgeting solutions. While there is risk in money market funds, it is different from the risk that the other AdvisorOne funds are exposed to," said Todd Clarke, President of CLS. "This has the potential to give CLS's sister companies and their clients an excellent solution for their cash management needs."

The fund was recently honored by Crane Data, LLC, publisher of Money Fund Intelligence, with a Money Fund Intelligence Award for ranking No. 1 in 10-year return performance out of 62 Treasury institutional money funds through December 31, 2011.

The fund's managers, Marc Pfeffer, Matthew Santini and Janice Meehan, have joined the CLS portfolio management team and will continue to work out of their office in Greenwich, Conn., giving CLS "feet on the ground" on the East Coast. Mr. Pfeffer has been responsible for the day-to-day management of the fund since 1994 while Mr. Santini is a portfolio manager responsible for investment strategy and trading. Ms. Meehan oversees research, counterparty analysis and rating agency communications and reviews.

The fund's investment objective is to provide its shareholders with the maximum current income that is consistent with the preservation of capital and the maintenance of liquidity.

"We firmly believe that while risk in asset classes changes, the risk in your portfolio should not," said Mr. Clarke. "Adding a money market fund shows our commitment to helping investors achieve their financial goals via enhanced risk management within their portfolios."

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

About CLS Investments, LLC
CLS Investments is a leading investment management firm specializing in delivering innovative risk-budgeted strategies through multiple investment vehicles. As one of the largest active third-party money managers in the United States, CLS works with more than 2,000 financial advisors to manage their 40,000 individual clients' portfolios. Using a disciplined approach and unique methodology, CLS identifies risk budgets based on an individual investor's financial goals, ability to handle risk and overall time horizon. CLS then allocates client accounts by overweighting strong asset classes while keeping the risk level consistent. Once a risk budget is assigned, that risk cannot be over-spent, nor can it be underused. CLS also manages the AdvisorOne Funds, mutual funds that invest in ETFs to provide diversified risk-budgeted portfolios in a single fund.  0171-CLS-2/1/2012

Contact: Cheryl Joost
JCPR
973-850-7303
cjoost@jcprinc.com

SOURCE CLS Investments

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