OMAHA, Neb., Aug. 21, 2012 /PRNewswire/ -- 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.
"Increased sales coverage within our distribution channels provides us with more opportunities than ever to deliver our Risk Budgeting Methodology and continue to utilize ETFs," said Todd Clarke, CLS President. 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.
SOURCE CLS Investments, LLC