CLS Investments, a third party money manager, has promoted Todd Clarke to the position of chief executive officer. He most recently served as the firm’s president. In addition, CLS has appointed Ryan Beach as its new president and John Russel “Rusty” Vanneman as its new chief investment officer.
Beach most recently served as Associate General Counsel of NorthStar Financial Services Group, the parent company of CLS, and Vanneman will lead the firm’s portfolio management and investment research teams and sit on the CLS Investment Committee.
“These organizational changes further our commitment to facilitating new strategic partnerships and enhancing our innovative wealth management solutions, which will allow us to achieve continued strategic growth,” stated Clarke.
CLS Investments was founded in 1989 Patrick Clarke. The firm manages more than $6.5 billion in individual, qualified plan, and variable annuity portfolios of mutual funds, exchange traded funds, and individual stocks and bonds.