Orbitex Financial Services Group of New York, parent to the investment adviser of the Orbitex Group of Funds, has acquired Clarke Lanzen Skalla Investment of Omaha, Neb., the company announced.

CLS, founded in 1989, is an independent fee-based asset management firm with about $1 billion in assets under management. The firm's product line includes asset allocation wrap accounts and its own CLS AdvisorOne mutual funds. Terms of the agreement were not disclosed.

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