Cls Investments, LLC (Omaha)


Cls Investments, LLC is a large advisory firm based in Omaha. It manages $8.6 billion of regulatory assets for 36,038 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Cls Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and portfolio management for educational savings & able plans. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cls Investments: assets under management

The assets under management (AUM) of Cls Investments, LLC is $8.6 billion. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.07 billion in discretionary accounts and $1.53 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $196.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $306.2 million.
Cls Investments has custody of $3.44 billion in cash and securities for 14,700 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cls Investments, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ryan Bruce Beach serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Ryan Bruce Beach is individuals with 22,897 clients and $2.83 billion of assets under management. Among the 13 most similar advisory firms, Cls Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $6.56 billion for 24,758 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cls Investments doesn't advise any private funds.

Careers at Cls Investments, LLC

The company employs 29 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.

There are 553 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ryan Bruce Beach has been acting as President since 1 Sep 2012. John Russel Vanneman has served as the Chief Investment Officer since 1 Sep 2012. Bruce Dean Bischoff joined the executive team most recently as the Elected Manager.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Warren Patrick Clarke Manager 1 Mar 1989 Other 48081
Brian Spencer Nielsen Secretary 1 Sep 2001 Other 4455509
Robert Michael Jergovic Chief investment officer 1 Mar 2002 Other 715341
Scott Richard Kubie Vice president/chief strategist 1 Feb 2003 Other 2958475
Michael Miola Manager 1 Feb 2003 Other 1255741
Llc Northstar Financial Services Group Sole member/100% shareholder 1 Feb 2003 75% - 100% 22-3893560
Llc Series 3 Of Northstar Financial Services Group Sole member/100% shareholder 1 Feb 2003 75% - 100% 22-3893560
Todd Patrick Clarke Ceo/manager 1 Feb 2005 Other 2302776
Mark Daniel Applegarth Treasurer/controller 1 Oct 2006 Other 5243868
John Wallace Ludlow Chief operations officer 1 Jul 2007 Other 2652167
Douglas Edward Mccash Chief compliance officer 1 Jul 2008 Other 5160163
James Duane Anderson Chief information officer 1 Jan 2010 Other 4459140
John Russel Vanneman Chief investment officer 1 Sep 2012 Other 2014443
Ryan Bruce Beach President 1 Sep 2012 Other 5976659
Kylee Marie Beach General counsel 1 Nov 2012 Other 6005280
Kylee Marie Pohl Chief compliance officer 1 Nov 2012 Other 6005280
Michael Wilford Forker Chief compliance officer 1 May 2014 Other 6145134
Eric Reese Clarke Elected manager 1 Apr 2015 Other 2917776
Michael Roy Burns Elected manager 1 Apr 2015 Other 4053153
Todd Richard Crockett Elected manager 1 Apr 2015 Other 5886142
Clara Elizabeth Maddox Elected manager 1 Apr 2015 Other 4870251
Justin Eugene Kullman Chief operating officer 1 Sep 2017 Other 4579238
Bruce Dean Bischoff Elected manager 1 Mar 2018 Other 6153299

Indirect Owners

The SEC currently registers 16 indirect owners.

Name Entity Date acquired Ownership Employer ID
Warren Patrick Clarke Member/manager 1 Feb 2003 50% - 75% 48081
L.P. Ta Associates Xi Gp General partner 1 Apr 2009 Other 26-4726952
Lana Hansen Clarke Owner 1 Mar 2010 50% - 75% 6151545
Inc. Clarkston Holdings General partner 1 Jun 2010 Other 27-2130895
Warren Patrick Clarke Limited partner 1 Jun 2010 75% - 100% 48081
Lp Newton Partners Owner 1 Jun 2011 25% - 50% 27-3018767
L.P. Ta Associates General partner 1 Jun 2011 Other 04-3205751
Todd Patrick Clarke Trustee 1 Sep 2011 Other 2302776
Clarke Family 2011 Trust Limited partner 1 Nov 2012 75% - 100% 45-6465487
Brian Spencer Nielsen Manager 1 Nov 2012 Other 4455509
Jonathan Russell Baum Elected manager 1 Feb 2015 Other 1155906
Todd Patrick Clarke Elected manager 1 Apr 2015 Other 2302776
Llc Northstar Topco Sole member 1 Apr 2015 75% - 100% 47-3818060
Vernon Richard Barback Elected manager 1 Apr 2015 Other 4347165
L.P. Ta Xi Ns Aiv Member 1 Apr 2015 50% - 75% 30-0867180
Jonathan Russell Baum Elected manager 1 Feb 2016 Other 1155906

Based in Omaha

The principal office where Cls Investments, LLC performs its advisory services is located at 17605 Wright Street, Omaha, NE 68130, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-493-3313 or by fax 402-493-2811. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at clsinvest.com.