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Content provided by Marc Pfeffer, CLS Senior Portfolio Manager Best execution, put simply, is an advisor’s obligation to get optimal results for client transactions. Although not defined in securities law, industry professional groups, such as U.S. Compliance Consultants, have defined “best execution” to include “execut[ing] securities transactions for clients in such a manner that the...

NorthStar Financial Expands Omaha Corporate Campus

  • Omaha-based holding company breaks ground on second building on corporate campus after hiring more than 300 new employees since January 2014;
  • NorthStar Financial Services Group, LLC services over $325 billion in assets under management and administration and is currently home to 709 employees;
  • Newly developed space will include seating for 300-350 employees, access to running trails, shower and locker rooms, and views of Zorinsky Lake and Recreation Area

NorthStar Financial Services Group, LLC (NorthStar), a holding company for several subsidiaries which manage and service financial assets, is breaking ground today on its second building on the Omaha, Nebraska campus.

Collectively, the NorthStar companies are currently home to 709 employees and $325 billion in assets under management and administration. The approximately $6.3 million expansion is a result of impressive growth at NorthStar and its subsidiaries, including the hiring of 326 new employees company-wide since January 2014.

“NorthStar has deep roots in the Omaha community,” said Todd Clarke, CEO of CLS Investments, LLC, a NorthStar subsidiary. “What began as a family owned and operated local business, has evolved into an incredible organization built to empower investment advisors. This new building on our Omaha campus will allow us to continue to invest and innovate in support of our clients’ success.”

“The corporate culture and structure of all NorthStar subsidiaries is a function of this vibrant community,” added Eric Clarke, CEO of Orion Advisor Services, LLC, a NorthStar subsidiary. “Within the walls of our campus and beyond, we’re lucky to surround ourselves with visionaries who push the boundaries and challenge each other to make waves throughout the broader financial services industry.”

In April 2015, the company announced its acquisition by TA Associates, a leading global growth private equity firm, to include its primary business units — CLS Investments, Gemini Alternative Funds, Gemini Fund Services, Gemini Hedge Fund Services, Northern Lights Compliance Services, Northern Lights Distributors, and Orion Advisor Services. The acquisition has further provided NorthStar the resources and leverage to allow expanded support for financial advisor clients and access to additional capital for acquisitions.

“An expansion of our home campus is a physical representation of how much NorthStar continues to grow its footprint, locally and nationally,” said NorthStar Executive Vice President of Sales and Business Development, Bill Wostoupal. “As our subsidiaries continue to expand and enhance their offerings for investment advisors, milestones like this one are a testament to the exciting momentum that we see company-wide.”

The new expansion to the NorthStar campus is comprised of a 45,000 square-foot building that will house offices for The Gemini Companies, Northern Lights Compliance Services, and Northern Lights Distributors. The space will include seating for 300-350 employees, access to running trails, shower and locker rooms, and views of Zorinsky Lake and Recreation Area, providing the opportunity to further expand and develop the subsidiaries, as well as cultivate collaborative spaces that can be used to host events for both the financial services industry and local business community.

The expansion is expected to be completed in spring of 2016, and is being developed by Lockwood Development. For more information about NorthStar and its subsidiaries, visit

About NorthStar Financial Services Group, LLC

NorthStar Financial Services Group, LLC is a holding company for several subsidiaries, including CLS Investments, LLC, one of the largest ETF strategists in the United States; The Gemini Companies, a single point of access for investment companies to multiple solutions for pooled investment products; and Orion Advisor Services, LLC, which is the nation’s largest privately-held portfolio accounting service provider for financial advisors. Collectively, these business units offer unique services within the financial industry, including asset management, pooled investment solutions, portfolio accounting, fund distribution and compliance, and printing and marketing services. NorthStar helps investment advisors enhance client service, increase operational efficiencies and expand their businesses. NorthStar is headquartered in Omaha, Nebraska, with additional offices in Hauppauge, New York; Chicago, Illinois; Mill Creek, Washington; San Rafael, California; and Scottsdale, Arizona. For more information, please visit


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Building Stronger Managed Futures & Currency Portfolios

Gemini Hedge Fund Services, LLC (Gemini Hedge) has partnered with Fort Rock Asset Management LLC (Fort Rock) to launch the investment manager’s new business in managed futures, CTAs and currency managers.

“Fort Rock Asset Management utilizes its experience in managed futures and currency strategies to provide investors with alternative investment solutions that are designed to perform across full market cycles,” said David Young, President of Gemini Hedge Fund Services. “Their long careers and DNA with Societe Generale Newedge gives them a unique perspective on managed futures strategies. We look forward to working with them as they develop their new business and seek to deliver an uncorrelated source of alpha to their clients.”

Gemini Hedge will provide fund administration services to Fort Rock’s managed futures and currency investment vehicles, including comprehensive reporting, compliance oversight and other investor service capabilities. By handling these middle and back-office responsibilities, and giving fund managers and investors access to a broad spectrum of data and regular reporting through its superior technology platform, Gemini Hedge gives Fort Rock the freedom to spend more time on manager selection and asset growth.

“Our Liquid Strategies business line represents the culmination of more than 30 years of manager analysis in our previous positions with Societe Generale Newedge combined with custom in-house developed quantitative analysis. This analysis was developed in conjunction with Dr. Matthew Schneider, our Director of Quantitative Research. We believe that it is this combination – the qualitative manager assessment combined with a quantitative overlay – that gives investors exposure to what we believe are promising investments in this asset class,” said Jonathan Gane, Chief Executive Officer of Fort Rock Asset Management. “Gemini Hedge, as an experienced hedge fund administrator and service provider, is ideally positioned to support the growth of our new business and help us bring to market alternative products which generate alpha, preserve capital and mitigate risk.”

About Gemini Hedge Fund Services, LLC

Gemini Hedge Fund Services, LLC (Gemini Hedge) provides comprehensive fund administration services to hedge funds and a consultative approach to help bring pooled products to market. Gemini Hedge is a hedge fund administrator designed from start to finish to provide fully customized solutions to clients that enable them to meet the requirements of investors and regulatory bodies. Gemini Hedge offers both depth and breadth of services for managers ranging from middle/back office duties to comprehensive financial reporting and all aspects of investor services. High-touch, high-tech services are focused on providing superior, best-of-breed technology that allows both managers and investors to have unparalleled access to hedge fund data and provide the required reporting as often as possible, based on the strategy of their fund. For more information, please visit

About Fort Rock Asset Management, LLC

Founded in 1991, Fort Rock Asset Management, LLC (“Fort Rock”) is an independent, privately-held investment manager located inPortland, Oregon. Fort Rock is a veteran alternative investment solutions provider with a 23-year track record of outperformance, portfolio differentiation and capital preservation. Fort Rock has two core business lines:

1. 1. Hedge Fund Strategies focused on niche, capacity-constrained and limited-capacity fundamental equity long/short managers.
2. 2. Liquid Strategies focused on managed futures and currency managers.


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