CLS is extremely pleased to announce a new partnership with The Principal that makes five actively-managed and risk-based CLS portfolios available within the Principal Advantage and PCRP retirement products. This professional money management option from CLS, available to participants in plans with at least $1 million in assets, affords financial professionals the ability to provide qualified retirement plan sponsors the fiduciary coverage and registered investment adviser options that today’s participants are demanding on their retirement plans.
Through this agreement with The Principal, CLS will not act as the primary intermediary for a retirement plan. Rather, we will work directly with financial professionals to introduce our managed account services to plan sponsors, thereby complementing the financial professional’s value proposition.
CLS offers a unique and disciplined approach to asset allocation, known as risk budgeting, which allows CLS portfolio managers to ensure that the amount of risk in each portfolio is always equal to the level appropriate for the client's individual financial goals and investment time horizon. By tracking 42 asset classes, our portfolio managers are able to constantly seek areas of the market that are outperforming. If a move to a more attractive asset class makes the portfolio too aggressive or too conservative, a complementary adjustment is made to keep the portfolio in balance with the specified risk budget.
The five CLS models now available in the Principal Advantage and PCRP products are comprised of a combination of CLS proprietary funds and The Principal sub-advised investment options. This "Do-it-For-Me" option interfaces with The Principal investor profile questionnaire already in use, making it easy for participants to select a model with the appropriate level of risk.
For more information, please visit www.principal.com