NorthStar Financial Services Group, LLC (NorthStar), a holding company for several subsidiaries which manage and service financial assets, has marked the 10-year anniversary of its founding by two veterans of the financial services industry, Michael Miola and the late W. Patrick Clarke

Mr. Miola and Mr. Clarke created NorthStar in January 2003 to join together the unique companies they individually established, and to empower investment advisors by offering them a wide range of financial services, including mutual fund servicing, back-office technology and asset management. Ten years later, NorthStar has more than $120 billion in assets under administration and management, employs a staff of over 450 and operates offices in multiple cities.

“NorthStar and its subsidiaries could not have reached this milestone without the dedication of its founders and staff to empowering investment advisors by continually harnessing opportunities across the financial services sector,” said Todd Clarke , Chief Executive Officer of CLS Investments, LLC (CLS), NorthStar’s Registered Investment Advisor subsidiary. “We grew out of a need in the marketplace for investment advisors to leverage an innovative organization built to meet their needs as well as their clients’ needs.”

Mr. Miola founded American Data Services, Inc. (ADS), which would later become Gemini Fund Services, LLC (Gemini), in 1983. Thirty years after its establishment, and 10 years after its inclusion in the NorthStar organization, Gemini is a leading provider of comprehensive, pooled investment solutions, overseeing more than $17 billion in assets under administration and continuing to grow. Gemini’s assets under administration include the firm’s shared fund trusts (Northern Lights Fund Trust I, II and III, as well as Northern Lights ETF Trust, Northern Lights Variable Trust and Two Roads Shared Trust).

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