OMAHA, NE–(Marketwired – August 25, 2015) –
- 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 http://www.nstar-financial.com/.