Riverfront Investment Group


Michael Jones, CFA Founding Partner, Chairman and Chief Investment Officer	Michael began his career in 1985 as a credit analyst for Central Fidelity Bank, and ultimately rose to become the bank's Mortgage Backed Securities Portfolio Manager. He moved to New York in 1991, serving as MBS Portfolio Manager for Alliance Capital Management and returned to Richmond to join Ryland Capital Management, a start-up money manager that was soon acquired by Wheat First Butcher Singer. Both before and after the acquisition, Michael served as Director of Fixed Income Research and, in that capacity, managed portfolios and developed proprietary analytical software. Michael became Chief Fixed Income Officer for Mentor in 1996, and was made Co-Head of Fixed Income when Mentor was merged into Evergreen Investment Management. Michael was named Chief Investment Officer for Wachovia Securities in 2002. In this capacity, he led all aspects of advice at the firm, including asset allocation, tactical strategy and portfolio implementation, and was responsible for the management of over $75B in discretionary portfolio assets. Michael earned a BA in Economics from the College of William and Mary and an MBA from the Wharton School at the University of Pennsylvania. He received his CFA designation in 1990.


Rod Smyth Founding Partner and Chief Investment Strategist	Rod is an Irishman with 25 years of global investment experience. He has lived in and worked in the securities industry in Asia, Europe and North America. Trained in Japan by Nomura Securities in 1983, he worked as an Asian specialist for Citicorp on Wall Street from 1985 -1988. In 1988 Rod went home to Ireland where he worked for six years as a portfolio manager investing in the US, Asian and Latin American markets, returning to Japan in 1993 as the Investment Strategist for Baring Securities in Tokyo. In 1995, Rod has been in Richmond with Wachovia Securities and its predecessor firms in various key investment roles. Rod was appointed Wachovia's Chief Investment Strategist in 2000 and served in that role until he and three colleagues started Riverfront Investment Group in April 2008. Rod has an MA in Economics from Dundee University in Scotland.


Doug Sandler, CFA Founding Partner and Chief Equity Officer	Doug was formerly a Managing Director and Chief Equity Strategist of Wachovia Securities, where he was responsible for the equity advice portion of the Advisory Services Group. He led a team of talented and experienced portfolio managers and strategists, whose goal was to provide independent and unambiguous equity advice. The work of his team included actively managed portfolios, weekly investment pieces and the regular monitoring of widely held positions of the firm's clients. Doug's career at Wachovia Securities, which began in 1992, has included positions in fixed income trading, portfolio management and marketing. He received his CFA designation in 1997 and earned a BS in Accounting and an MBA from the University of Richmond, graduating with honors. Doug is also a regular guest on the financial news channels (CNBC, Bloomberg) and is frequently quoted in the financial press.


Pete Quinn Founding Partner and Chief Operating Officer	Pete serves as Chief Operating Officer for Riverfront and is responsible for all non-investment functions of the firm including distribution, finance and operations. With 26 years of industry experience, Pete spent much of his career at Wachovia Securities and its predecessor firms. He worked in all areas of the firm including capital markets, asset management and retail brokerage. Pete served as President of the firm's asset management distribution company (Mentor Investment Group, LLC), until it was merged into the Evergreen Funds following First Union's acquisition of Wachovia. After the merger, Pete served as President of Wachovia Securities Private Client Group. Pete left Wachovia Securities in 2003 to form Cay Holdings, LLC., which provided growth capital to small businesses. Most recently, Pete served as head of retail sales for Davenport & Company in Richmond, Va. Pete holds an undergraduate degree in Accounting from The College of William and Mary and an MBA from the University of Richmond.


Tim Anderson CFA, Partner, Chief Income Officer	Tim's investment career spans over 20 years and has been focused on the active management of core, core plus, and high yield bond portfolios. Since 2004, Tim has served as Wachovia Securities’ Chief Fixed Income Strategist. In this role he was responsible for managing the traditional and alternative fixed income holdings in discretionary, actively managed portfolios and for developing, implementing, and communicating fixed income strategies. Tim has been a frequent guest on CNBC. Tim earned a BS in Finance from DePaul University and an MBA. from the University of Chicago. He received his CFA designation in 1993.


Sam Turner Partner, Director Large Cap Portfolio Management	Sam was formerly a Senior Vice President and Portfolio Manager at Wachovia Securities, where he was responsible for the management of large cap equity funds within the Advisory Services Group since 2000. He was also actively involved with Wachovia Securities' advice team, publishing weekly reports and contributing to the firm's tactical asset allocation decisions. Sam received his Chartered Market Technician designation in 2007 and earned his Bachelor of Business Administration degree from James Madison University.


Paul Louie Partner, Director Small/Mid Cap Portfolio Management	Before joining Riverfront, Paul spent over 13 years as a research analyst and senior portfolio manager with Wachovia Securities and its predecessor companies in Richmond. In 2000, Paul maintained a small/mid cap buy list, which became an active separately managed account in 2002 and was offered as part of Wachovia's Compass Advisory program. He earned his BS in Management from Virginia Polytechnic Institute and State University.


Bill Ryder CFA, CMT, Partner, Director of Quantitative Strategy	Bill most recently served as Chief Quantitative Strategist for Wachovia Securities, LLC. He assumes the same role at Riverfront. Together with Riverfront's Chief Investment Strategist, Bill provides analysis and commentary for the firm's weekly and semi-annual outlook publications. He joined Wachovia's Investment Strategy Department in 1991. Bill is a Chartered Financial Analyst and Chartered Market Technician. Bill previously served as a Compass Portfolio Manager and a portfolio manager for the Mentor Strategy Mutual Fund. Bill has been quoted in The Wall Street Journal, Investor’s Business Daily, the LA Times, Dow Jones Newswire, Bloomberg Radio and AFP.


Marc Cheatham Partner, Director of Technology and Operations	Marc was the Director of Analytical Support at Wachovia Securities where he was responsible for the research and development of analytical software and tools for the firm. Marc led an extremely talented team that worked directly with the Chief Investment Officer to produce cutting edge tools for the advice team, and then oversaw the migration of those tools to the Financial Advisor's desktop. This work became the core for all the brokerage firm's systems. Marc has worked directly with Michael Jones for over 13 years creating technical solutions to aid various businesses for Wachovia. Marc received a BS in Computer Science with minors in Physics and Economics from University of Richmond in 1995.


Chris Konstantinos Portfolio Risk Manager	Chris is the firm's Portfolio Risk Manager. He began his career at Wachovia Securities in 2000 and worked in various capacities with the Advice Group, including Portfolio Manager, Portfolio Risk Manager and Sector Specialist covering technology. Additionally, he oversaw the firm's Priority List for four years. Chris graduated with a Bachelor of Science in Business Administration from the Kenan-Flagler School of Business, University of North Carolina at Chapel Hill.


Rebecca Felton Relationship Manager	Rebecca brings over 25 years of industry experience to Riverfront. Rebecca joined Wachovia Securities in 1987 and most recently served as Senior Vice President and Senior Portfolio Manager for the Wachovia Compass Advisory Program. Additionally at Wachovia, she managed relationships with the firm's national research providers and was responsible for communicating research recommendations to the retail system through live daily broadcasts, written reports and branch seminars She holds a BS in Business Administration from the University of Richmond and an MBA from Virginia Commonwealth University.


Ken Liu Global Macro Strategist	Ken Liu is the Global Macro Strategist at Riverfront Investment Group, LLC. He works with Chief Quantitative Strategist Bill Ryder and Chief Investment Strategist Rod Smyth to provide timely market analysis and advice for Riverfront's clients and portfolios. Ken was with Wachovia Securities and its predecessor firms since 1998 and helped establish the Investment Strategy Group. Ken has a Bachelor's Degree in Economics from Brown University.


Karrie Southall Manager, Portfolio Administration and Trading	Karrie directs the portfolio administration and trading function at Riverfront Investment Group and is the primary liaison to the firm's back office outsource provider, SEI. Karrie joined Wachovia Securities in 1999 as a Financial Advisor for a six-member Wealth Management team. Karrie began working with the Wachovia Compass Advisory Portfolios in 2004 and her primary role was marketing of the portfolios and disseminating market information to the field. Karrie received a BA in economics and Spanish from the University of Virginia as well as an MBA from the University of Richmond. She also holds the designation of Accredited Asset Management Specialist from the College for Financial Planning.


Wendy Smailes Manager, Compliance and Administration	Wendy is the Manager of Compliance and Administration for Riverfront Investment Group. For the past five years, she has served as the Compliance Liaison for the Advisory Services Group at Wachovia Securities. In this capacity, she has worked with Management, Compliance & Legal personnel and several Regulators to ensure that the Group was consistently operating within all applicable regulations and guidelines. Wendy joined a predecessor of Wachovia Securities in 1993. Wendy graduated from Muhlenberg College in Allentown, PA, with a Bachelor of Arts degree.


Tia Abrams Portfolio Administrator	Tia joins Riverfront from Wachovia Securities where she began her career in the financial services industry in March 2006. Tia worked as an Administrative Assistant for the Advisory Services Group. Before coming to Wachovia, Tia worked at Old Dominion University in the Office of Finance as an Accounts Receivable Representative. While at Old Dominion University, she also earned her BS in Finance.