The river of RiverFront is one of America's most historic—the James. Our company traces its roots to the well-known and influential regional brokerage firm Wheat First Securities, whose headquarters overlooked the James in Richmond, Virginia. In founding RiverFront in Richmond in 2008, we preserved that relationship with our favorite river— recognizing as well that it is an apt metaphor for the fluidity of the dynamic investment model that is central to our investment approach.
2017 RiverFront crosses $6 billion in assets under advisement. Team grows to over 40 people. Teammates become frequent guests on media outlets, even hosting major network morning news show. Client base over 2000 individual financial advisory teams at more than 10 partner, financial service firms.
2016 Launch 8 sub-advised exchange-traded funds and the RiverShares series of asset allocation portfolios. Ring the Bell at the NASDAQ in partnership with First Trust Portfolios celebrating launch of international sub-advised ETFs. Named “2015 ETF Strategist of the Year” by ETF.com*. Award over $50,000 to local charities along with hundreds of volunteer hours.
2015 $5 billion in assets under advisement crossed. RiverFront named, “2014 ETF Strategist of the Year” by ETF.com*. We continue partnering with local charities and offer employees 4 hours per month paid volunteer hours. Continue streak of being named one of the top places to work in Virginia.
2014 RiverFront launches first 100% fixed income separately managed account, Dynamic Fixed Income. Michael Jones named as one of ETF.com’s, “2014 All Stars: The Most Effective and Innovative ETF Strategists in the Business”*. Named 2014 “Best Places to Work in Virginia”*.
2013 Virginia Business and the Best Companies Group names RiverFront as one of the “Best Places to Work in Virginia”*. RiverFront selects first Charitable Giving Partner and donates $25,000 and many volunteer hours to Children’s Home Society of Virginia. RiverFront Strategic Income Fund (RIGS) is launched on the NYSE. We cross $4 billion in assets under advisement.
2012 Money Management Institute names RiverFront, “Emerging Manager of the Year”*. Team grows to over 30 employees.
2011 We continue to create jobs in the Richmond, VA community, adding investment and business development employees to support growth. RiverFront relocates to new offices downtown, closer to the James River. We end the year by crossing $3 billion in assets under advisement.
2010 RiverFront begins to sub-advise a series of mutual funds. We exceed $2 billion in assets under advisement.
2009 RiverFront crosses $1 billion in assets under advisement. Named to “2009 ETF Advisor Hall of Fame: Pioneers in Portfolio Management” by Research Magazine*.
2008 RiverFront Investment Group is founded by the same team who has been working together since the 1990s. Key strategic partners, Robert W. Baird & Co. and Private Advisors, LLC, supply capital to help ensure a financially sound future. The employees of RiverFront also invest personal capital and maintain a majority ownership of the company.
2007 Wachovia purchases A.G. Edwards and moves brokerage headquarters to St. Louis, MO. Our team declines invitation to move. At the time of the decision, the team provided advice to approximately $7.4 billion in the Compass Portfolios, the genesis of RiverFront Advantage and ETF Advantage portfolios.
2002 Under the leadership of Michael Jones, Wachovia Securities’ Advisory Services Group (ASG) was formed with several members of RiverFront’s current investment team. ASG was charged with providing asset allocation advice, investment strategy and research across all brokerage platforms.
2001 The merger of Wachovia Bank and First Union Bank (Formerly Wheat First) leads to the formation of Wachovia Securities, where our team finds themselves in key roles with what was becoming one of the largest securities firms in America.
1990s The principals of RiverFront first work together as a team, engaged in creating investment models for Wheat First advisors to use in building client portfolios.