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.
2016 January - RiverFront nominated for 2015 ETF Strategist of the Year by ETF.com. RiverFront awards 2016 annual $25,000 sponsorship support to Habitat for Humanity in Richmond. RiverFront receives 2015 ETF Strategist of the Year award from ETF.com
2015 January - RiverFront one of five nominees for the ETF Strategist of the Year - 2014. February 23, RiverFront assets under advisement top $5 billion. March 19, RiverFront named 2014 ETF Strategist of the Year by ETF.com at their Awards Dinner in NYC. RiverFront awards annual $25,000 sponsorship support for Anna Julia Cooper Middle School in Richmond. November, RiverFront named one of the Best Places to Work in Virginia for the fourth year in a row.
2014 January - RiverFront offers Dynamic Fixed Income SMA. February - RiverFront named one of the 2014 "Best Places to Work in Virginia" by Virginia Business Magazine and Best Companies Group. RiverFront assets under advisement pass $4.5 billion May 2014. Richmond BizSense posts RiverFront at 17th in Charitable Giving in Greater Richmond Area which includes both corporate gifts and associates' matched giving. December edition of ETF.com names Michael Jones as one of ten 2014 All*Stars - "the most effective and innovative ETF strategists in the business."
2013 "Virginia Business" and Best Companies Group named RiverFront as one of the 2013 Best Places to Work in Virginia. RiverFront makes charitable donation of $25,000 to Children's Home Society of Virginia. RiverFront assets under sdvisement top $3.9 billion while growing professional staff to 35 associates. RiverFront Strategic Income Fund (RIGS) is launched on the NYSE on October 9. RiverFront assets under advisement hits $4 billion in October.
2012 RiverFront named Money Management Institutes’ Advisory Solutions Emerging Manager of the Year. RiverFront completes its full complement of offerings with all 5 strategies becoming available in Separate Accounts, Tactical ETF portfolios and mutual funds. RiverFront ends 2012 with over $3.3 billion in assets under advisement.
2011 RiverFront continues to create jobs in the Richmond community, adding investment and business development employees to ensure RiverFront properly manages and supports its growth. RiverFront relocates to new offices in downtown Richmond – closer to the James River. RiverFront ends 2011 with approximately $3 billion in assets under advisement.
2010 RiverFront's assets under advisement cross $2 billion. In addition to its successful separately managed account offerings, RiverFront begins to sub-advise a series of mutual funds. RiverFront is also asked to provide two global tactical ETF indices to Invesco PowerShares.
2009 RiverFront's assets under advisement cross $1 billion. A growing group of financial services firms add RiverFront to their managed money platforms. RiverFront successfully navigates client portfolios through the financial crisis and assets under advisement continues to grow. 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., Inc., and Private Advisors, LLC, supply RiverFront with equity capital to help ensure a financially sound future. The employees of RiverFront also invest personal capital and maintain a majority equity stake in the company. Our investment team along with our long-term portfolio track records forms the basis of our newly launched firm.
2007 Wachovia purchases A.G. Edwards and begins its move to St. Louis, Missouri. Our team declines the invitation to move to the banks of the Mississippi. At the time of the decision, our team provided advise over approximately $8 Billion in Compass Portfolios, the genesis of the current RiverFront models.
2002 The core of the current RiverFront Investment Team comes together at Wachovia Securities as the Advisory Services Group (ASG) under the leadership of Michael Jones. ASG was charged with providing asset allocation advice, investment strategy and research across all brokerage platforms, ultimately having asset allocation discretion over $75 billion in client assets.
2001 The merger of Wachovia Bank and First Union Bank 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 portfolios for Wheat First advisors to use in building client portfolios.