Riverfront Investment Group, LLC is a large advisory firm based in Richmond. It manages $3.28 billion of regulatory assets for 5,597 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.
Riverfront Investment Group provides portfolio management for individuals and small businesses, portfolio management for investment companies, and provide investment models to uma and model delivery platforms. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Riverfront Investment Group, LLC is $3.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4553% since the beginning of its operation, and $9.21 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Riverfront Investment Group, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Riverfront Investment Group is individuals with 4,512 clients and $1.59 billion of assets under management. Among the 11 most similar advisory firms, Riverfront Investment Group has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $2.74 billion for 4,651 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Riverfront Investment Group doesn't advise any private funds.
The company employs 50 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. 36 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Paul Michael Jones has served as the Chief Investment Officer since 1 Mar 2008. Roderick Arthur Smyth joined the executive team most recently as the Chairman Of The Board Of Directors/Director Of Investments.
The principal office where Riverfront Investment Group, LLC performs its advisory services is located at 1214 East Cary Street, Richmond, VA 23219, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804-549-4800 or by fax 804-549-4819. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at riverfrontig.com.