A Global Technical Manager Dynamic ~ Disciplined ~ Transparent

  • Riverfront Investment Management, based out of Richmond, Virginia, is a global asset manager utilizing a dynamic, tactical investment approach with uncommon transparency. Riverfront was established in 2009 and many of their money managers have been working as a team since the mid 1990s.

  • As you will see, I am a big believer in the Riverfront Investment philosophy, process and strategies. In fact, a large majority of my clients will have a portion of their money with one of several of Riverfront’s asset allocation models, either thru a Separate Manager Account (SMA) or if the portfolio is less than $100,000, thru a Strategic Asset Management (SAM) account utilizing one of their models.

I use one of 3 different Riverfront SMA or 3 one of 3 different Rivershare portfolios as a “core” holding in my client’s accounts (depending on size). The portfolio chosen will be primarily dependent on my client’s time frame and need for income or growth (or both). These portfolios are “tactical” (vs. buy and hold) where the base allocations are set at the beginning of the year, followed by momentum-based tactical adjustments. An example of this would be the Moderate Growth & Income Portfolio: The benchmark allocation would be 50% Equities / 50% Fixed Income. At any given time, Riverfront can adjust the allocation to equities all the way down to 30% or as high as 70% of the holdings in the portfolio, depending on the valuations and market momentum at that moment in time.

  • At LPL, we call the SMA – “Manager Select”
  • The Manager Select platform allows me to offer my clients the ownership of individual securities through separately managed accounts (SMAs). SMAs are great for my clients who want more specialization, security-level customization, or access to unique strategies.
  • With the low platform and manager fees available on the platforms, I can offer my clients investment options that in many cases have costs similar to those of mutual funds or exchange-traded funds (ETFs), when you unwrap all the related commissions and fees, but provide additional benefits.

Getting the “core” holding right and adjusting to market conditions is not easy, and in my professional opinion, it takes a seasoned team of professionals to do a proper job over time. Once we get the “core” set, I will recommend other satellite managers to complement this portfolio (see Marshfield Associates as an example of a Satellite manager).

Riverfront Investment Team

RiverFront's Investment Team is comprised of many who have worked together since the 1990's, and new talent who add fresh ideas and cutting edge tools that enhance our ever-evolving processes. The open architecture of our office reflects the significance we place on collaboration.

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Rod Smyth

DIRECTOR OF INVESTMENTS

Chris Konstantinos, CFA

CHIEF INVESTMENT STRATEGIEST/ CO-HEAD OF INVESTMENT COMMITEE

Rob Glownia, CFA CFP

SENIOR PORTFOLIO MANAGER / CO-HEAD OF INVESTMENT COMMITEE

Rebecca Felton

SENIOR MARKET STRATEGIST

Adam Grossman, CFA

GLOBAL EQUITY CIO

Kevin Nicholson, CFA

GLOBAL FIXED INCOME CO-CIO

Doug Sandler, CFA

HEAD OF GLOBAL STRATEGY

TIM ANDERSON, CFA

GLOBAL FIXED INCOME CO-CIO

Scott Hays, CFA

SENIOR PORTFOLIO MANAGER

Bill Ryder, CFA, CMT

DIRECTOR OF QUANTITATIVE MARKET STRATEGY

Dan Zolet

QUANTITATIVE ANALYST

Diego Mari-Vertiz

QUANTITATIVE ANALYST

Kaetlin Collins

TRADER & PORTFOLIO ANALYST

Taylor Jarrett

TRADER & PORTFOLIO ANALYST

The Process
Asset Allocation Investment Process

Our proprietary Price Matters and Mean Reversion Optimization disciplines drive our asset allocation process. We believe it allows our portfolio managers to look well beyond short-term market volatility and into a horizon of long-term investment. Our tactical team focuses on making relative momentum decisions based on an asset classes' historical interaction of trend, Relative Strength Index and sentiment. And the risk team is constantly monitoring--seeking to ensure that our strategies and individual security selections are reflecting the portfolio managers' intent. If they are not, it is the risk team's responsibility to investigate, then develop and execute a plan to adjust.

DYNAMIC STRATEGIC ASSET ALLOCATION

Comprehensive asset allocation portfolios are constructed based on investor risk tolerance and time frames. Price Matters framework grounded in value.

PORTFOLIO CONSTRUCTION

Individual stocks, bonds, and ETFs are combined to create integrated asset allocation portfolios.

TACTICAL ADJUSTMENTS

Adjustments based on momentum discipline of measuring trends, Relative Strength Index and sentiment.

RISK MANAGEMENT

Risk management team conducts ongoing assessment of market and portfolio holding risks.

The Portfolios

Strategies seeking higher returns generally have a greater allocation to equities. These startegies also carry higher risks and are subject to a greater degree of market volatility. See next page for important disclosure information. Please see riverfrontig.com for information on each portfolio's composite benchmark.

Key Attributes

RiverFront, located in historic downtown Richmond, VA, had approximately $6.95 billion in client assets under advisement as of June 30, 2020. The firm consists of over 50 associates and is majority-owned by its employees. RiverFront’s portfolios are managed by a team of over 15 investment professionals, many of whom have worked together since the 1990s. Our teams collaborate daily with a common goal—to serve as trusted partners to the Financial Advisors who have chosen to work with us, and as financial stewards for the individuals who have entrusted us with their investments.

RiverFront is guided by a philosophy that embraces the dynamic nature of the complex global markets which it navigates daily. This means they are in a constate state of action. They call this the “Art and Science of Dynamic Investing”. Simply put, it is what happens when their numbers, models and date converge with their skill, experience and logic. They are known as the Asset Manager with Glass Walls® because of their commitment to providing Financial Advisors with transparency and constant communication about their current thinking and approach.

RiverFront’s proprietary Price Matters® and Mean Reversion Optimization discipline drives their investment process. They believe it allows their portfolio managers to look well beyond short-term market volatility and into a horizon of long-term investment. Their tactical team focuses on making relative momentum decisions based on an asset classes’ historical interaction of trend, Relative Strength Index and sentiment. And the risk team is constantly monitoring – seeking to ensure that their strategies and individual security selections are reflecting the portfolio managers’ intent. If they are not, it is the risk team’s responsibility to investigate, then develop and execute a plan to adjust.

In one word, it’s Trust and Process. This isn’t blind trust. I believe In Ronald Regan’s quote, “trust, but verify”. I have visited RiverFront’s office in Richmond, VA and I meet with them personally about twice a year. We speak monthly, if not more frequently. I watch their trades, their allocations, and communications. In my long career in this industry, I have never met such an extraordinary group of men and women working together as a team. Riverfront works hard at their culture and it shows. Not sticking to a discliplined process is one of the most difficult things to do when investing money – for individuals and advisors alike. Working with Riverfront simply eliminates that risk.

For more information about Marshfield go to: http://www.marshfieldinc.com

Marshfield Concentrated Core SMA Equity Brochure: will compliance allow me to have a link to the most recent Marshfield Equity Brochure?

Riverfront Difference

  • Large – Experienced Team of CFAs and other professionals
  • Dynamic Asset Allocation Portfolios
  • Risk Management Process
  • Transparency
  • Tenured Leadership & Transparent Succession Plan

For more information about Riverfront Investment Management: www.riverfrontig.com

For an investment proposal and current positioning: www.ihart.investments/riverfrontproposal.com

Riverfront Investment Group and iHart Retirement Income Strategies are not affiliated with LPL Financial .

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