RICHMOND, Va., Feb. 6, 2013 /PRNewswire/ -- RiverFront Investment Group, LLC has hired Bart Farinholt as Director of Independent Registered Investment Advisor (RIA) sales.
Farinholt brings to the firm more than 20 years of experience in the financial services industry focusing on institutional equity sales and investment banking.
"We are very excited to have Bart join our team," said Pete Quinn, RiverFront's president and chief operating officer. "He has a long history of success in the financial services business. Bart's sole focus will be on how our firm can become a strategic partner to successful independent RIAs seeking to enhance their investment strategy and managed solution capabilities."
A leading exchange traded fund (ETF) strategist with more than $3.4 billion in assets under management as of December 31, 2012, RiverFront provides core managed ETF solutions for financial advisors and independent RIAs to use in constructing suitable, risk-managed client solutions. The continued growth of the independent RIA channel, which Farinholt will help to manage, makes it a compelling market for RiverFront. Focused solely on serving financial intermediaries and their clients, RiverFront seeks no direct high net worth or institutional business.
Prior to joining RiverFront, Farinholt was on the Board of Directors and managed the Institutional Equity Sales & Trading efforts for Davenport & Company. Before Davenport, he spent nine years at BB&T Capital Markets as a producing sales manager of the Institutional Equity Sales Group helping to grow the business sixfold. In addition, Farinholt also served on the engagement and commitment committees of BB&T Capital Markets.
"I couldn't be happier to become part of RiverFront," Farinholt added. "Our unique combination of thought leadership and dynamic asset allocation solutions, primarily using ETFs, sets us apart in this space. When you couple that with the explosive growth in the independent RIA space, we have the opportunity to add significant value to clients' financial lives."
RiverFront offers five distinct risk-managed global tactical asset allocation strategies implemented primarily using ETFs. These strategies are available through almost every national and regional brokerage firm, as well as the major RIA custodians. The strategies are also available on most industry Unified Managed Account (UMA) platforms.
Pete Quinn and Bart Farinholt are Registered Representatives of ALPS Distributors, Inc.
About RiverFront Investment Group
RiverFront Investment Group, LLC, is an independent SEC-registered investment advisor headquartered in Richmond, Va., managing more than $3.4 billion as of December 31, 2012 in a series of global tactical asset allocation separate account and mutual fund portfolios. Majority owned by its employees, the firm provides asset management, investment advice, and leading-edge market insights. RiverFront's minority investors include Robert W. Baird & Co. Inc. and Private Advisors, LLC. The firm was named as one of the 2013 Best Places to Work in Virginia by Virginia Business and Best Companies Group. For more information about RiverFront, please visit www.riverfrontig.com.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus for the RiverFront Global Allocation Series containing this and other important information, please call (866) 759-5679 or visit www.alpsriverfront.com to view or download a prospectus. To obtain a prospectus for RiverFront ETFs, please call (800) 983-0903. Read the prospectus carefully before investing.
An investment in the Fund involves risk, including loss of principal.
Not FDIC Insured - No Bank Guarantee - May Lose Value
The RiverFront Global Allocation Series of Mutual Funds are distributed by ALPS Distributors, Inc.. ALPS is not the distributor of the RiverFront ETFs referenced above. ALPS is not affiliated with RiverFront Investment Group, LLC, Davenport & Company, or BB&T Capital Markets.
RIV000239 exp. 1/31/2014
SOURCE RiverFront Investment Group, LLC