RiverFront Investment Group and ALPS Announce the Launch of the Conservative Income Builder Mutual Fund and a Fee Reduction on All the RiverFront Global Allocation Series Mutual Funds

RICHMOND, Va., Sept. 4, 2012 /PRNewswire/ -- RiverFront Investment Group and ALPS (a DST Company) announced the launch of the RiverFront Conservative Income Builder mutual fund (available in A, C and I share classes) as a new income option within the ALPS Portfolio Solutions suite of products. Designed to be the most conservative investment option among the five RiverFront Global Allocation Series portfolios, the Fund is expected to have between 30% and 50% of its assets invested in a diversified basket of dividend paying stocks, with the balance of the fund invested in various other income-paying securities. The launch of this fund enables investors access to the full range of RiverFront's five dynamic global strategies via mutual funds.  The Conservative Income Builder strategy (with a benchmark of 30% S&P 500 Index and 70% Barclays US Aggregate Bond Index) has been available as a separately managed account since May 1, 2009.

"ALPS is pleased to offer a new income option within the RiverFront family of funds. The fund strikes a healthy balance between dividend paying potential and diversity," said Tom Carter, President of ALPS Advisors.  More information is available at www.alpsriverfront.com.

Fee Reductions:

RiverFront and ALPS also announced a 0.15% fee reduction for three of the RiverFront Global Allocation Series mutual funds effective as of August 31, 2012. As part of a new expense limitation agreement between ALPS, RiverFront, the RiverFront Moderate Growth and Income Fund, RiverFront Global Allocation Fund and RiverFront Dynamic Equity Income Fund, investors will benefit from reduced expenses. The new agreement caps expenses at 0.90%, not inclusive of distribution or service fees, acquired fund fees, taxes, brokerage commissions, and ordinary expenses. Previously, expenses had been capped at 1.05%. The RiverFront Global Growth Fund remains capped at 0.90% per the terms of a previous expense limitation agreement.

"Our primary focus is to provide our financial advisors and their clients the best opportunity to achieve success with our funds and strategies," said Pete Quinn, President and Chief Operating Officer at RiverFront Investment Group. "We feel reducing our fund expenses across our suite of funds is one of the ways to achieve this."

About ALPS

A wholly owned subsidiary of DST Systems, Inc., headquartered in Denver with offices in Boston, New York, and Seattle, ALPS is a 27-year-old financial services firm focused on asset servicing and asset gathering. With more than 300 employees, nearly 200 clients, and an executive team that has been in place for over 17 years, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Distributors, Inc. and ALPS Advisors, Inc. As of June 30, 2012, the firm manages more than $6.6 billion in assets and provides servicing to more than $338 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com, and for additional information about ALPS products, visit www.alpsfunds.com.

About RiverFront Investment Group, LLC

RiverFront Investment Group, LLC is an independent registered investment advisor located in Richmond Virginia. 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. (Baird) and Private Advisors, LLC. For more information, please visit RiverFront's website at www.riverfrontig.com.

An investor should consider investment objectives, risks, charges, and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the Conservative Income Builder Fund or to obtain a Prospectus, call (866) 759-5679. Please read the Prospectus. An investment in the Fund involves risk, including loss of principal.

The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the "Sub- Adviser" or "RiverFront") as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront's judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or the equity markets generally from time to time or for extended periods of time. The performance of the Fund is related to the economic sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular economic sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain stocks selected for the Fund's portfolio may decline in value more than the overall stock markets. The RiverFront Global Allocation Series is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.

The Funds are distributed by ALPS Distributors, Inc.

Pete Quinn and Tom Carter are Registered Representatives of ALPS Distributors, Inc.

SOURCE RiverFront Investment Group, LLC