RiverFront Investment Group Introduces Guided Portfolio Solutions (GPS)

Model ETF Portfolios Designed To Support "Rep as PM" Advisors

Mar 29, 2011, 09:39 ET from RiverFront Investment Group

RICHMOND, Va., March 29, 2011 /PRNewswire/ -- RiverFront Investment Group announced it will provide two model ETF portfolios designed to support financial advisors (FAs) who serve as portfolio managers to their client accounts (Rep as PM).   The models include both a Growth and a Growth & Income model.   Whenever possible, the RiverFront GPS models use combinations of ETFs offered by iShares & PowerShares.

The managed solutions industry continues to see a significant increase in assets managed by advisors in firm discretionary Rep as PM platforms.  The RiverFront GPS portfolios are designed to serve this growing industry segment.  "We are pleased to begin providing these models to leading financial advisors who serve as portfolio managers for their client accounts," said Michael Jones, Chairman and Chief Investment Officer at RiverFront.  "RiverFront's business model is based on serving the needs of leading FAs, and our GPS portfolios are a natural extension of that philosophy."

The GPS portfolios are constructed using RiverFront's proprietary dynamic strategic Price Matters(SM) asset allocation framework combined with RiverFront's tactical adjustments.  The results are two dynamic ETF model portfolios that are diversified between asset classes and industry sectors including US, international and emerging market stocks and bonds, along with commodities, currencies and other non-traditional asset classes.  "PowerShares and iShares give us a comprehensive set of ETFs that we believe will give us almost all the tools we need to construct these portfolios," said Tim Anderson, RiverFront's Chief Fixed Income Officer who, together with Doug Sandler, RiverFront's Chief Equity Officer will oversee the model construction.  "They have been great partners, and we look forward to expanding our relationship with them."

Financial Advisors can view the models at www.riverfrontgps.com.  Once registered on the site, FAs can download these integrated models along with research and strategy reports outlining the investment rationale and underlying current portfolio strategy.  Although designed to be comprehensive global portfolio solutions, FAs can use the models as a starting point and modify them to suit individual client needs or their personal investment outlook.  

About RiverFront

RiverFront Investment Group, LLC, is an independent SEC-registered investment advisor located in Richmond, Virginia, managing more than $2.5 billion 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. (Baird) and Private Advisors, LLC.  For more information about RiverFront please visit www.riverfrontig.com .

About iShares

iShares is the global product leader in exchange traded funds with over 460 funds globally across equities, fixed income and commodities, which trade on 19 exchanges worldwide. BlackRock Fund Advisors ("BFA") serves as the investment advisor to iShares. BFA is a subsidiary of BlackRock Institutional Trust Company, N.A., neither of which is affiliated with RiverFront Investment Group. iShares is a registered trademark of BlackRock Institutional Trust Company, N.A.

About PowerShares:

Invesco PowerShares is leading the Intelligent ETF Revolution through its family of more than 120 domestic and international exchange-traded funds (ETFs). PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities.  Invesco PowerShares is not affiliated with RiverFront Investment Group.  

SOURCE RiverFront Investment Group