RiverFront Investment Group, LLC Named Money Management Institute's Advisory Solutions Emerging Manager of the Year

RICHMOND, Va., May 7, 2012 /PRNewswire/ -- At its annual Gateway to Leadership Awards Dinner in Chicago on April 25, the Money Management Institute (MMI), the national association for the managed investment solutions and wealth management industry, named RiverFront Investment Group as this year's Advisory Solutions Emerging Manager Exhibiting Greatest Growth - The emerging investment manager that demonstrated strong growth in assets and made a meaningful contribution to the managed solutions industry. Michael Jones, CFA, Chairman and Chief Investment Officer of RiverFront, was present to receive the award.

This is the fourth year for the awards, which were created to honor excellence in the Advisory Solutions industry by recognizing firms and individuals that have demonstrated outstanding innovation, commitment to client service, and growth. Winners are nominated and voted on by MMI's members, which comprise the leading firms in the advisory solutions industry.

"Since its founding in 2008, RiverFront has traversed the head winds of turbulent markets, forming strong partnerships with financial advisors who have entrusted client assets to its global, dynamic separate account, and mutual fund solutions," commented Christopher L. Davis, President of MMI. "We congratulate RiverFront on this well-deserved award and look forward to their continued innovation in delivering advisory solutions to help meet today's marketplace challenges."

Michael Jones accepted the award stating, "We are honored in being selected for this award and thank the MMI for this prestigious recognition. The success we have had would not have been possible without the tremendous support we have been given by our sponsor firms and the committed financial advisors who have partnered with us, using RiverFront strategies as long-term, core holdings across much of their client base."

About RiverFront

RiverFront Investment Group, LLC, is an independent SEC-registered investment advisor located in Richmond, VA, managing approximately $3.25 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 the Money Management Institute (MMI)

Since 1997 MMI has been the leading voice for the global financial services organizations that provide advice and professionally-managed solutions to individual and institutional investors. Through industry advocacy, educational initiatives, regulatory affairs, data reporting and professional networking, MMI supports and advances the growth of advisory solutions. MMI members' advice-driven investment solutions serve an evolving worldwide financial landscape and their organizations are committed to the highest standards of fiduciary responsibility and ethical conduct. For more information, visit www.moneyinstitute.com.

SOURCE RiverFront Investment Group, LLC