RiverFront Investment Group Hires Seasoned Industry Professional as RiverShares President to Oversee ETF Business |
RICHMOND, Virginia., June 29, 2021 / PRNewswire / – RiverFront Investment Group, a global asset manager and exchange-traded funds (ETF) strategist headquartered in Richmond, Virginia, recently hired Bobby brooks as President of the RiverShares division to lead its RiverShares ETF offerings.
With the hiring of Brooks, RiverFront is focused on leveraging the ETF ecosystem to expose existing and new clients to RiverFront skills and provide new RiverFront capabilities for passive and active portfolio managers. RiverFront provides core managed ETF solutions for independent financial advisors and RIAs to use in building a suitable, risk-managed client solution.
“We believe Bobby is the right leader to drive our future growth in the ETF industry. His experience, knowledge and connections across the industry will make us better at everything we do,” said Pete quinn, President and CEO of RiverFront. “I have known and respected Bobby for many years and couldn’t be happier to welcome him to our team.”
With over twenty-five years of industry experience, Brooks helped State Street launch its ETF sales unit and led distribution at PowerShares, which tripled the company’s assets during his tenure. Most recently, he served as a senior manager at DWS. Brooks will be based at Boston, MA. “I have followed Riverfront Investment Group since the inception of the company in 2008,” said Brooks. “The passion everyone at RIG has for advisors and their clients is contagious. I am delighted to be a part of the next chapter in the firm’s history.”
ABOUT RIVERFRONT: RiverFront Investment Group is a global asset manager focused on process rather than prediction, a dynamic investment approach based on a systematic and repeatable methodology. The company offers flexible risk management solutions for a range of investment objectives and risk tolerances. RiverFront is affiliated with Robert W. Baird & Co. Incorporated (“Baird”), a member of FINRA / SIPC, by virtue of its minority interest in RiverFront. RiverFront is primarily owned by its employees through RiverFront Investment Holding Group, LLC, the holding company of RiverFront. Baird Financial Corporation (BFC) is a minority owner of RiverFront Investment Holding Group, LLC and therefore an indirect owner of RiverFront. BFC is the parent company of Robert W. Baird & Co. Incorporated, a registered broker / dealer and investment advisor. Learn more at riverfrontig.com.
The opinions expressed are current as of the date indicated and are subject to change. Past performance is no guarantee of future results and diversification does not guarantee profit or protect against loss. All investments involve some level of risk, including loss of capital.
This report does not provide recipients with sufficient information or advice on which to base an investment decision. This report does not take into account the specific investment objectives, financial situation or needs of any particular client and may not be suitable for all types of investors. Recipients should consider the content of this report as a single factor in making an investment decision. Fundamental and other additional analysis would be required to make an investment decision regarding any individual security identified in this report.
Exchange Traded Funds (ETFs) are sold by prospectus. Please carefully consider the investment objectives, risks, fees and expenses before investing. The prospectus and summary prospectus, which contain this and other information, can be obtained by calling your financial advisor. Read it carefully before investing. As the portfolio manager and trustee of our clients, RiverFront will carefully consider the investment objectives, risks, fees and expenses of a fund before investing the assets of its clients.
ETFs are subject to substantially the same risks as those associated with directly owning the underlying securities held by the ETF. In addition, the value of the investment will fluctuate in response to the performance of the index or underlying securities. ETFs generally charge and / or incur fees in addition to those charged by RiverFront. Therefore, investing in ETFs will result in spending overlay.
RiverFront Investment Group, LLC (“RiverFront”), is a registered investment adviser with the Securities and Exchange Commission. Registration as an investment advisor does not imply any level of skill or expertise. Any discussion of specific securities is provided for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any individual security mentioned. RiverFront is affiliated with Robert W. Baird & Co. Incorporated (“Baird”), a FINRA / SIPC member, from its minority stake in RiverFront. RiverFront is primarily owned by its employees through RiverFront Investment Holding Group, LLC, the holding company of RiverFront. Baird Financial Corporation (BFC) is a minority owner of RiverFront Investment Holding Group, LLC and therefore an indirect owner of RiverFront. BFC is the parent company of Robert W. Baird & Co. Incorporated, a registered broker / dealer and investment advisor.
To review other risks and more information about RiverFront, please visit the website at www.riverfrontig.com and Form ADV, Part 2A. Copyright © 2021 RiverFront Investment Group. All rights reserved. ID 1687336 RIV000895
RiverFront Investment Group: Dorian Langlais | Rally Point Media Strategist | [email protected] | Phone. 862-368-1011
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SOURCE RiverFront Investment Group, LLC