Bobby Brooks, President of RiverShares, RiverFront Investment Group, joined Keith Black, Managing Director of RIA Channel to discuss the firm’s suite of Portfolio Models and how ETF technology has revolutionized the client-advisor relationship.
RiverFront offers asset allocation solutions allowing advisors to use both RiverShares and external ETFs to meet their client needs. Rather than spending over 60% of their time selecting ETFs and building asset allocation models, outsourcing those decisions to RiverFront allows advisors to spend more time gathering and serving clients. When partnering with RiverFront, advisors have access to trade rationales and market commentary. RiverFront has developed an open architecture, no investment management fee model, which allocates approximately 45% to RiverShares ETFs and the balance to ETFs from other managers.