RICHMOND, Va., June 23 /PRNewswire/ -- Riverfront Investment Group, LLC, a Richmond Virginia based registered investment advisor, has been selected as a "Highly Recommended" manager for the Raymond James Consulting Services program. Raymond James (RJF), headquartered in St. Petersburg, Florida, is one of the largest independent brokerage firms in the nation with over 4,750 financial advisors in 2,200 offices across the country. This new business alliance is another step toward Riverfront's vision of building very close partnerships with a select group of premier financial institutions. To qualify for the Raymond James Consulting Services program, Riverfront had to pass a rigorous due diligence process that examined the quality of the Riverfront team, thoroughness of the investment process and strength of the investment performance. Raymond James also conducted on-sight due diligence to ensure that the operational and risk management infrastructure at Riverfront could accommodate the volume of business that may result from this partnership. "Raymond James is pleased to be able to tap into the proven talent pool at Riverfront Investment Group. This team and their products will assist our Financial Consultants in meeting their clients' goals and building their businesses," said George Raffa, National Sales Manager -- Asset Management Division, Raymond James. "We are extremely proud and honored to be selected to provide money management services for Raymond James," said Michael Jones, Chief Investment Officer of Riverfront Investment Group. "Raymond James is well known for their commitment to their clients and their innovative pursuit of the best investment solutions in the marketplace. Our two firms share a cultural commitment to planning based investment solutions built around solid asset allocation strategies. We are very excited about our partnership with Raymond James and are confident that our two firms will achieve great things together." About Riverfront Riverfront Investment Group, LLC is an independent SEC-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. About Raymond James With distinct but complementary businesses all focused on client-centered growth, Raymond James offers a comprehensive range of financial services. Established in 1962 and a public company since 1983, Raymond James Financial is listed on the New York Stock Exchange (RJF) and its shares are currently owned by more than 14,000 individual and institutional investors. DATASOURCE: Riverfront Investment Group, LLC CONTACT: Rebecca Felton of Riverfront Investment Group, LLC, +1-804-549-4800, ; or George Raffa of Raymond James, +1-727-567-4992 Web site: http://www.riverfrontig.com/

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