1214 E Cary St
Richmond, VA 23219
RiverFront Investment Group
- (804) 549-4800
- (866) 583-0744
1214 E Cary St
Richmond, VA 23219
Unemployment is very low. The S&P 500 has had a positive trend this year, so far. We have...
Pete serves as President and Chief Executive Officer of RiverFront, bringing more than 40 years of industry experience to his role leading the organization. A founding partner of the firm, Pete spent the majority of his career at Wachovia Securities and its predecessor firms, lastly serving as President of the Private Client Group, where he ran the retail branch network.
Rod is one of RiverFront’s four founding partners; Rod has been an important contributor to our investment decision making process since our strategies were incepted and serves as the Chairman of our Board. Rod has over 40 years of investment experience both as a portfolio manager and investment strategist.
Chris serves as Chief Investment Strategist and Director of Investments, with over 20 years of experience as an equity sector analyst, portfolio manager, and portfolio risk manager across domestic and international markets. Chris is also a regular guest on the financial news channels (CNBC, Bloomberg, Yahoo Finance) and is frequently quoted in the financial press.
Doug serves as the Head of Global Strategy and oversees the firm’s sales and marketing teams, bringing more than 30 years of investment experience to the firm. In addition, he serves on the firm’s Board of Directors and the firm’s Investment Committee and Executive Committee. Prior to his current role Doug was RiverFront’s Chief US Equity Officer and served as a Managing Director and Chief Equity Strategist for Wachovia Securities
Kevin serves as the Global Fixed Income CIO and Co-Head of the Investment Committee. Kevin’s career has spanned over 30 years serving in various capacities in trading, portfolio management and risk management. He is a regular guest on financial news channels (CNBC, Bloomberg, Yahoo Finance) and is frequently quoted in the financial press.
Adam serves as the Global Equity CIO, responsible for the investments of the US Equity and International Equity teams. He brings nearly 20 years’ worth of industry experience in quantitative risk management and portfolio analytics. Prior to joining RiverFront, Adam worked at the Virginia Retirement System (VRS), where he managed International Equity and REIT Portfolios and developed research on equity selection and portfolio construction.
Rebecca serves as Senior Market Strategist providing external communications of our investment strategy and brings nearly 40 years of industry experience to this role. In this capacity she regularly collaborates with the Investment Team and our Global Strategy Group to develop and deliver our investment message. She is a regular guest on financial news channels (CNBC, Bloomberg, and Yahoo Finance) and is frequently quoted in the financial press. Rebecca has been with RiverFront since the company’s founding in 2008 and most recently served as the firm’s Chief Risk Officer.
By Adam Grossman, CFA
SUMMARY
Fed reinforces its current narrative of higher rates for longer.
...
By Kevin Nicholson, CFA and Tim Anderson, CFA
SUMMARY
By Doug Sandler, CFA
SUMMARY
When it comes to earnings, we believe Estimates Matter, Surprises Matter, and Trends Matter. 2nd...
Companies and Investors are very focused on Artificial Intelligence. We think it is a...
We do not foresee an imminent Chinese invasion on Taiwan. We remain cautious on China investment...
By Doug Sandler, CFA
SUMMARY
Money Markets have seen record inflows. However, short-term investments carry reinvestment risks,...
By Dan Zolet, CFA
SUMMARY
US Dollar Will Remain the World’s Reserve Currency
By KEVIN NICHOLSON, CFA
SUMMARY
We are excited to release ourJuly 2023Chart Pack– our visual quarterly designed to walk investors...
By ADAM GROSSMAN, CFA
SUMMARY
SUMMARY
By CHRIS KONSTANTINOS CFA
Director of Investments | Chief Investment Strategist
SUMMARY
by DOUG SANDLER, CFA
By Kevin Nicholson CFA
Global Fixed Income CIO | Co-Head of Investment Committee
SUMMARY
By Chris Konstantinos CFA
Director of Investments | Chief Investment Strategist
SUMMARY
By CHRIS KONSTANTINOS CFA
Director of Investments | Chief Investment Strategist
SUMMARY
As we write this, the stock/bond mix of RiverFront’s Advantage portfolios are roughly in-line...
In today’sWeekly View, we created a concise synopsis of three visuals from our April 2023 Chart...
by Kevin Nicholson, CFA
Riverfront believes the Fed will be resolute in confronting inflation and thus believe the market...
Policymakers swift action should stem contagion risk from reaching large US banks, in the view of...
Riverfront’s long-term forecasts for stocks – and particularly bonds – have improved...
By Chris Konstantinos, CFA, Director of Investments, Chief Investment Strategist
SUMMARY
In our view, higher interest rates will help investors in the sustain phase by providing more...
Cash feels safe during a crisis, but there is a cost… Investors should not underestimate the...
By Kevin Nicholson, CFA, Global Fixed Income CIO, Co-Head of Investment Committee
SUMMARY
A new calendar year has dawned…but the same controversies and questions that plagued the bond...
By ADAM GROSSMAN, CFA
THE RIVERFRONT WRITING TEAM
REBECCA FELTON
Senior Market Strategist
ADAM...
Transitions we are anticipating for 2023:
Higher inflation, low real interest rates and rising life expectancy are three major challenges...
by DOUG
SANDLER, CFA
THE RIVERFRONT WRITING TEAM
REBECCA FELTON
Senior Market Strategist
ADAM...
By Chris Konstantinos, CFA, Director of Investments | Chief Investment Strategist
SUMMARY
Makets will be clouded by uncertainty for the remainder of 2022, and RiverFront believes wages...
Meet a Strategist is a feature where Evan Harp talks to different strategists about how their...
By Kevin Nicholson, CFA, Global Fixed Income CIO | Co-head of Investment Committee
SUMMARY
Studies show that investors feel losses twice as acutely as gains, bear markets carry higher...
By Doug Sandler, CFA, Head of Global Strategy
SUMMARY
By Rebecca Felton, Senior Market Strategist
SUMMARY
While it may seem like a faint memory, Q3 2022 began on a somewhat optimistic note. Inflation –...
By Adam Grossman, CFA Global Equity CIO, Co-Head of Investment Committee and Dan Zolet, CFA,...
After a powerful summer rally in July and early August that brought the S&P 500 briefly into...
By Doug Sandler, CFA, Head of Global Strategy
SUMMARY
By Adam Grossman
THE RIVERFRONT WRITING TEAM
REBECCA FELTON
Senior Market Strategist
ADAM...
SUMMARY
According to one widely followed metric, the US economy is now in recession; at least based on...
Inflation concerns are driving markets and we are watching five data points for signs of...
Last week, the euro and dollar reached a virtual parity to the U.S. dollar as global investors...
Since the start of the year, yields have more than doubled across most of the yield curve.
By Rebecca Felton, Senior Market Strategist
SUMMARY
Equity markets have entered a bear market over the last three months as the Federal Reserve (Fed)...
We believe the declines in stock and bond prices this year are dramatic but not illogical… and...
By Doug Sandler, CFA, Head of Global Strategy
As inflation rages and interest rates move higher, equity markets have felt more pain than the...
By Chris Konstantinos, CFA, Director of Investments, Chief Investment Strategist
We believe that price depreciation will no longer dominate income generation at current yields.We...
As we turn the calendar to May, chances are the adage “Sell in May and Go Away” will make its way...
There were three major geopolitical events in the first quarter:
It is hard to believe, but the end of the first quarter is nearly here, and a lot has changed in...
Some may worry that higher oil prices are signaling a recession, but we do not believe the US...
The situation on the ground in Ukraine has taken numerous turns – some shocking, some...
We believe the Fed is becoming less accommodative as it embarks on normalizing interest rates.
We expect equities to be rangebound with near-term pressure to the downside. We continue to...
Recent volatility around earnings headlines obscures underlying earnings power, in our view.
We anticipated greater volatility in 2022 and are now seeing it.
We believe the median forecast for interest rates for the Federal Open Market Committee in 2024...
The economy is experiencing a strong recovery with unusually high wage and inflation growth, in...
The release of the Federal Reserve’s December meeting minutes created a stir across financial...
In our Base Case, we believe US stocks generate positive returns in ‘22 but with more volatility....
We believe the Fed is still on investors’ side; monetary policy historically takes a year to 18...
Every year around this time, the RiverFront Investment Team looks to communicate our thoughts for...
Every year around this time, the RiverFront Investment Team looks to communicate our thoughts for...
That 1968 Chevrolet Chevelle convertible in the picture used to be mine. I say ‘used...
Third quarter earnings season has reinforced our belief in the strength of corporate America’s...
As society grows more comfortable incorporating Environmental, Social, and Governance (ESG) in...
When playing cards, you have the excitement of opening your hand to see what kind of cards you...
One of the great joys of being a part of a firm like RiverFront is access to some of the most...
Millennials\/Gen Z: The sooner you think about retirement, the easier it is to save enough.
Last weekend, Novak Djokovic attempted to capture the calendar grand slam in tennis by winning...
The cover of our 2021 Outlook featured a light at the end of a tunnel. Acknowledging that while...
The market thus far, this year, has been much stronger than the typical ‘sell in May and go away’...
Multiple events underscore the need for active portfolio management strategies that are flexible...
We believe Jackson Hole may serve as the two-minute warning for the Fed to announce the tapering...
A year ago on August 21st, the S&P 500 surpassed its pre-COVID-19 high of 3397. Many thought...
In a news conference in April of 2020, Federal Reserve Chairman Jerome Powell addressed the...
We believe the recent Chinese ‘offshore’ stock sell-off is unlikely to be the catalyst for the...
We believe there will come a time when the tailwinds we have enjoyed for over a decade will turn...
Temperatures are rising as we get deeper into the summer and the bond market has investors...
We believe low interest rates support stock and real estate valuations…but create a...
Equity markets had a strong quarter led by the US with no clear style dominating.
Low interest rates and rising life expectancy are two major challenges for Financial Advisors and...
Despite high current valuations we believe neither the Nasdaq nor the Dow is in a bubble; both...
The second quarter is coming to an end as the global economy is set to reopen. Therefore, we...
Is Europe finally starting to turn around? This is a question we have been fielding a lot from...
Undoubtedly, we believe better economic times are coming as a result of pent-up demand and high...
As the economy reopens the economic tailwinds are picking up. After nearly 16 months of an...
China may eventually have the world’s largest economy, but that alone will not make it the...
Stock valuations are driven by future expectations. That mindset proved beneficial to equity...
President Joe Biden has laid out an ambitious tax and spending plan incorporating most of the...
At RiverFront we recognize that, while international markets are priced to deliver better...
If you travelled on Spring Break you probably felt it…That feeling that economic activity seems...
Since the beginning of the year, the yield on the ten-year Treasury has risen by approximately 80...
A little over twelve months ago, investors were looking for signs that the bull market and...
Our Weekly View is typically a timely look at recent market-moving news, what RiverFront thinks...
The small stuff includes maximizing time in the markets, regular rebalancing, minimizing...
Markets took a dizzying wobble this past week as lots of micro news assaulted a market which had...
Since November, we’ve participated in many calls with financial advisors and their clients to...
The ten years leading up to retirement, what we call the ‘Sustain Phase’, can be...
In the 1970s the most dreaded word in economics was inflation. Fast forward to the present and...
RiverFront places a high probability of positive market returns in 2021.
RiverFront Investment Group has published the2021 Outlook, for financial advisors to use with...
Since June, journalists have written countless articles touting that ‘it’s time’ for traditional...
Numerous studies have been conducted to suggest that when it comes to choice, sometimes less is...
Thanksgiving is a time to pause and reflect on many things we often take for granted: health,...
In a world where most people do not enjoy the benefit of a guaranteed pension, retirement becomes...
The 2020 election results are not yet finalized, but we believe a number of conclusions can be...
As we near the end of each year, we believe it is important to reflect on the signals from our...
Often, when we think about the word outcome, it can evoke a sense of an end or finale of sorts....
Investor concerns go above and beyond the upcoming election. For much of the last 6 months, there...
We think the election race is closer than polls suggest and believe the market impact might not...
US Large-Cap stocks are roughly 30% above trend, but not at extremes.History shows a wide range...
A good quarter for stocks: The third quarter provided investors positive absolute returns across...
The 2020 US election is a long way from decided, but there are things investors can do now to be...
The past six months has been a trying time as the pandemic has impacted so many facets of our...
Psychologists often talk about five stages of grief. Similarly, we have witnessed five distinct...
Gold’s value is not an enigma in our view, once its history is understood: Gold coins were first...
Recently the RiverFront Investment Team conducted our quarter-end review call and presented a ‘...
Last week, our longer-horizon, more risk-tolerant portfolios increased their weighting to...
We have been surprised at the magnitude of the stock market recovery since the March 23rd low.
A study by Amos Tversky and Daniel Kahneman in 1992, showed that for most people, the distress of...
One of the most confusing but useful lessons that investors learn over time is that Main Street...
Last week, the Fed committed to leaving the federal funds rate at or near zero for the...
Some investors are understandably baffled by the 40% rally in the S&P 500 since the market...
You might be surprised to know the opening statement is not recent. It was taken from our Weekly...
We wrote in last week’s Weekly View that ‘words matter now more than ever.’ This week we show...
2020 began with the signing of the Phase One trade deal between the US and China.
The millennials are a giant generation, roughly as large or larger than the baby boomer...
An annual tradition in RiverFront’s yearly Outlook is to publish wide-ranging and candid...
2019 is ending in a few weeks and the economic and stock market expansion that started in the...
As we begin December, it seems appropriate to reflect on the passing of another year. In a few...
ByRiverFront Investment Management
Season Strength Argument: Interesting But Not Always...
The Trump administration has made tackling trade disparity one of its highest priorities. The...
As US economy continues its expansion of over 10 years, it is natural for investors to start...
There is rarely a dull moment in the 24\/7 news cycle and the past few weeks have been without...
The NFL season is now underway, and after the first month of games, some teams have thrown in the...
ByRiverFront Investment Management
We believe a nuanced approach to “growth” investing is...
The world got a little scarier last week. This is why we’ve been ‘drinking water.’We...
ByRiverFront Investment Management
Growth has slowed around the world and long-term interest...
Most companies in the S&P 500 have reported earnings for the second quarter.
Forward-looking business sentiment indicators, such as the manufacturing Purchasing Managers’...
In our 2019 Outlook, our base case scenario pointed to a positive outcome for stock markets in...
Q1 earnings reporting season kicks off this week. Analysts are expecting a 4.2% year-over-year...
With a dizzying number of Parliamentary votes last week and less than two weeks remaining until...
We have adhered to three tactical rules— Don’t Fight the Fed, Don’t Fight the Trend, and Beware...
We have been fielding a lot of questions from investors recently on the US dollar (USD). It can...
The Federal Reserve recently surprised the market with a very accommodative message. In summary,...
In our 2019 Outlook , our base case scenario pointed to a positive outcome for stock markets for...
The chart below may help to explain the dichotomy we find ourselves in. The decline in the price...
A great deal of anxiety rests on the future trajectory of the Chinese economy as it has been...
It was just a week ago that things were looking better. After all, many experts (including us)...
Over the past week, the world’s three most powerful people delivered an early Christmas gift to...
Sometimes, despite the most favorable predictions, an unexpected storm can quickly appear with...
In our Balanced Portfolios, RiverFront went into the October correction with a small bias in...
Since the Great Financial Crisis, high yield bonds have been one of the best performing asset...
We think it is likely that the US economic growth rate is peaking, but we also think it is highly...
Halloween is upon us…a season for ghosts, goblins, and the terrors of volatile equity markets....
With the S&P 500 down over 5% month-to-date, investors are once again worried about the end...
Sometimes I feel like I have the worst luck.I was reminded of this fact the other day when I...
On any given day since 1987, the S&P 500 has risen 69% of the time over the subsequent three...
Most U.S. citizens could be forgiven for not bothering to pay close attention to foreign currency...
Nine years into the U.S. economic rebound, we have reached a milestone: In 50 years, consumer...
By Doug Sandler, Chris Konstantinos & Rod Smyth,RiverFront Investment Group
Last week we...
We believe that the Administration’s recent focus on trade is appropriate and its desire to...
Ireland is a tiny nation but it sits at the crossroads of a lot of what is happening in both...
In the last few months we have cut back the equity weightings in our balanced accounts to neutral...
In recent weeks President Trump rejected China’s package of trade concessions as inadequate. The...
Trade negotiation tensions and the economic impact of trade uncertainty on financial markets have...
While the country worries about fake news, I worry about all news… fake and real. In my...
Doug Sandler, Riverfront Investment Group global strategist, discusses the outlook for U.S....
Categorizing the start of this month as a ‘tumultuous’ one for European politics is like saying...
Valuation is a blunt instrument which we think is most helpful as a measure of optimism or...
Sometimes portfolio managers need to step away from the economic data and visit the place....
As expected, we have seen a move higher for interest rates in 2018. Specifically, the 2-year US...
Since February, concerns over inflation in the U.S., protectionist trade policy, softening...
Relative performance during periods of volatility can send important messages about market...
Even Gradually Rising Rates are Tough for Bond Markets. At RiverFront, we have a consistent...
In RiverFront’s 2018 Outlook, we contended that President Trump’s approach to trade disputes was...
One encouraging sign for EM equities, in our opinion, has been the message of the market itself....
Two issues, trade policy and central bank policy, have caused most of the recent volatility in...
For the last two weeks the possibility of steel and aluminum tariffs has created volatility and...
Our 2018 Outlook predicted a tough year for bond investors, as the Federal Reserve (the Fed)...
When you look past all the volatility-induced “noise,” we believe the fundamental driver of the...
It’s one thing to write about the potential for uncertainty to return to the market…but it’...
With the upcoming Italian parliamentary elections set for March 4, Italy’s fragile political...
Strong US equity returns over the past nine years have led to a degree of skepticism among some...
Our 2018 Market Outlook assumes a tug of war between reduced monetary stimulus and faster global...
As we look into 2018, we believe one of the biggest risks to the market is the pace at which the...
The growth of the ETF industry has been a boon to investors, providing access to new asset...
Any way you look at it, the jobs market has improved significantly in the last eight years. In...
Dividend investing strategies have become popular in the US, attracting both equity investors...
In our opinion, concentrated positions present one of the biggest obstacles standing in the way...
Japanese Prime Minister Shinzo Abe’s gamble paid off; his Liberal Demographic Party (LDP) has...
The investment decisions ofa global asset allocator, like RiverFront, are rarely zero-sum.On most...
Non-US stock markets have now outperformed the US for four consecutive quarters.
Our recent weeklies have focused on addressing what we believe are the concerns of our readers...
Last week the Federal Reserve announced that in October it will begin a long, slow, and cautious...
North Korea fires another missile over Japan and the Japanese and South Korean stock markets make...
August and September are historically the worst two months of the year for the US equities. We...
The tragedy of Hurricane Harvey has understandably dominated the US news cycle this past week....
Since 2010, the S&P 500 has been driven in large part by a small number of companies in just...
Millennials and Gen Xers fascinate me. Not just because they are the future, but also because...
Each of the past few years has served up a geopolitical ‘crisis du jour’. Today, the investment...
Most of us enjoy being pleasantly surprised, so one of the things we think investors should...
Global economic growth data has continued to strengthen this summer, while inflation in almost...
The G20 meeting in Hamburg this past weekend turned out to be something of a G19 +1. It is...
Non-US stock markets have now outperformed the US for three consecutive quarters. The following...
Since the 2008 financial crisis, the global economy has struggled with sluggish growth and...
Today we reiterate last week’s theme of an economic ‘baton pass’ from the US to international,...
Our asset allocation portfolios are positioned for outperformance by non-US markets in 2017. Our...
We have noticed that many retail investors are currently sitting on cash and waiting for an...
Historically, long-term investors have not benefitted from betting against the combination of...
There is rarely a shortage of things to worry about and an old adage that “a bull market climbs a...
Although this Strategic View is devoted to emerging markets, Sunday’s French elections are too...
The domestic reflation trade that began in earnest after the November election resulted in record...
When President Trump made his speech to Congress on February 27th, he appeared to have a gift for...
In our view, this is one of the most asked and most relevant questions in investing and has been...
One of the industries that has benefitted most since the US presidential election is US banking....
After meeting with investors across both coasts for much of the last two weeks, our conversations...
2017 presents markets with significant potential policy changes on taxation, regulation,...
In December, we indicated that we were assessing our tactical position as we felt sentiment was...
We believe U.S. long-term interest rates may have hit a multi-year low, perhaps even an all-time...
One of the biggest losers of Trump’s surprise election victory has been long- term (10+ year) US...
In the 1st and 2nd quarters of 2016, we evolved from emerging market (EM) stock skeptics to...
American voters defied the political polls and pundits on Tuesday and elected Donald Trump as the...
For nearly 15 years our investment team has utilized ETFs within our global portfolios.
At RiverFront, we seek to “filter” news through a fundamental lens and identify where markets...
Our industry’s most ubiquitous disclaimer, “Past performance is no guarantee of future results,”...
Following five years of emerging market (EM) equities being the worst performing major asset...
This is not a timing piece, this is a gut check. We think it makes little sense that the world’s...
The unexpected result of the Brexit vote in the UK on June 23 unleashed a litany of uncertainties...
Recently, we at RiverFront have been on a crusade of sorts, attempting to convince investors to...
Britons are awaiting June 23 with baited breath – and it’s not because that date marks the...
Thus far in 2016, investors in developed international markets have seen a stark contrast between...
Due to the outperformance by US assets over the last seven years, we believe the case for...
The Eurozone is not an easy story to believe in. Years after the onset of a credit crisis that...
The son of a good friend of mine, a successful millennial in San Francisco, is getting married,...
The best advice from two great investing minds and a warning lesson from Sir Isaac: John Maynard...
Master Limited Partnerships1 (MLPs) are primarily companies that build pipelines connecting oil...
“May you live in interesting times.” – ancient Chinese curse, possibly apocryphal
Things have...
Based on conversations with our partner financial advisors, one of the most troubling and...
Important Risk Disclosure
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Not FDIC Insured – No Bank Guarantee – May Lose Value
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...