Riverfront Investment Group Added to Advisory Platform at Janney Montgomery Scott

RICHMOND, Va., Dec. 4 /PRNewswire/ -- Riverfront Investment Group, LLC, a Richmond Virginia-based registered investment advisor, has been added to another major US financial institution's consulting services platform. Janney Montgomery Scott LLC (Janney), headquartered in Philadelphia, PA, recently approved Riverfront to provide money management services to its financial advisors. This alliance is another step toward Riverfront's vision of building close partnerships with a select group of premier financial institutions.

To qualify for the Janney Wealth Management platform, Riverfront had to pass a rigorous due diligence process that examined the quality of our people, process and investment performance. The firm also performed extensive on-site due diligence to ensure that the operational and risk management infrastructure at Riverfront meets the high standards of the Janney platform.

According to Michael Jones, Chief Investment Officer at Riverfront Investment Group, "We are very excited about our new relationship with Janney. Janney is quickly becoming an emerging force in the fee based advisory business and is developing a series of 'next generation' portfolio management solutions for the Financial Consultants to use with their clients. Riverfront is proud to partner with Janney on these new advisory services."

"Riverfront Investment Group truly understands the needs of our clients and financial consultants," said Randall Carbone, Director of Janney Wealth Management. "The Riverfront approach to portfolio management as well as their successful track record combined with their very unique approach to communicating with our financial consultants has created considerable early interest within the Janney system," Carbone added.

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 Janney Montgomery Scott

Established in 1832, Janney Montgomery Scott LLC provides comprehensive financial advice and superior service to individual, corporate and institutional investors. A full-service, financial services firm, Janney is committed to providing clients advice through a wealth management approach by focusing on the delivery of strategic financial plans that utilize a variety of financial products and services best suited to help meet their financial goals. Janney provides advice and service to clients through a network of professionals in branch offices located along the entire east coast. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, one of the five largest mutual insurance companies in the nation based on capital, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.

For additional information about Janney Montgomery Scott, please visit http://www.jmsonline.com