LPL Financial Platform Adds Riverfront Investment Group

Riverfront Investment Group, LLC, a registered investment adviser (RIA), has been added to LPL Financial’s consulting services platform.

To be approved for the LPL Financial Manager Select program, Riverfront had to pass a due diligence process examining the quality of its personnel, process, and investment performance.

Michael Jones, CIO at the Richmond, Virginia-based Riverfront Investment Group says, “We are honored to be added to the LPL Financial Manager Select program. LPL Financial is committed to providing unbiased investment advice through open architecture investment solutions. This philosophy has made LPL Financial one of the fastest growing firms in the industry, and we are very excited about what our two companies can accomplish together.”

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Otto Launches New RIA

Al Otto, who recently departed White Horse Advisors, has launched a new firm.

The firm, One Fiduciary Group, LLC, is being positioned as an independent, fee-only advocate for corporate retirement plans.

“Our goal is to guide fiduciaries to heal the U.S. retirement system and provide financial security for American workers through prudent processes and measured outcomes,’ explains Otto, founder and CEO of OneFiduciary Group, LLC, an Atlanta-based registered investment adviser.

According to the announcement, OneFiduciary Group provides “a single source solution to manage a retirement plan sponsor’s fiduciary risk, optimize investment results, obtain full fee disclosure, promote employee success and achieve effective plan design.’ The firm offers two fiduciary service options that include a traditional investment advisory service and a higher level service that it says is designed to transfer all investment risks away from the plan fiduciaries.

The firm’s management team features half a dozen seasoned retirement professionals who serve plan committees in the midsize market of $5 million to $250 million in assets under management.


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You can find out more information at http://www.onefiduciary.com/

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