The Millennial’s Generation
Riverside IP knows that the “Millennials” are the future of our country. This population of young adults is highly educated, tech savvy and prefer to do business on their schedule rather than be pinned down by something as arbitrary as standard business hours. We know that Millennials prefer to do business on tablets or smart phones and they demand 24-7 access to their financial accounts and they are quick to compare fees and services. In short, they are smart shoppers and they want to play an active role in their financial asset management.
The Fiduciary’s conflict
As a Registered Investment Advisor, Riverside IP is a Fiduciary to each of our clients. That means we are legally obligated to work in our clients best interest. Taking that concept one step further, Brian Machamer, as President of Riverside IP, believes that also means not letting clients do harm to themselves when they are investing under our business name. We believe that every client, whether a face-to-face client or a DIY Robo client, deserves to benefit from our Safety-First investment approach. And, finally, we believe it is our obligation to prevent, to the greatest extend possible, our new clients from harming themselves when they make use of our DIY Robo service.
The DIY Robo Solution
Riverside’s traditional business process involves meeting, questioning and interviewing new clients to determine which of our risk-managed strategies is best for their specific situation. We then invest their funds in one or more of our four investment strategies.
As a DIY Robo client, the new client will review a written description of each investment strategy and its level of risk and they will also complete an on-line, self-graded, risk assessment questionnaire to direct them to the most appropriate investment strategy. If the new client believes the questionnaire results and the written investment description match their investment needs, then the client may continue towards opening an account.