Michael Jones

Michael is the founder and CEO of CARAVEL Concepts, LLC. Michael brings to CARAVEL over 30 years’ experience designing and building advisory processes, innovative investment products and supporting software infrastructure. Prior to CARAVEL, Michael served as Chairman and founding partner of RiverFront Investment Group. Riverfront is a global advisory firm that builds asset allocated portfolios of exchange-traded funds (ETF), and manages a series of innovative ETFs offering active management for global equity, fixed income and currency hedged portfolio strategies. Before the launch of RiverFront, Michael served as the Chief Investment Officer for Wachovia Securities, the third largest brokerage and investment advisory firm in the US. While at Wachovia, Michael was responsible for designing the firm’s planning, portfolio implementation and progress monitoring advisory processes, and managed over $75 billion in discretionary portfolio assets. Michael helped lead the firm in its cultural conversion from brokerage to advisory client relationships. Wachovia Securities was the first major US investment firm to deploy comprehensive planning software, managed mutual fund portfolios and unified managed accounts (UMAs). While at Wachovia, Michael also designed and launched the first ETF-based tactical allocation portfolios. These portfolios became an innovation platform for the emerging ETF industry, providing the investment concepts and seed capital for many of the most successful ETFs in the marketplace. Michael was recognized for these pioneering efforts through induction into Research Magazine’s ETF Hall of Fame. Michael is a featured guest on many financial news networks including CNBC, Fox Business, and Bloomberg, providing insight about global market opportunities and economic trends. He earned a BA in Economics from the College of William and Mary and an MBA from the Wharton School at the University of Pennsylvania. Michael received his CFA designation in 1990.