Richard Bernstein Advisors AUM surpasses $6.5 Billion

NEW YORK, Jan. 9, 2018 /PRNewswire/ -- Richard Bernstein Advisors (RBA) announced today that assets under management and advisement grew over 80% in 2017 to close the year at over $6.5 billion.  The growth was driven primarily by RBA's tactical ETF portfolios which are available on multiple platforms and the addition of its first institutional client.

Richard Bernstein, RBA's CEO and CIO said, "While many asset management firms are seeing outflows – our "Pactive®" ETF portfolios check several key boxes for investors – they are tactical, transparent, lower fee, have strong performance and utilize ETFs to gain beta exposures based on our top-down macro approach of generating alpha through asset selection and not stock selection.  They are well suited for financial advisors and their respective clients and fueled our growth in 2017."

RBA utilizes "top-down" proprietary macro indicators to assess market cycles and portfolios are then formed quantitatively across countries, sectors, size and style.   RBA portfolios are geared to global asset allocation, global equity, income, and equity oriented investment themes.

John McCombe, President of RBA noted, "Advisors and institutions are recognizing the benefit of utilizing RBA to help make the critical asset allocation decisions  - when to dial up or back equity exposure in a portfolio for example.  As we get into the 9^th year of this bull market – this becomes increasingly important as clients look to maintain attractive risk adjusted returns - which is the focus of what we do."      

About Richard Bernstein Advisors

Richard Bernstein Advisors LLC is an independent investment adviser. RBA acts as sub-advisor for the Eaton Vance Richard Bernstein Equity Strategy Fund and the Eaton Vance Richard Bernstein All-Asset Strategy Fund, and also offers income and theme-oriented unit trusts through First Trust. RBA manages ETF asset allocation SMA portfolios at UBS, Merrill Lynch, Morgan Stanley, Ameriprise, Wells Fargo, RBC, Janney and select RIA platforms. Additionally, RBA is the index provider for two ETFs available through First Trust: the First Trust RBA American Industrial Renaissance® ETF and the First Trust Quality Income ETF. RBA's investment insights as well as further information about the firm and products can be found at www.RBAdvisors.com. Financial advisors and investors can also sign up to receive ongoing investment commentary and other alerts.

About Richard Bernstein

Richard Bernstein is the chief executive officer and chief investment officer of Richard Bernstein Advisors LLC.  In his role as CIO, Rich leads RBA's eight member Investment Committee, which manages all of the firm's investments, and performs executive management functions as CEO.

Before founding RBA, Mr. Bernstein was the Chief Investment Strategist at Merrill Lynch. He was a member of the Institutional Investor "All-America Research Team" 18 years, and is a member of the Institutional Investor "Hall of Fame", an honor given to only 57 of the nearly 15,000 analysts ever cited in the magazine. He presently serves as a Trustee of Hamilton College and of the Alfred P. Sloan Foundation. Mr. Bernstein is also a member of the Advisory Board of the Journal of Portfolio Management. He has a BA in Economics from Hamilton College and an MBA from NYU.

About John McCombe

John McCombe is the President of Richard Bernstein Advisors.  John helps set the overall strategy of RBA and is responsible for sales, new products and distribution partners. Prior to joining RBA, Mr. McCombe was the Executive Vice President and Director of Retail Sales and Marketing at Cohen & Steers and President of Cohen & Steers Distributors. Over his 13 years there, he was the chief architect of their retail fund and distribution business. Mr. McCombe also spent 14 years at Merrill Lynch in a variety of sales and marketing roles, including, most notably, seven years in "retail syndicate" where he focused on closed-end fund IPOs.   John holds a BS degree from Fordham University and an MBA from Pace University.  John also serves as an adjunct professor at Fordham University's Gabelli's School of Business and he sits on several not-for-profit boards.

© Copyright 2018 Richard Bernstein Advisors LLC.  All rights reserved.

Nothing contained herein constitutes tax, legal, insurance or investment advice, or the recommendation of or an offer to sell, or the solicitation of an offer to buy or invest in, any investment product, vehicle, service or instrument.  Such an offer or solicitation may only be made by delivery to a prospective investor of formal offering materials, including subscription or account documents or forms, which include detailed discussions of the terms of the respective product, vehicle, service or instrument, including the principal risk factors that might impact such a purchase or investment, and which should be reviewed carefully by any such investor before making the decision to invest.  Links  to appearances and articles by Richard Bernstein, whether in the press, on television or otherwise, are provided for informational purposes only and in no way should be considered a recommendation of any particular investment product, vehicle, service or instrument or the rendering of investment advice, which must always be evaluated by a prospective investor in consultation with his or her own financial adviser and in light of his or her own circumstances, including the investor's investment horizon, appetite for risk, and ability to withstand a potential loss of some or all of an investment's value.  Investing is an inherently risky activity, and investors must always be prepared to potentially lose some or all of an investment's value.  Past performance is, of course, no guarantee of future results.

CONTACT:
Jordan Rosen
(212) 692-4028
[email protected]

SOURCE Richard Bernstein Advisors