Richard Bernstein Advisors Names Joseph Zidle Portfolio Strategist

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Mar 06, 2012, 09:00 ET

NEW YORK, March 6, 2012 /PRNewswire/ -- Richard Bernstein Advisors (RBA), an investment firm focused on "top-down" macro asset allocation and style investing, announced today that Joseph Zidle has joined the firm as a Portfolio Strategist.

"We are very excited that Joe is joining our firm," said founder and Chief Executive Officer Richard Bernstein. "Joe's well-established track record of research and marketing speaks for itself. He provided investment strategy and asset allocation guidance to nearly $2T of individual investor assets at Bank of America Merrill Lynch as the head of investment strategy for Global Wealth Management. In addition, he authored or co-authored many of the firm's most widely followed Investment Strategy Research reports. Joe will jointly report to me, as a portfolio strategist and member of the Investment Committee, and to John McCombe, President."

"I am thrilled to be working with Rich again and the entire team at RBA," Zidle added. "As Chief Investment Strategist of Merrill Lynch during several difficult cycles and recessions, Rich's non-consensus approach to asset and equity allocation helped investors navigate the challenging investment landscape. I look forward to being part of the portfolio management team at RBA as they continue to help investors in today's environment through the various RBA investment products offered through partners such as Eaton Vance, First Trust and UBS."

Joe was formerly a Director with Bank of America Merrill Lynch Global Research and served as the Deputy Director of the Research Investment Committee (RIC), Head of Investment Strategy for Global Wealth Management, and co-head of Tactical Asset Allocation. Most recently Joe served as the head of Global Research Marketing for Global Wealth Management. Zidle has nearly 20 years' investment experience in various research roles. He holds degrees in Economics and History from Emory University and served as a specialist in Military Intelligence for the U.S. Army Reserves.

About Richard Bernstein Advisors

Richard Bernstein Advisors (RBA) is a registered investment adviser focusing on longer-term investment strategies that combine top-down, macroeconomic analysis and quantitatively-driven portfolio construction, utilizing Mr. Bernstein's widely recognized expertise in style investing and asset allocation. The firm's Chief Executive and Chief Investment Officer, Mr. Bernstein has nearly 30 years' experience on Wall Street, including most recently as the Chief Investment Strategist at Merrill Lynch & Co. RBA acts as sub-advisor for the Eaton Vance Richard Bernstein Equity Strategy Fund and the Eaton Vance Richard Bernstein All-Asset Fund and they also offer income-oriented Unit Trusts through First Trust. Additionally, RBA runs ETF asset allocation portfolio's at UBS and in separately managed accounts. RBA has over $700 million in assets under management/advisement as of February 29th, 2012. For more information go to RBA's website at www.rbadvisors.com.

SOURCE Richard Bernstein Advisors