Richard Bernstein Advisors (RBA) funds scholarship at Spelman College to promote diversity in the asset management industry

News provided by

Sep 28, 2020, 08:30 ET

NEW YORK, Sept. 28, 2020 /PRNewswire/ -- Richard Bernstein Advisors, the macro-focused investment manager that is now among the largest ETF strategists in the U.S., announced today the firm has funded the Richard Bernstein Advisors Scholarship at Spelman College to help promote diversity at RBA and in the overall asset management industry. Spelman College, a women's college based in Atlanta, is the #1 ranked Historically Black College and University (HBCU) in the country according to the 2021 US News & World Report ranking.

The scholarship recipient will be chosen jointly by RBA and the Spelman College faculty. The scholarship includes tuition assistance for the student's junior and senior years plus a summer internship at RBA. The intern will rotate among each of RBA's departments allowing them to get exposure to many aspects of the asset management industry.

"Through this innovative combination of scholarship and internship, we hope to immediately play a leading and significant role enhancing diversity in the asset management industry," said Richard Bernstein, CEO & CIO of RBA. "We don't simply want to discuss diversity. We want RBA to be a catalyst for meaningful and lasting change by giving students the educational and professional experiences needed to launch successful careers."

"Designed to foster the development of a more equitable and innovative workforce, the Richard Bernstein Advisors Scholarship at Spelman College will support students as they make the pivotal transition from high-performing undergraduates to industry changemakers and leaders," said Mary Schmidt Campbell, Ph.D., president of Spelman. "We're looking forward to watching our scholarship recipients become the change that will help the financial industry remain competitive in a continuously shifting job market."

About Richard Bernstein Advisors

Richard Bernstein Advisors LLC is an independent registered investment manager. RBA manages ETF asset allocation SMA portfolios at Merrill Lynch, Morgan Stanley, Ameriprise, UBS, Envestnet, and other select RIA platforms. 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 offers income and theme-oriented unit trusts and ETFs through First Trust. RBA also manages assets on behalf of several large institutional investors.

RBA's investment insights as well as further information about the firm and products can be found at www.RBAdvisors.com. Financial advisors and Institutional investors can also sign up to receive ongoing investment commentary and other alerts.

About Spelman College

Founded in 1881, Spelman College is a leading liberal arts college widely recognized as the global leader in the education of women of African descent. Located in Atlanta, the College's picturesque campus is home to 2,100 students. Spelman is the country's leading producer of Black women who complete Ph.Ds in science, technology, engineering and math (STEM). The College's status is confirmed by U.S. News & World Report, which ranked Spelman No. 54 among all liberal arts colleges, No. 19 for undergraduate teaching, No. 4 for social mobility among liberal arts colleges, and No. 1 for the 14th year among historically Black colleges and universities. The Wall Street Journal ranked the College No. 3, nationally, in terms of student satisfaction. Recent initiatives include a designation by the Department of Defense as a Center of Excellence for Minority Women in STEM, a Gender and Sexuality Studies Institute, the first endowed queer studies chair at an HBCU, and a program to increase the number of Black women Ph.Ds in economics. New majors have been added, including documentary filmmaking and photography, and partnerships have been established with MIT's Media Lab, the Broad Institute and the Army Research Lab for artificial intelligence and machine learning. Outstanding alumnae include Children's Defense Fund founder Marian Wright Edelman, Starbucks Group President and COO Rosalind Brewer, political leader Stacey Abrams, former Acting Surgeon General and Spelman's first alumna president Audrey Forbes Manley, actress and producer Latanya Richardson Jackson, global bioinformatics geneticist Janina Jeff and authors Pearl Cleage and Tayari Jones. For more information, visit www.spelman.edu.

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. RBA information may include statements concerning financial market trends and/or individual stocks, and are based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment which may differ materially, and should not be relied upon as such. The investment strategy and broad themes discussed herein may be inappropriate for investors depending on their specific investment objectives and financial situation. Information contained in the material has been obtained from sources believed to be reliable, but not guaranteed. You should note that the materials are provided "as is" without any express or implied warranties. Past performance is not a guarantee of future results. All investments involve a degree of risk, including the risk of loss. No part of RBA's materials may be reproduced in any form, or referred to in any other publication, without express written permission from RBA. 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 subject to market risks. Investors acknowledge and accept the potential loss of some or all of an invest resented are subject to change at the sole discretion of Richard Bernstein Advisors LLC. Richard Bernstein Advisors LLC does not undertake to advise you of any changes in the views expressed herein.

CONTACT:
Amanda Pothin
(212) 692-4029
[email protected]

SOURCE Richard Bernstein Advisors