NEW YORK, Aug. 1, 2017 /PRNewswire/ -- Richard Bernstein Advisors (RBA) announced today that assets under management and advisement surpassed five billion dollars as of July 31st, 2017.
Richard Bernstein, RBA's CEO and CIO said, "This is an important milestone for RBA and reflects the hard work of everyone in our firm. He added, "Our top-down, team-oriented approach is quite different than that of the traditional stock-picking manager, and our growing list of clients shows that investors are increasingly recognizing the performance benefits to this differentiated and diversifying way of generating alpha."
RBA utilizes "top-down" proprietary macro indicators to assess market opportunities and portfolios are then formed quantitatively across asset classes, countries, sectors, size and style. RBA offers portfolios that target global asset allocation, global equity, and income.
John McCombe, President of RBA noted "flows into our tactical, multi-asset ETF portfolios have fueled our strong growth, and the firm's AUM increased over 40% so far during 2017. ETFs are great vehicles, but we believe it's important to know which ETF to own and when. That's RBA's strength." McCombe added: "hence the term "Pactive®" – active management using passive vehicles."
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 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 2017Richard 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.
View original content with multimedia:http://www.prnewswire.com/news-releases/richard-bernstein-advisors-aum-surpasses-5-billion-300497501.html
SOURCE Richard Bernstein Advisors