NEW YORK, March 8, 2017 /PRNewswire/ -- Richard Bernstein Advisors (RBA) announced today that assets under management and advisement surpassed four billion dollars as of February 28th, 2017.
Richard Bernstein, RBA's CEO and CIO said "at a time when active managers are under siege, RBA's strategies generally outperformed in 2016 and on a three and five year basis as well (as of December 31, 2016). Rich added: "RBA's investment team has done an outstanding job – across all of our products - mutual funds, SMA's, UIT's and quantitative indices."
RBA is unique in that it combines a "top-down" macro approach utilizing proprietary indicators with quantitative security selection. RBA manages portfolios geared to global asset allocation, global equity allocation, income allocation, and undiscovered investment themes.
John McCombe, President of RBA noted "our "Pactive®" ETF portfolios have fueled our recent growth with a combination of strong performance and low fees. These tactical, balanced - asset allocation strategies utilize passive vehicles to achieve their objectives thus combining active management with passive, lower fee ETFs. We continue to see ongoing demand from investors in this space."
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 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 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 a member of the Advisory Board of the Journal of Portfolio Management and is a former Adjunct Professor at the NYU/Stern Graduate School of Business. 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.
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SOURCE Richard Bernstein Advisors