NEW YORK, Sept. 19, 2013 /PRNewswire/ -- Richard Bernstein Advisors LLC (RBA), an investment firm founded by former Merrill Lynch Chief Investment Strategist Rich Bernstein, announced today that Stephen G. Halley has joined the firm as a Regional Investment Specialist covering the Western part of the United States. RBA has approximately $1.7 billion of assets under management/advisement and manages portfolios geared toward global asset allocation, global equity allocation, income and promising underdiscovered investment themes.
"RBA's separately managed account platforms have been a new and considerable source of growth for the firm. Steve has many years of experience selling and supporting SMAs, and has an excellent reputation among a broad base of financial advisors," said CIO and CEO Richard Bernstein.
Stephen will report directly to John McCombe, President of RBA, who added, "Steve is a great addition to our growing team as we continue to expand and gain increasing awareness of our products. His experience and background are ideal for in-depth discussions with financial advisors on our unique investment views and on portfolio positioning across our various asset allocation and equity strategies. He will also work closely with our key partners Eaton Vance and First Trust."
Stephen noted, "Rich's ability to construct exceptional and distinctive portfolios coupled with his deep familiarity with capital markets is an extraordinary asset to the financial advisor community. I look forward to incorporating RBA's outlook and vision with our strategic partners through our unique array of products."
Stephen was formerly a Senior Vice President and Western Regional Sales Director with The Roosevelt Investment Group, a role he assumed in 2007. Prior to joining The Roosevelt Investment Group, Steve was a Regional Director representing ING Investment Management's managed account products in the Southwest United States. Steve graduated cum laude from the University of Montana, with a B.A., and an M.P.A. from the University of Nevada. Stephen holds the Certified Investment Management Analyst (CIMA) designation as well.
Stephen will be based in the San Francisco, CA, area.
About Richard Bernstein Advisors
Richard Bernstein Advisors LLC is an independent investment adviser that began managing money in mid-2010. RBA partners with several firms including Eaton Vance Corporation, First Trust Portfolios LP, and BNP Paribas and currently has $1.7 billion collectively under management and advisement as of July 31, 2013. 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 offer income and unique theme‐oriented unit trusts through First Trust. Additionally, RBA runs ETF asset allocation SMA portfolios at UBS and Merrill Lynch and on select RIA platforms as well. 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 on-going investment commentary.
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SOURCE Richard Bernstein Advisors LLC