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Richard Bernstein Advisors passes USD10bn in AUM


Richard Bernstein Advisors (RBA) has surpassed USD10 billion in assest under management (AUM) at the end of July. The firm’s growth was driven primarily by RBA’s tactical ETF portfolios, as well as adding several large institutional clients. RBA has also seen consistent growth in the two mutual funds it sub-advises for Eaton Vance.  The firm began managing money in mid-2010 and recently recorded its 10-year track record on many of its strategies.

Richard Bernstein, RBA’s CEO and CIO, says: “I started RBA in 2009 because I thought we were entering one of the greatest bull markets of our lifetimes. Fortunately, that turned out to be true. I am pleased with this milestone of USD10 billion in 10 years, but more pleased investors have had the confidence to embrace highly contrarian strategies that focus on asset allocation. In addition, we’ve offered portfolios that are counter to the trends of high fees, lockups, and opaqueness and instead, provide tactical strategies that are transparent, lower fee, and liquid. Our investors haven’t had to sacrifice performance to obtain those benefits.”

RBA strategies are geared to global tactical asset allocation, global equity, US equity, and income-oriented investment themes. The firm uses a top-down macro approach that focuses on fundamentals and is not event-driven.

John McCombe, President of RBA, says: “We are among the largest ETF strategists in the US and it’s nice to see that a boutique manager can thrive amidst the mega firms. It’s not a sales line to say we consider our investors as partners. We focus on service and offer investors full access to our investment team, intellectual capital via monthly market Insights and quarterly webinars, outsourced CIO capabilities that help advisors scale their own practices, and personalised client events. Solid performance combined with this type of transparency and investor support has helped us grow at a significantly higher rate than the overall industry.”       

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