Richard Bernstein Advisors LLC
Richard Bernstein Advisors LLC (RBA) is a New York-based SEC-registered investment adviser founded in 2009 as a Delaware LLC. The firm is primarily owned by Richard Bernstein and iM Global Partner (iMGP). RBA specializes in longer-term, research-driven, macroeconomic investment strategies, with a focus on innovative solutions for individuals, institutions, and intermediaries such as broker-dealers and investment advisers. Led by Richard Bernstein, a renowned expert in style investing and asset allocation, the firm combines top-down macro research and quantitative portfolio construction. RBA primarily serves U.S. individuals and institutions through separately managed accounts, model portfolios, and wrap fee programs. Currently, RBA employs approximately 35 professionals.
Investment Strategy
Richard Bernstein Advisors LLC adopts a research-driven, top-down macroeconomic approach, focusing on long-term investment strategies and quantitatively-driven portfolio construction. Their philosophy leverages macro research starting with founder Richard Bernstein’s expertise in style investing and asset allocation. RBA provides discretionary investment advisory services via separately managed accounts (SMAs), often through intermediaries and wrap fee programs. Clients select strategies based on consultation, and may impose reasonable investment restrictions aligned with strategic objectives. The firm's competitive edge derives from a macro style of investing, targeting innovative solutions and actively managing client portfolios using deep macroeconomic and quantitative insights.
Top Holdings
Equity Positions (211)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
J JMBS | JANUS DETROIT STR TR | 11.42% | $462.9M | 10,274,977 | $45.39 | $45.05 | +$30.1M |
I IQLT | ISHARES TR | 9.74% | $394.8M | 9,134,121 | $38.65 | $43.22 | +$116.9M |
V VTV | VANGUARD INDEX FDS | 7.62% | $308.9M | 1,747,771 | $151.98 | $176.74 | -$5.8M |
F FTEC | FIDELITY COVINGTON TRUST | 6.84% | $277.4M | 1,406,475 | $174.50 | $197.22 | +$37.2M |
S SPTI | SPDR SERIES TRUST | 5.86% | $237.3M | 8,248,164 | $28.77 | $28.77 | +$237.3M |