Janus Henderson acquires Richard Bernstein Advisors management company
26 JAN, 2026
By Joanna Piwko from RankiaPro Europe
Janus Henderson Group has announced that it has signed a definitive agreement to acquire 100% of Richard Bernstein Advisors (RBA), a macro multi-asset manager focused on research. The operation positions Janus Henderson as a leading provider of model portfolios and separately managed accounts (SMA).
The operation is expected to close in the second quarter of 2026.
History of Richard Bernstein Advisors
Founded in 2009 by Richard Bernstein and based in New York City, RBA is a manager focused on longer-term investment strategies that combine top-down macroeconomic analysis and portfolio construction driven by quantitative models, and oversees approximately $20 billion in client assets.
Widely recognized as an expert and opinion leader in style investing and asset allocation, Richard Bernstein has over 40 years of experience on Wall Street, including his tenure as chief investment strategist at Merrill Lynch & Co. RBA offers its clients differentiated asset allocation solutions, based on the firm's intellectual capital. Richard Bernstein will join Janus Henderson as Global Head of Macro & Customized Investing and will sign a multi-year agreement with the company to lead the next phase of RBA's growth.
Boost for Janus Henderson
This acquisition will allow Janus Henderson to substantially strengthen its position in model portfolios and SMA. Once the transaction is completed, Janus Henderson will be among the top 10 model portfolio providers in North America, placing itself at the forefront of a segment with strong growth prospects. In addition, RBA's deep experience in model distribution and SMA will enable Janus Henderson to strengthen its distribution capabilities, including its presence in large brokerage networks (wirehouses) and among registered investment advisors (RIA).
As the demand for model portfolios and SMA continues to accelerate across the industry, we are very pleased to announce this strategic acquisition of RBA, which will allow us to expand our investment capabilities for our clients and enhance our current offering of model portfolios and SMA. Richard and his investment team are recognized for their research capabilities, proven strategies, and innovative top-down macro approach. We believe that RBA and Janus Henderson's investment and distribution capabilities form a winning combination and position Janus Henderson for long-term success and market leadership in model portfolios and SMA.
Ali Dibadj, Chief Executive Officer of Janus Henderson
We are delighted to join Janus Henderson in this new stage of RBA's evolution. Our shared approach, deeply based on research, customer-centric mindset, strength in active ETFs and product innovation, along with our distribution capabilities, will allow us to develop customized models and expand our reach among clients. We will remain steadfast in providing our clients with our industry-leading intellectual capital and market insights. Our macro approach will complement Janus Henderson's bottom-up and fundamental investment strategies, expanding our combined capabilities for the benefit of our clients.
Ali Dibadj, Chief Executive Officer of Janus Henderson
