Janus Henderson Group, a global asset manager, entered into a definitive agreement to acquire 100% of Richard Bernstein Advisors (RBA), a research-driven, macro multi-asset investment manager.
Richard Bernstein will join Janus Henderson as global head of macro and customized investing and enter into a multi-year agreement with the company to lead the next phase of RBA’s growth.
This acquisition will enable Janus Henderson to enhance its position in model portfolios and SMAs. In addition, RBA’s expertise in model and SMA distribution will allow Janus Henderson to strengthen its distribution capabilities, including with wirehouses and Registered Investment Advisors (RIAs).
“As client demand for model portfolios and SMAs continues to accelerate across the industry, we are very excited to announce this strategic acquisition of RBA, which will allow us to expand our investment capabilities for our clients, amplifying our existing model portfolio and SMA offerings,” Ali Dibadj, CEO of Janus Henderson, said. “Richard and his investment team are renowned for their research capabilities, time-tested investment strategies, and innovative top-down, macro approach to investing. We believe the investment and distribution capabilities at both RBA and Janus Henderson is a winning combination and positions Janus Henderson for long-term success and market leadership in model portfolios and SMAs.”
Richard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, added, “We are delighted to join Janus Henderson in this next stage of RBA’s evolution. Our shared deep research-driven approach to investing, client-first mentality, strength in active ETFs and product innovation and distribution capabilities will allow us to develop customized models and expand our reach with clients. We will remain steadfast in providing our clients with our industry-leading intellectual capital and market perspectives. Our macro investment approach will complement Janus Henderson’s bottom-up, fundamental investment strategies, expanding our combined capabilities for the benefit of our clients.”
The transaction is expected to close in Q2/26.
Piper Sandler served as exclusive financial advisor to RBA. Vedder Price acted as legal counsel to RBA, and Sheppard, Mullin, Richter & Hampton acted as legal counsel to Janus Henderson.
