Richard Bernstein Advisors LLC (New York)
Richard Bernstein Advisors LLC is a large advisory firm based in New York. It manages $3.54 billion of regulatory assets for 8,262 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.
Richard Bernstein Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, publication of newsletters, and asset allocation to broker-dealers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Richard Bernstein Advisors: assets under management
The assets under management (AUM) of Richard Bernstein Advisors LLC is $3.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 14042% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in pooled investment vehicles the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Richard Bernstein Advisors LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Richard Bernstein Advisors serves?
The firm provides services to individuals, investment companies, and state or municipal government entities. The largest group of clients of Richard Bernstein Advisors is individuals with 8,250 clients and $1.76 billion of assets under management. Among the 7 most similar advisory firms, Richard Bernstein Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $3.53 billion for 8,253 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Richard Bernstein Advisors doesn't advise any private funds.
Careers at Richard Bernstein Advisors LLC
The company employs 23 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Based in New York
The principal office where Richard Bernstein Advisors LLC performs its advisory services is located at 120 West 45 Th Street 36 Th Floor, New York, NY 10036, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-692-4000 or by fax 212-692-4001. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at rbadvisors.com.
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