Janus Henderson Completes Richard Bernstein Advisors Acquisition

Janus Henderson Investors (NYSE: JHG) has completed its acquisition of Richard Bernstein Advisors, a macro-focused multi-asset investment manager. The deal was previously announced by AltsWire in January.

“This strategic acquisition expands our investment capabilities, enhances our model portfolio and [separately managed account, or SMA] offerings, and increases the breadth, flexibility, and customization available to support clients’ evolving needs,” said Ali Dibadj, chief executive officer of Janus Henderson.

Founded in 2009 in New York City by Richard Bernstein — who serves as CEO and chief investment officer — RBA focuses on longer-term investment strategies that combine top-down macroeconomic analysis and quantitative portfolio construction. The firm oversaw approximately $20 billion in client assets as of January 2026.

Bernstein will join Janus Henderson as global head of macro and customized investing and has entered a multi-year agreement with the company to lead the next phase of RBA’s growth.

“Together, Janus Henderson and RBA combine complementary strengths in research, product innovation, and distribution. The acquisition expands the resources supporting our models and portfolios while preserving the independence and rigor that defines RBA,” said Richard Bernstein, CEO and chief investment officer of RBA.

With the deal’s close, Janus Henderson said it ranks among the top 10 model portfolio providers in North America. RBA’s expertise in model and SMA distribution is expected to strengthen its distribution capabilities, including with wirehouses and registered investment advisers.

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