iM Global Partner takes stake in Richard Bernstein Advisors (RBA) Thursday, July 29, 2021
Bailey McCann, Opalesque New York:
Paris-based iM Global Partner is continuing its US expansion by entering a partnership with Richard Bernstein Advisors (RBA). The firm acquired a 45% non-controlling stake in RBA as of July 28, 2021.
RBA was founded in New York in 2009 by Richard Bernstein. The firm has $14.6 billion in assets under management. RBA manages ETF-based asset allocation SMA portfolios for many wealth management and RIA platforms in addition to sub-advising several mutual funds, unit trusts, and ETFs.
The RBA deal is the latest in a growing global network for iM Global Partner. Recent US investment........
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