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Alternative Market Briefing

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 investments have included Polen Capital, Dolan McEniry, Scharf Investme......................

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