Janus Henderson Group has completed its acquisition of Richard Bernstein Advisors, a research-driven, macro multi-asset investment firm overseeing approximately $20 billion in client assets as of March 20, 2026.
The transaction, originally announced in January, strengthens Janus Henderson’s position in the growing model portfolio and separately managed account market. The firm now ranks among the top 10 model portfolio providers in North America, enhancing its ability to deliver customized investment solutions.
The acquisition brings together complementary strengths in research, product innovation, and distribution. It is expected to expand Janus Henderson’s investment capabilities while increasing flexibility and breadth across its offerings for clients.
Janus Henderson said the deal will enhance its model portfolio and SMA capabilities, while preserving the investment independence and disciplined approach that has defined RBA.
KEY QUOTES:
“I am pleased to share that Janus Henderson’s acquisition of RBA is now complete, bringing together two highly respected firms with a shared commitment to delivering differentiated outcomes for clients. This strategic acquisition expands our investment capabilities, enhances our model portfolio and SMA offerings, and increases the breadth, flexibility, and customization available to support clients’ evolving needs.”
Ali Dibadj, Chief Executive Officer of Janus Henderson
“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.”
Richard Bernstein, Chief Executive Officer and Chief Investment Officer of RBA
