RBA
Leading provider of innovative, macro-driven investment solutions
Committed to delivering differentiated outcomes
As demand for model portfolios and SMAs grows, Janus Henderson’s acquisition of RBA strengthens the tools and expertise available to financial advisors. Richard Bernstein and Ali Dibadj share why the partnership matters for advisors’ evolving needs.
About RBA
Richard Bernstein Advisors (RBA) specializes in longer-term, top-down, macro-driven strategies that blend macroeconomic research with quantitatively guided portfolio construction. Founded in 2009 and led by renowned strategist Richard Bernstein, RBA provides clients with tailored asset allocation solutions and thematic strategies focused on long-term structural shifts, all embedded with their intellectual capital.
Latest insights from RBA
Reviving Guns & Butter?
Some observers today have drawn parallels between the recent oil price surge spurring inflation and the oil shocks of the 1970s, but there are also stark similarities to the 1960s Guns & Butter period.
Quick thoughts on war
We connect the geopolitical headlines to the macro backdrop and the practical positioning takeaways investors may be missing.
Quality = Value
By the end of 2025, the U.S. equity market had been narrower for longer than during the Technology Bubble. One might assume this long stretch created unusual valuations and overlooked opportunities.
3 investing principles and why they signal international markets for 2026
In our latest Quick Insight, Head of Multi-Asset Macro Investing Michael Contopoulos revisits three timeless investing principles that suggest a leadership shift in 2026 with international equities positioned to take the lead.
Top-down, tactical ETF model strategies
RBA's ETF model portfolios provide tactical asset allocation solutions implemented entirely through ETFs. These portfolios are built on top-down macroeconomic research focused on key fundamentals such as corporate profits, liquidity, and investor sentiment, guiding flexible "go-anywhere" positioning across global markets.
ETF managed strategiesTop-down macro research
"Top-down" research conducted utilizing an extensive array of proprietary macro indicators to assess corporate profits, liquidity, and investor sentiment/valuation that has been time-tested over 30 years.
Pactive® investing
Active management of passive investments, like ETFs, aims to drive alpha based on size, style, region, sector, and other market segments. RBA "X-rays" ETFs by analyzing the underlying holdings of each ETF, as though the portfolio holds thousands of individual stocks.
Global, "go-anywhere" portfolios
Our portfolios have the ability to invest in any global asset class—any sector, market cap, duration, credit, style, or country/region. This macro strategy emphasizes and de-emphasizes global market segments at different times, and actively seeks to avoid overvalued or deteriorating segments.
RBA thematic strategies
In addition to model portfolios, RBA offers thematic strategies designed to capture long-term structural shifts shaping the global economy.
American Industrial Renaissance®
RBA identified the American Industrial Renaissance® more than a decade ago as a long-term shift driven by rising global labor costs, supply chain restructuring, and the strategic reshoring of manufacturing. It remains one of the firm's longest-standing investment convictions.
Deglobalization
The global economy is shifting from decades of efficiency-driven globalization toward resilience, security, and domestic investment. Deglobalization is reshaping supply chains, trade relationships, and capital flows across regions.
Global Dividend Kings®
Companies with long histories of consistently growing dividends have historically demonstrated durable business models, strong balance sheets, and disciplined capital allocation. These firms can provide income and resilience across market cycles.
Meet the Investment Committee
RBA’s six-member Investment Committee works collaboratively to evaluate global markets and portfolio positioning. Drawing on a shared macroeconomic framework, the team assesses key fundamentals such as corporate profits, liquidity, and investor sentiment to develop investment views and guide portfolio decisions.
Global Head of Macro Investing & Custom Strategies
Head of Multi-Asset Macro Investing
Director of Research
Director of Macro Analytics
Senior Analyst
Investment Strategist