Janus Henderson will acquire Richard Bernstein Advisors, a move that will boost the firm’s presence in model portfolios and SMAs. The deal, set to close in Q2 2026, will make Janus Henderson one of the top 10 model portfolio providers in North America.

Richard Bernstein Advisors, with $18.5 billion in AUM, specializes in macroeconomic analysis. Founder Richard Bernstein will join Janus Henderson. The acquisition aims to enhance investment capabilities and expand offerings in model portfolios and SMAs.

Model portfolios held an estimated $7.7 trillion in AUM in Q1 2025, forecasted to reach $13.2 trillion by 2029. SMAs, growing by 54% to $3.86 trillion in AUM, are gaining popularity due to tax benefits and technological advancements making them more accessible.

Asset managers are rushing to launch model portfolios and SMAs. Key players like Goldman Sachs, Fidelity, T. Rowe, and Franklin Templeton have introduced new models. Janus Henderson’s acquisition of RBA aligns with its research-driven approach and client-first mentality.

Morningstar research shows Janus Henderson holding $20 billion in model portfolio assets, behind BlackRock with $168 billion. Wilshire and Capital Group follow with $68 billion and $61 billion, respectively. The acquisition of Richard Bernstein Advisors positions Janus Henderson for growth and market leadership.

Read more at Yahoo Finance: Janus Henderson Buys Richard Bernstein Advisors