Janus Henderson Group (NYSE: JHG) is moving to acquire Richard Bernstein Advisors (RBA), a specialized investment firm headquartered in New York, which focuses on long-term, macro-driven investment approaches. This acquisition reflects Janus Henderson’s strategic intent to grow its market share in model portfolios and separately managed accounts, responding to the escalating demand from advisors for scalable and research-driven asset allocation solutions.
The transaction entails Janus Henderson purchasing the entirety of Richard Bernstein Advisors, which currently manages approximately $20 billion in assets. These assets are primarily invested through strategies based on macroeconomic trends and long-term market perspectives. The process is projected to finalize in the second quarter of 2026.
This acquisition positions Janus Henderson to become one of the leading providers of model portfolios in North America, a segment within asset management that continues to demonstrate consistent growth. Richard Bernstein Advisors has cultivated strong relationships with key segments of the distribution market, including wirehouses and registered investment advisors (RIAs). This established network is expected to reinforce and extend Janus Henderson's existing distribution capabilities.
From a leadership perspective, Richard Bernstein, the founder of RBA and a professional with over 40 years of Wall Street experience, will integrate into Janus Henderson’s executive structure as the global head of macro and customized investing through a multi-year contract. His expertise in macroeconomic frameworks is anticipated to complement and enhance Janus Henderson’s current bottom-up investment approaches.
Janus Henderson’s Chief Executive Officer, Ali Dibadj, emphasized the complementary nature of the combined firms, stating that both investment and distribution strengths from RBA and Janus Henderson create a compelling foundation for market leadership in model portfolios and separately managed accounts over the long term.
The deal emerges amid ongoing consolidation trends in the asset management industry, where firms prioritize scale and balanced capabilities to address evolving client needs. Notably, Janus Henderson recently gained attention after announcing a go-private transaction, signaling significant strategic realignments within the sector.
Financially, Janus Henderson reported holding nearly $997 million in cash and cash equivalents as of September 30, 2025, providing liquidity support to facilitate such strategic investments.
Regarding market reaction, Janus Henderson Group’s stock price experienced a slight decline of 0.42%, trading at $47.89 on Friday at the time of reporting. This movement occurs while the share price nears its 52-week high of $49.42, according to recent market data.
The acquisition represents a calculated step for Janus Henderson in expanding its product offerings and distribution channels, particularly in the fast-growing fields of model portfolios and separately managed accounts, where investors seek tailored and research-informed investment solutions.