|By PR Newswire||
|January 16, 2014 02:16 PM EST||
NEW YORK, Jan. 16, 2014 /PRNewswire/ -- Richard Bernstein Advisors LLC (RBA) announced today that Suzanne Crosby, Ph.D., has joined as the Director of Institutional Accounts, based in the New York, NY office. RBA is an investment firm founded by former Merrill Lynch Chief Investment Strategist Richard Bernstein and has approximately $2.3 billion of assets under management/advisement as of December 31, 2013. RBA manages portfolios geared toward global asset allocation, global equity allocation, income and promising undiscovered investment themes.
"Sue's expertise in consulting will be highly beneficial in conveying RBA's unique investment views and process with institutional investors. Sue is a wonderful addition to our team as we respond to growing investor demand for our products," said CEO and CIO Richard Bernstein.
Sue will report directly to John McCombe, President of RBA, who added "Our strong AUM growth the last several years has been primarily through financial advisors. With several of our strategies now eclipsing their three-year performance anniversary – a coveted milestone – it makes sense for us to offer our unique views and suite of asset allocation vehicles to institutions."
Sue noted, "I am very pleased to be joining Richard Bernstein Advisors and getting a chance to work with Rich and his team to grow the institutional business. Asset allocation is a primary contributor to investors' returns and our offerings will be complementary to the manager selection skills that many investment committees and staff have."
Sue Crosby was a Partner at Mercer Investment Consulting where she focused on growing the traditional advisory and outsourced CIO businesses within the non-profit client channel. Prior to that, she was a Partner at Perella Weinberg Agility, an outsourced CIO provider. Sue brings 20 years of sales and marketing experience to RBA, which include roles at Merrill Lynch, Morgan Stanley, United Asset Management and Standard & Poor's. She holds a Ph.D. in Economics from Northern Illinois University, and began her career as an assistant professor of economics at Iona College in New Rochelle, NY.
About Richard Bernstein Advisors
Richard Bernstein Advisors LLC is an independent investment adviser. RBA partners with several firms including Eaton Vance Corporation, First Trust Portfolios LP, and BNP Paribas, and currently has $2.3 billion collectively under management and advisement as of December 31, 2013. RBA acts as sub-advisor for the Eaton Vance Richard Bernstein Equity Strategy Fund and the Eaton Vance Richard Bernstein All-Asset Strategy Fund and also offers income and unique theme-oriented unit trusts through First Trust. Additionally, RBA runs ETF asset allocation SMA portfolios at UBS and Merrill Lynch and on select RIA platforms as well. RBA's investment insights as well as further information about the firm and products can be found at www.RBAdvisors.com. Financial advisors and investors can also sign up to receive on-going investment commentary.
© Copyright 2014 Richard Bernstein Advisors LLC. All rights reserved.
Nothing contained herein constitutes tax, legal, insurance or investment advice, or the recommendation of or an offer to sell, or the solicitation of an offer to buy or invest in, any investment product, vehicle, service or instrument. Such an offer or solicitation may only be made by delivery to a prospective investor of formal offering materials, including subscription or account documents or forms, which include detailed discussions of the terms of the respective product, vehicle, service or instrument, including the principal risk factors that might impact such a purchase or investment, and which should be reviewed carefully by any such investor before making the decision to invest. Specifically, and without limiting the generality of the foregoing, before acquiring the shares of any mutual fund, it is your responsibility to read the fund's prospectus.
SOURCE Richard Bernstein Advisors LLC
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