Janus Henderson Group (NYSE:JHG) is set to acquire Richard Bernstein Advisors, a New York-based macro investment firm, in a strategic move to expand its footprint in model portfolios and separately managed accounts.
The deal reflects the accelerating demand from advisors for scalable, research-led asset allocation solutions.
Transaction Details
Janus Henderson will purchase 100% of Richard Bernstein Advisors, which oversees about $20 billion in assets and focuses on long-term, macro-driven strategies. The transaction is expected to close in the second quarter of 2026.
The acquisition vaults Janus Henderson into the top ranks of North American model portfolio providers, an area of the asset management industry seeing sustained growth.
RBA’s established relationships with wirehouses and registered investment advisors are expected to strengthen Janus Henderson’s distribution reach.
Leadership and Investment Expertise
RBA founder Richard Bernstein, a Wall Street veteran with more than four decades of experience, will join Janus Henderson as global head of macro and customized investing under a multi-year agreement. His macro-oriented framework is expected to complement Janus Henderson’s existing bottom-up investment approach.
Ali Dibadj, Chief Executive Officer of Janus Henderson, said, “We believe the investment and distribution capabilities at both RBA and Janus Henderson is a winning combination and positions Janus Henderson for long-term success and market leadership in model portfolios and SMAs.”
The deal comes amid broader consolidation across asset management, as firms seek scale and diversified capabilities. Janus Henderson has already drawn attention after agreeing to a go-private transaction, highlighting intensifying strategic shifts within the sector.
JHG held cash and cash equivalents of $996.9 million as of September 30, 2025.
JHG Price Action: Janus Henderson Group shares were down 0.42% at $47.89 at the time of publication on Friday. The stock is approaching its 52-week high of $49.42, according to Benzinga Pro data.
Image via Shutterstock
Recent Comments