Richard Bernstein Advisors Llc
- Regulatory AUM
- $181M
- Discretionary
- $181M
- Clients
- 2
- Avg AUM / client
- $90.4M
- Accounts
- 2
- Employees
- 28
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Aug 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $181M | 100.0% |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bernstein, Richard, Nmn | Chief Executive Officer, Chief Investment Officer, Board Member And Member | May 2009 (17y) | 50% – 75% | |
| Meyer, Michael, Harris | Chief Compliance Officer | Feb 2010 (17y) | Less than 5% | |
| Reagan, John, Raymond | Chief Technology Officer | Feb 2010 (17y) | Less than 5% | |
| Mccombe, John, Joseph | President, Director Of Distribution And Board Member | Sep 2010 (16y) | Less than 5% | |
| Tarbel, Barbara | Chief Financial Officer And Board Member | Dec 2013 (13y) | Less than 5% | |
| Goldfarb, Philip, Stephen | Director Of Trading | Jan 2016 (11y) | Less than 5% | |
| Griswold, Frank, Matthew | Director Of Investments And Risk Management | Dec 2016 (10y) | Less than 5% | |
| Kirschner, Lisa | Director Of Research | Dec 2016 (10y) | Less than 5% | |
| Suzuki, Dan, James | Deputy Chief Investment Officer & Chairman Of The Investment Committee | Jan 2020 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Im Square Holding 8 Llc | Member | Jul 2021 | A | 25% – 50% |
| Im Square Partners Holding | Holding Company | Jul 2021 | B | ≈ 18.75% – 50% via Im Square Holding 8 Llc |
| Im Square Sas | Parent | Dec 2020 | B | ≈ 14.06% – 50% via Im Square Partners Holding |
| Eurazeo Se | Holding Company | Jun 2014 | B | ≈ 5.27% – 37.5% via Legendre Holding 36 |
| Legendre Holding 36 | Holding Company | Jun 2015 | B | ≈ 7.03% – 37.5% via Im Square Sas |
| Jc Decaux Holding Sas | Shareholder | Jan 2022 | B | ≈ 1.32% – 18.75% via Eurazeo Se |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Im Square Partners Holding: 75% – 100% of Im Square Holding 8 Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Im Square Sas: 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 8 Llc × 25% – 50% direct ≈ 14.06% – 50% of the firm
- Eurazeo Se: 75% – 100% of Legendre Holding 36 × 50% – 75% of Im Square Sas × 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 8 Llc × 25% – 50% direct ≈ 5.27% – 37.5% of the firm
- Legendre Holding 36: 50% – 75% of Im Square Sas × 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 8 Llc × 25% – 50% direct ≈ 7.03% – 37.5% of the firm
- Jc Decaux Holding Sas: 25% – 50% of Eurazeo Se × 75% – 100% of Legendre Holding 36 × 50% – 75% of Im Square Sas × 75% – 100% of Im Square Partners Holding × 75% – 100% of Im Square Holding 8 Llc × 25% – 50% direct ≈ 1.32% – 18.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/15/2026 | 1.19 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE SETTLED ORDER PROVIDES THAT RBA VIOLATED A PROVISION OF RULE 206(4)-1 OF THE INVESTMENT ADVISERS ACT IN CONNECTION WITH THE DISSEMINATION OF CERTAIN ADVERTISEMENTS CONTAINING THIRD-PARTY RANKINGS. RBA DISSEMINATED AN ADVERTISEMENT ON ITS PUBLIC WEBSITE CONTAINING TWO THIRD-PARTY RATINGS THAT DID NOT CLEARLY AND PROMINENTLY DISCLOSE THE DATE ON WHICH THE RATING WAS GIVEN AND THE PERIOD OF TIME UPON WHICH THE RATING WAS BASED. Status: Final Sanction Detail: IN CONNECTION WITH THE SETTLED ORDER, ADVISER PAID A CIVIL MONETARY PENALTY IN THE AMOUNT OF $295,000 TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Summary: WITHOUT ADMITTING OR DENYING THE FINDINGS OF THE SETTLED ORDER, RBA CONSENTED TO THE ENTRY OF THE ORDER, WAS ORDERED TO CEASE AND DESIST FROM VIOLATING CERTAIN PROVISIONS OF THE INVESTMENT ADVISERS ACT, WAS CENSURED AND AGREED TO PAY A CIVIL MONETARY PENALTY.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- UBS $1.5B (40% of AUM) Jul 2026
- Morgan Stanley $1.4B (38% of AUM) Jul 2026
- BNY Mellon $558M (15% of AUM) Jul 2026
- Wells Fargo $28.9M (1% of AUM) Jun 2020
- Raymond James $15.0M (0% of AUM) Jun 2020
- National Financial Services (Fidelity) $14.0M (0% of AUM) Jun 2020
- Janney Montgomery Scott Llc $2.1M (0% of AUM) Jun 2020
- Charles Schwab & Co. $651K (0% of AUM) Jun 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Aug 17, 2026.
View current Form ADV (SEC/IAPD) ↗