{
  "crd_number": 153577,
  "slug": "richard-bernstein-advisors-llc-new-york-ny-153577",
  "primary_business_name": "RICHARD BERNSTEIN ADVISORS LLC",
  "legal_name": "RICHARD BERNSTEIN ADVISORS LLC",
  "dbas": [
    "JANUS HENDERSON INVESTORS"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2010-06-01",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-08-17",
  "carried_forward": false,
  "raum_total": 180796911.0,
  "raum_discretionary": 180796911.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 28,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 180796911.0,
      "count": 2
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "NY"
  ],
  "websites": [
    "https://janushenderson.com",
    "https://linkedin.com/COMPANY/1376322",
    "https://rbadvisors.com",
    "https://twitter.com/RBADVISORS"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/153577",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/richard-bernstein-advisors-llc-new-york-ny-153577",
  "display_name": "Richard Bernstein Advisors LLC",
  "summary": "Richard Bernstein Advisors LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2010, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 17, 2026.",
  "citation": "AdvisorCensus. Richard Bernstein Advisors LLC (CRD 153577): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Richard Bernstein Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Richard Bernstein Advisors LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Richard Bernstein Advisors LLC located?",
      "a": "Richard Bernstein Advisors LLC's principal office is in New York, NY, according to its Form ADV."
    },
    {
      "q": "Is Richard Bernstein Advisors LLC registered with the SEC or a state?",
      "a": "Richard Bernstein Advisors LLC is an SEC-registered investment advisory firm, registered since 2010. Status as filed: Approved. CRD 153577."
    },
    {
      "q": "How much does Richard Bernstein Advisors LLC manage?",
      "a": "Richard Bernstein Advisors LLC reports $180,796,911 in regulatory assets under management in its Form ADV filing dated August 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Richard Bernstein Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Richard Bernstein Advisors LLC: Regulatory assets under management: $4,713,504,023 in the October 2021 data and $180,796,911 in the October 2026 data, down 96%. Total employees: 32 in October 2021 and 28 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Richard Bernstein Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Does Richard Bernstein Advisors LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/153577"
    },
    {
      "q": "What changed in Richard Bernstein Advisors LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Regulatory assets under management went from $3,786,778,287 to $180,796,911 (-95%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 4713504023.0,
      "total_employees": 32,
      "filing_date": "2021-08-04"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 6065656710.0,
      "total_employees": 33,
      "filing_date": "2022-03-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 5238538747.0,
      "total_employees": 36,
      "filing_date": "2023-04-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 5235676824.0,
      "total_employees": 35,
      "filing_date": "2024-09-10"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 4954561817.0,
      "total_employees": 30,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 180796911.0,
      "total_employees": 28,
      "filing_date": "2026-08-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Regulatory assets under management went from $3,786,778,287 to $180,796,911 (-95%)."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Its Item 11 disclosure answers changed.",
        "Added the business name Janus Henderson Investors.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Item 11 disclosure answers changed: 3 yes answers, previously 2 (now yes: 11.D(2)).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $4,954,561,817 to $3,786,778,287 (-24%).",
        "Employees performing advisory functions went from 8 to 7."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/richard-bernstein-advisors-llc-new-york-ny-153577.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 180796911.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/153577",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}