UBS Wealth Management Americas has entered into a strategic partnership with Richard Bernstein Advisors (RBA), an investment adviser to offer its clients with access to RBA’s insight into asset allocation.
UBS said that Mike Ryan, head of wealth management research-Americas, will oversee the exclusive partnership, which complements the investment ideas that UBS Wealth Management Research offers to individual investors.
UBS clients will have access to the research of RBA via its Wealth Management Americas managed portfolio program in a separate discretionary account of predominately exchange-traded funds. RBA will share market views that include overall equity-versus-bond recommendations, size and style positioning, and international allocations.
Robert McCann, CEO of UBS Wealth Management Americas, said: “Consistent with our objective to be the best wealth management firm in the Americas, this partnership demonstrates our commitment to providing our clients with unparalleled intellectual capital and highly relevant perspectives in support of their investment goals."
Mr Bernstein, CEO of RBA, said: “I have tremendous respect for UBS and the global business they have built over the many years in wealth management. We are thrilled to partner with the WMA leadership team in this exciting new initiative.”