Richard Bernstein Advisors AUM surpasses $1 Billion

             Richard Bernstein Advisors AUM surpasses $1 Billion

PR Newswire

NEW YORK, March 4, 2013

NEW YORK, March 4, 2013 /PRNewswire/ -- Richard Bernstein Advisors LLC (RBA),
an investment firm run by former Merrill Lynch Chief Investment Strategist
Rich Bernstein, announced today that their assets under management and
advisement had eclipsed one billion dollars in just over two years. The firm
is unique in that it combines a highly proprietary "top-down" macro approach
to investing with quantitative asset selection. RBA manages portfolios geared
to global asset allocation, global equity allocation, income allocation, and
promising undiscovered investment themes.

"We are pleased to hit this milestone so quickly, especially given the number
of investment products advisors can choose from," said CEO and CIO Rich
Bernstein. "We believe it is an endorsement of our style of investing which
focuses on risk management and on being in the right assets, sectors, styles,
and countries instead of relying on individual stock selection. It is very
exciting to see that financial advisors are increasingly appreciating the
value-added of 'beta managers' like RBA."

"The ETF space in particular lends itself well to RBA's style of investing
where individual stock selection is not as important a driver of returns as
are size, style, and geography. We expect ETF-based equity and all-asset
portfolios and models to be a strong area of growth for RBA in the coming
year."

"We are fortunate to have strong partners that help distribute our products to
the financial advisor community," noted John McCombe RBA's President and
Director of Marketing. John also highlighted that RBA's highly contrarian
investment style is the key to RBA's approach. "Rich and our investment team
have for the past several years been positioning portfolios to take advantage
of such things as the outperformance of the U.S stock market and the
underperformance of gold and emerging markets. Our clients have reaped the
benefits of these correct calls, but many investors seem to only now be just
awakening to these significant rotations within the global markets."

RBA continues to work on solutions for investors that can capitalize on RBA's
proprietary research and intellectual capital such as stock and multi-asset
indexes, ETF's and structured products. "We would expect to potentially add
more products and partners if we think the product makes sense for the average
investor," said McCombe.

About RBA:

Richard Bernstein Advisors was founded by Richard Bernstein in 2009, and began
managing money in mid-2010. RBA partners with Eaton Vance Corporation, First
Trust Portfolios LP, and UBS. The firm currently has ten employees and is
located at 120 West 45^th Street in New York City. The firm's website is
www.RBAdvisors.com.

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.

RBA's Current Products:

  oEaton Vance/Richard Bernstein Equity Strategy Fund (ERBAX)**
  oEaton Vance/Richard Bernstein All-Asset Strategy Fund (EARAX)**
  oFirst Trust/RBA Quality Income Unit Investment Trust
  oFirst Trust/RBA Global Dividend Kings® Unit Investment Trust
  oFirst Trust/RBA American Industrial Renaissance Unit Investment Trust
  oUBS Managed Portfolios Advised by Richard Bernstein Advisors
  oETF-based separate managed accounts for Registered Investment Advisors

**RBA acts as sub-advisor to the Eaton Vance Funds

About Richard Bernstein

Richard Bernstein is the Chief Executive Officer and Chief Investment Officer
of Richard Bernstein Advisors LLC. Before forming RBA, Mr. Bernstein was the
Chief Investment Strategist at Merrill Lynch. He was 18-time Institutional
Investor All-American Analyst, and is a member of the Institutional Investor
"Hall of Fame", and honor given to only 49 of the nearly 15,000 analysts ever
cited in the magazine. He presently serves as a Trustee of Hamilton College
and of the Alfred P. Sloan Foundation. Mr. Bernstein is a member of the
Advisory Board of the Journal of Portfolio Management and is an Adjunct
Professor at the NYU/Stern Graduate School of Business. He has a BA in
Economics from Hamilton College and an MBA from NYU.

About John McCombe

John McCombe is the President and Director of Marketing of Richard Bernstein
Advisors. John helps set the overall strategy of RBA and is responsible for
sales, new products and distribution partners. Prior to joining RBA, Mr.
McCombe was the executive vice president and Director of Retail Sales and
Marketing at Cohen & Steers and president of Cohen & Steers Distributors. Over
his 13 years there, he was the chief architect of their retail fund and
distribution business. Mr. McCombe also spent 14 years at Merrill Lynch in a
variety of sales and marketing roles, including, most notably, seven years in
"retail syndicate" where he focused on closed-end fund IPOs. John holds a BS
in finance from Fordham University, where he has also taught, and an MBA in
accounting from Pace University, and he sits on several not-for-profit boards.

SOURCE Richard Bernstein Advisors

Website: http://www.rbadvisors.com
Contact: Barbara Tarbel, +1-212-692-4010, BTarbel@RBAdvisors.com