Richard Bernstein Advisors (RBA) funds scholarship at Spelman College to promote diversity in the asset management industry

Richard Bernstein Advisors, the macro-focused investment manager that is now among the largest ETF strategists in the U.S., announced today the firm has funded the Richard Bernstein Advisors Scholarship at Spelman College to help promote diversity at RBA and in the overall asset management industry.  Spelman College, a women’s college based in Atlanta, is the #1 ranked Historically Black College and University (HBCU) in the country according to the 2021 US News & World Report ranking.

The scholarship recipient will be chosen jointly by RBA and the Spelman College faculty. The scholarship includes tuition assistance for the student’s junior and senior years plus a summer internship at RBA.  The intern will rotate among each of RBA’s departments allowing them to get exposure to many aspects of the asset management industry.

“Through this innovative combination of scholarship and internship, we hope to immediately play a leading and significant role enhancing diversity in the asset management industry,” said Richard Bernstein, CEO & CIO of RBA.  “We don’t simply want to discuss diversity.  We want RBA to be a catalyst for meaningful and lasting change by giving students the educational and professional experiences needed to launch successful careers.”

“Designed to foster the development of a more equitable and innovative workforce, the Richard Bernstein Advisors Scholarship at Spelman College will support students as they make the pivotal transition from high-performing undergraduates to industry changemakers and leaders,” said Mary Schmidt Campbell, Ph.D., president of Spelman. “We’re looking forward to watching our scholarship recipients become the change that will help the financial industry remain competitive in a continuously shifting job market.”