Transforming the Global Investment Community for the Benefit of Investors

We are guided by our north star of creating value for investors over a long-term horizon through replicable sources of excess return.


Research Affiliates, LLC, is a global leader in smart beta and asset allocation. Dedicated to creating value for investors, we seek to have a profound impact on the global investment community through our insights and products.

Our investment strategies are built on a strong research base and are led by Rob Arnott and Chris Brightman. We deliver solutions in partnership with some of the world’s leading financial institutions, through their offerings of mutual funds, ETFs, separately managed accounts, and/or commingled accounts.

Research Affiliates was founded in 2002 and is based in Newport Beach, California.

As of March 31, 2024, $147 billion in assets are managed worldwide using investment strategies developed by Research Affiliates.

Our Mission & Values

Research Affiliates aspires to be a leading source of insights and products
transforming the global investment community for the benefit of investors.



We reveal our intentions, speak candidly, and honor our word.



We emphasize learning, seek feedback, and welcome independent views.



We create shared success by partnering with colleagues and clients.



We own our actions and solve problems.

Research Affiliates is committed to diversity in our workforce, an inclusive culture, and equality of opportunity for all.

We believe that cultivating an inclusive culture with equal opportunity for all allows us to unlock the benefits of diversity to achieve better outcomes through a higher collective intelligence.

Research Affiliates is committed to
environmental sustainability.

We advocate conservation within our operations, support employee-initiated conservation initiatives, and seek to offer well-designed investment strategies that value responsible environmental management.

Our Investment Beliefs

Prices predictably vary around reasonable estimates of fair value because investor preferences are broader than expected return and risk.

Value investing provides a persistent opportunity because agency constraints inhibit many investors from exploiting long horizon signals.

Short-horizon signals are often crowded trades.

Systematic investment strategies, based upon theory and supported by empirical evidence, provide opportunity for improved outcomes for most investors.

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Our Departments


Research and Investment Management

Product Management & Marketing


Business Operations



Meet Our Team

Learn About Careers

Meet Our Team

Learn About Careers