UBS Wealth Management Americas struck an agreement with Richard Bernstein Advisors to enhance its research capabilities.

Richard Bernstein Advisors specializes in long-term, macro-oriented investing and now UBS clients will have access to its insight into asset allocation.

This partnership will complement UBS’s existing investment research and will be overseen by Mike Ryan, the head of UBS Wealth Management Research Americas.

“Richard Bernstein is a respected leader in the field of asset allocation, bringing sophisticated insight and thoughtful advice to clients," Robert McCann, the CEO UBS Wealth Management Americas, said in a press release.

UBS said in the press release that its clients will be able to access Richard Bernstein Advisors' research through a managed portfolio program in a fee-based account of predominately exchange-traded funds. Richard Bernstein Advisors will share market views that include overall equity-versus-bond recommendations, size and style positioning, and international allocations. Bernstein also will participate in UBS conferences, roundtables and select client events, according to a UBS spokesperson.

UBS is in the process of reorganizing and re-positioning its wealth management division. It experienced major advisor defections in 2008 and 2009 until it had fewer than 6,900 earlier this year. And there were scandals that took a toll on its image, including the sale of controversial auction-rate securities and subsequent $19 billion buyback of those investments. And there was the tax scandal in which UBS was accused of helping U.S. citizens hide assets in offshore accounts.

Last year, it hired McCann to turn things around. In a recent interview with On Wall Street, McCann struck an optimistic chord that UBS could indeed be positioned as more of a boutique-oriented wealth manager, with a sharp focus on the very high-end client.