AllianceBernstein

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AB
Publicly traded partnership
Traded as NYSEAB
Industry Asset Management
Founded 1967
Headquarters 1345 Avenue of the Americas,
New York, New York, U.S.
Area served
Worldwide
Key people
Peter S. Kraus, Chairman & CEO,
Jim Gingrich, Chief Operating Officer
Products Asset management, Mutual funds, Sell-side research, private wealth management
Number of employees
3,450
Parent AXA
Website AB

AllianceBernstein L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.

AB is based in New York, U.S.A. It has approximately US$474 billion in assets under management as of Dec 31, 2014.[1]

History[edit]

Origins[edit]

AB traces its origins back more than 48 years. Sanford C. Bernstein was founded in 1967 as an investment-management firm for private clients. Alliance Capital was founded in 1971 when the investment-management department of Donaldson, Lufkin & Jenrette, Inc., merged with the investment-advisory business of Moody's Investor Services, Inc.

2000–2015[edit]

In October 2000, Alliance Capital acquired Sanford C. Bernstein.[2] Alliance Capital's growth equity and corporate fixed-income investing, and its family of retail mutual funds, complemented Bernstein's value equity and tax-exempt fixed-income management, and its private-client business.

2015 onwards[edit]

On January 20, 2015, the firm announced changes to its brand identity and messaging to better reflect the evolution of the firm. This new brand initiative, Ahead of Tomorrow, captures both the company's progress and its unique approach to innovating and delivering for clients. The new brand name, "AB," and logo better embody the firm's distinct offerings and unified culture.[3]

Organization[edit]

Institutional Investment Management[edit]

AB provides investment services and solutions for institutions across the globe. Typical clients include Defined benefit pension plans and Defined contribution plans. As of December 31, 2014 Institutional Assets under management were US$237 Billion.[4]

Retail Distribution[edit]

The retail part of AB provides financial professionals and individual investors with the investment solutions, research, insights and tools that cover mutual funds, Managed Accounts, College Saving, Retirement Saving, and Insurance Services.[5]

Sell-side Research[edit]

Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein. It is also well known as Bernstein Research.[6]

Private Wealth Management[edit]

Bernstein Wealth Management, part of AB, provides investment and wealth-planning services for high-net-worth clients in the Americas[7]

529 Savings Plan[edit]

Rhode Island’s 529 savings plan, CollegeBoundfund®, is managed by AB and features AB mutual funds.[8]

Headquarters and locations[edit]

AB headquarters

AB's global headquarters are located in New York City at 1345 Avenue of the Americas, New York. AB has offices in 46 locations across 22 countries.[9]

Ownership[edit]

According to Form 8-K report, as of Jan 29, 2015,[10] AXA owned an approximate 62.7% economic interest in AB.

See also[edit]

References[edit]

External links[edit]