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AllianceBernstein Holding L.P.
Company typePublicly traded partnership
IndustryAsset management
Founded1967; 57 years ago (1967)
HeadquartersNashville, Tennessee, U.S.
Area served
Key people
Seth Bernstein (CEO)
Ramon de Oliveira (Chairman)
Kate Burke (COO)
John Weisenseel (CFO)
ProductsAsset management, Mutual funds, Sell-side research, private wealth management
RevenueIncrease US$4.16 billion (2023)
Increase US$818 million (2023)
Decrease US$765 million (2023)
AUMIncrease US$725 billion (2023)
Total assetsDecrease US$9.61 billion (2023)
Total equityDecrease US$4.45 billion (2023)
OwnerEquitable Holdings (64%)
Number of employees
4,707 (2023)
Footnotes / references

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

AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. It has approximately US$779 billion in assets under management as of 31 December 2021.



AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. Sanders.[2]

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.[3]


In October 2000, Alliance Capital acquired Sanford C. Bernstein.[4] Alliance Capital's growth equity and corporate fixed-income investing, and its family of retail mutual funds, accompanied Bernstein's value equity and tax-exempt fixed-income management and its private-client business.

It had approximately US$800 billion assets under management as of the end of 2007.[5]

On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo.[6]

AllianceBernstein and Fidelity Investments took control of supermarket Winn-Dixie's parent company during the latter's 2018 bankruptcy.[7]

In 2018, AllianceBernstein announced the move of their global headquarters from New York City to Nashville, while also having an office remaining in Midtown in New York City.[8][9]

In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors.[10][11]

In 2019, Alliance Bernstein was flagged by the Boycott, Divestment and Sanctions movement as a subsidiary of AXA through which the French insurance group maintained indirect investments in Elbit Systems and Israeli banks despite a partial divestment by the parent company.[12]

In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million.[13]


In April 2021, AllianceBernstein moved to a new headquarters in Nashville, Tennessee.[14][15] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center.[16]

In mid-August 2021, AllianceBernstein disclosed that it had entered a strategic partnership with LSV Advisors, LLC, in which AB would become the exclusive private wealth partner for LSV..[17]

In March 2022, it was announced that AllianceBernstein had acquired the Minneapolis-headquartered CarVal Investors – a global private alternatives investment manager.[18][19]


AllianceBernstein is 64 percent owned by Equitable Holdings.[20] Its global headquarters are located in Nashville, Tennessee at the Fifth and Broadway development.[8][9] AllianceBernstein has offices in 46 locations across 22 countries.[21]

AllianceBernstein provides investment services for institutions. Typical clients include defined benefit pension plans and defined contribution plans. It has approximately US$498 billion in assets under management as of June 30, 2017.[22] The retail part of AllianceBernstein provides financial professionals and individual investors with investments, research and tools that cover mutual funds, managed accounts, college and retirement saving, and insurance services.[23]

Sell-side research and brokerage services are provided by wholly-owned subsidiary Sanford C. Bernstein, also known as Bernstein Research.[24] Bernstein Wealth Management, part of AllianceBernstein, provides investment and wealth-planning services for high-net-worth clients in the Americas.[25]

Rhode Island's 529 savings plan, CollegeBoundfund, was managed by AllianceBernstein and featured AllianceBernstein mutual funds until 2016.[26]

See also[edit]


  1. ^ "10-K Form 2023". U.S. Securities and Exchange Commission. February 9, 2024.
  2. ^ "Shepard D. Osherow, Co-Founder Sanford C. Bernstein and Company". Archived from the original on December 23, 2015. Retrieved December 23, 2015.
  3. ^ "Our History". AB. Retrieved March 16, 2020.
  4. ^ "Alliance Capital to Buy Sanford C. Bernstein". Los Angeles Times. June 21, 2000.
  5. ^ Kerber, Ross; McLaughlin, Tim (May 2, 2017). "AllianceBernstein parent abruptly removes CEO Kraus, directors". Reuters. Retrieved May 4, 2017.
  6. ^ "AllianceBernstein Launches New Branding Initiative".
  7. ^ "Fidelity, AllianceBernstein Reap Payday After Winn-Dixie Rescue". August 9, 2021. Retrieved September 11, 2021.
  8. ^ a b Cheng, Evelyn (May 2, 2018). "An old Wall Street money manager with $500 billion is moving to Nashville from Manhattan to save money". CNBC. Retrieved May 11, 2022.
  9. ^ a b Massa, Annie (May 11, 2022). "What Happened When a Wall Street Investment Giant Moved to Nashville". Bloomberg Businessweek. Retrieved May 11, 2022.
  10. ^ Nauman, Billy (September 11, 2019). "AllianceBernstein sends staff to climate school". Archived from the original on September 14, 2019. Retrieved September 11, 2021.
  11. ^ Lerner-Lam, Michelle Dunstan, Lisa Sachs, and Art. "The World Is Starting to Pivot on Climate. It's Not Enough". Retrieved September 11, 2021.{{cite web}}: CS1 maint: multiple names: authors list (link)
  12. ^ "France investment firm AXA IM divests from Israel arms manufacturer". Middle East Monitor.
  13. ^ "AllianceBernstein acquires investment manager AnchorPath". Retrieved May 17, 2021.
  14. ^ Stinnett, Joel (April 29, 2021). "AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters". Nashville Business Journal. Retrieved June 4, 2021.
  15. ^ Stinnett, Joel (April 29, 2021). "AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters". Archived from the original on April 29, 2021. Retrieved September 11, 2021.
  16. ^ "Of Note: AllianceBernstein gifts O'Bryan Center $100K". Nashville Post. Retrieved September 11, 2021.
  17. ^ "AllianceBernstein Forms Partnership with LSV Advisors for Firm's Private Wealth Business - SWFI". Retrieved September 11, 2021.
  18. ^ "AllianceBernstein to acquire global private alternatives manager CarVal Investors". March 17, 2022. Retrieved March 17, 2022.
  19. ^ "AllianceBernstein Buys CarVal Investors for $750 Million - SWFI". Retrieved August 30, 2023.
  20. ^ Bary, Andrew. "Life Insurer Equitable Is a Cheap Way to Play AllianceBernstein". Retrieved September 25, 2021.
  21. ^ "All Locations, AllianceBernstein".
  22. ^ "Fourth Quarter Fact Sheet" (PDF).
  23. ^ "About Us-Investments | AB".
  24. ^ "Bernstein Research". AB.
  25. ^ "Overview".
  26. ^ "Rhode Island (RI) 529 College Savings Plans - Saving for College".

External links[edit]

  • Business data for AllianceBernstein Holding L.P.: