Alliancebernstein L.P

CRD#108477
Investment Advisor Firm

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Learn more about Alliancebernstein L.P

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Alliancebernstein L.P is located at 501 Commerce Street, Nashville, TN. The firm employs 829 financial advisors to manage client portfolios and provide financial guidance. Alliancebernstein L.P is not a registered broker-dealer.

    Alliancebernstein L.P oversees $651.5 billion in assets under management across 62,140 accounts, of which 62,088 are discretionary and 52 are non-discretionary. Over the past year, the firm has provided financial planning services to 34,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters, and other services. The firm caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Alliancebernstein L.P includes asset-based, fixed, commission-based, and performance-based fees. The firm has 21,169 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, and commodity pool advisor.

    Alliancebernstein L.P is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.

    Assets Under Management

    $651.5 billion

    Number of Advisors

    829

    Disclosures

    No

    Office Location

    501 Commerce Street
    Nashville, TN 37203

    Alliancebernstein L.P by the Numbers

    Total Assets Under Management

    $651.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    4,565

    National Average: 64
    Total Number of Accounts

    62,140

    National Average: 375,227
    Average Account Size

    $10.5 million

    National Average: $23.0 thousand
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    Products and Services

    Alliancebernstein L.P offers a variety of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, publication of newsletters, and other services. In the prior fiscal year, Alliancebernstein L.P provided financial planning services to 34500 of its customers. It is not involved in selling products or offering services other than investment advisory services to its investment advisory clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees largely are based on the financial services offered. Fees charged by Alliancebernstein L.P likely consist of some combination of the following fee types: asset-based, fixed, commission-based, or performance-based. The firm does participate in a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 1% of firms

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 0% of firms

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

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    Types of Clients

    The company works with a number of different clients. The firm caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, and corporations. Out of its 10 clients, Alliancebernstein L.P's largest client group by number of accounts is pooled investment vehicles, but it also serves 21169 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 82.86%
    • Other Individuals - 0%
    • Corporations - 9.78%
    • Charitable Organizations - 7.36%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Alliancebernstein L.P does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Alliancebernstein L.P

    Max Brown
    Nashville, TN
    Ian Thompson
    Chicago, IL
    Adam Geist
    Nashville, TN
    Jonathan Dominy
    Cleveland, OH
    Tanya Slipsager
    New York, NY
    Hannah Metcalf
    Nashville, TN
    Jacqueline Dylewski
    Nashville, TN
    Robert Dibenedetto
    Atlanta, GA
    Rachel Schneider
    Seattle, WA

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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