Alliancebernstein L.P

CRD#108477
Investment Advisor Firm

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Overview

Alliancebernstein L.P operates as a financial advisor firm headquartered in New York, New York. The firm oversees $586.0 billion in assets under management across 43,919 accounts, placing it among the biggest firms in the United States by assets under management (AUM). The firm has a very large team of 3,691 employees, two thousand, two hundred forty-three of whom are financial advisors. Alliancebernstein L.P is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as equities, bonds and options.

Alliancebernstein L.P manages the majority of the company's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell choices are made by a portfolio manager without requiring client consent. Alliancebernstein L.P also administers 64 non-discretionary accounts with a total of $19.6 billion in assets. Alliancebernstein L.P's typical account size is $13.3 million. The average advisor at Alliancebernstein L.P oversees about 20 client accounts, making it one of the more personalized advisor firms in the country.

Alliancebernstein L.P's headquarters is at 1345 Ave Of The Americas, New York, New York 10105. Alliancebernstein L.P is permitted to provide services to investors throughout 50 U.S. states and territories.

Assets Under Management

$586.0 billion

Number of Advisors

2,243

Disclosures

No

Office Location

1345 Ave Of The Americas
New York, NY 10105

Alliancebernstein L.P by the Numbers

Total Assets Under Management

$586.0 billion

National Average: $3.7 billion
Total Number of Employees

3,691

National Average: 29
Total Number of Accounts

43,919

National Average: 2,073
Average Account Size

$13.3 million

National Average: $1.8 million

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Products and Services

Alliancebernstein L.P offers multiple services, which can 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. In the last fiscal year, the company provided financial planning services to 32000 of its customers. The company is not involved in selling products or offering services other than investment advice to its investment advisory accounts. The company is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, trust company, insurance company or agency and commodity pool advisor.

Core Advisor Services

  • Offered by 45% 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 62% of firms

    Portfolio Management

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

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    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 23% 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 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors usually vary depending on which service is offered. Fee types charged by the firm likely consist of the following fee types: asset-based, fixed, commission-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

Available

  • Offered by 74% 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 2% 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 17% 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 1% 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 40% 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

Alliancebernstein L.P manages money for a broad range of clients. The company provides services to high net worth investors, investment companies, business development 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 43,919 clients, Alliancebernstein L.P's largest client is high net worth investors, but it also serves 19,340 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual 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). Just 3% of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 84.62%
  • Other Individuals - 0%
  • Corporations - 10.58%
  • Charitable Organizations - 4.8%

* 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

Yigal Marcus
Tel Aviv,
Lauren Jones
Denver, CO
Matthew Palazzolo
New York, NY
Todd Buechs
San Francisco, CA
Donald Morgan
Los Angeles, CA
Carol Rose
Nashville, TN
Amir Khorami
New York, NY
Nancy Edwards
San Antonio, TX
Wendy Barasch
New York, NY

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This content was compiled from the SEC and FINRA