Alliancebernstein L.P

CRD#108477
Investment Advisor Firm

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Overview

Alliancebernstein L.P operates as an advisory firm based in New York, New York. The firm controls $487.0 billion in assets under management across 46,175 accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). The firm has a very large team of 3,479 employees, including 2,127 financial advisors. Alliancebernstein L.P is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as bonds, options and equities.

Alliancebernstein L.P oversees more than half of its client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make transaction judgments without requiring client approval. The company also manages 93 non-discretionary accounts with a total of $17.8 billion in assets. The firm's typical account size is $10.5 million. The average advisor at Alliancebernstein L.P manages around 22 client accounts, placing it among the more personalized firms in the country.

Alliancebernstein L.P's main office is at 1345 Ave Of The Americas, New York, New York 10105. The firm is legally allowed to provide services to clients across 50 U.S. states and territories.

Assets Under Management

$487.0 billion

Number of Advisors

2,127

Disclosures

No

Office Location

1345 Ave Of The Americas
New York, NY 10105

Alliancebernstein L.P by the Numbers

Total Assets Under Management

$487.0 billion

National Average: $3.3 billion
Total Number of Employees

3,479

National Average: 31
Total Number of Accounts

46,175

National Average: 1,935
Average Account Size

$10.5 million

National Average: $1.7 million

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Products and Services

Alliancebernstein L.P provides a number of 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 firm provided 31500 of its customers with financial planning services. It does not sell products or offer services other than investment advisory services to its investment advisory customers. 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 44% 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 61% 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

Financial advisory fees vary depending on which service is provided. However, fees billed by Alliancebernstein L.P most likely consist of any combination of the following fee structures: asset-based, fixed, commission-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Alliancebernstein L.P.

Available

  • Offered by 72% 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 39% 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 firm manages money for a broad range of investors. It 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 46,175 accounts, Alliancebernstein L.P's largest client type is high net worth investors, but it also serves 21,219 high-net-worth individuals. The SEC defines a high-net-worth individual 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). Just 2% of the company's clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 85.63%
  • Other Individuals - 0%
  • Corporations - 10.25%
  • Charitable Organizations - 4.12%

* 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,
Matthew Mclaughlin
Chicago, IL
Nicholas Birren
Nashville, TN
Alan Baca
San Diego, CA
Peter Kazmierczak
New York, NY
Kevin Kloski
New York, NY
Franco La Marca
Chicago, IL
Robert Pariseau
Tampa, FL
Jean Huang
Los Angeles, CA

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This content was compiled from the SEC and FINRA