Alliancebernstein L.P

Investment Advisor Firm

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Alliancebernstein L.P is a financial advisor company based in New York, New York. It handles $487.0 billion in assets under management throughout 46,175 customer accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). It has a very large group of 3,479 employees, including 2,127 financial advisors. Alliancebernstein L.P is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets like bonds, options and stocks.

Alliancebernstein L.P administers most of its accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make transaction choices for the client's account without requiring the client's permission. Alliancebernstein L.P also has 93 non-discretionary accounts with a total of $17.8 billion in assets under management. The investment advisory firm manages about $10.5 million in assets for every customer account. An average financial advisor at Alliancebernstein L.P manages around 22 client accounts, making it one of the more personalized firms in the country.

The firm's headquarters is located at 1345 Ave Of The Americas, New York, New York 10105. Alliancebernstein L.P is permitted to serve clients throughout 51 U.S. states and territories.

Number of Advisors




Office Location

1345 Ave Of The Americas
New York, NY 10105

Alliancebernstein L.P by the Numbers

Total Number of Employees


National Average: 4,943
Total Number of Accounts


National Average: 2,522
Average Account Size

$10.5 million

National Average: $1.3 million

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Products and Services

Alliancebernstein L.P offers multiple 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 past fiscal year, Alliancebernstein L.P provided 31,500 of its accounts with financial planning services. Alliancebernstein L.P does not sell products or offer services aside from investment advice to its investment advisory accounts. It is also affiliated with a number of 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 63% 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 typically vary depending on the type of services provided. Fee types charged by the firm can be comprised of some blend of the following fee structures: asset-based, fixed, commission-based or performance-based. The company participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.


  • Offered by 75% 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 3% of firms


    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


    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


    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


    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.


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Types of Clients

Alliancebernstein L.P does business with a number of different customers. The firm 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 advisors, insurance companies, sovereign wealth funds and corporations. Out of its 46,175 clients, Alliancebernstein L.P's biggest client by number of accounts is high net worth investors, although 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 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of its accounts are represented by non-U.S. persons.

  • 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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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

Michael Woocher
Atlanta, GA
Michael Lear
New York, NY
Anthony Malizia
New York, NY
Nathaniel Bobeck
Seattle, WA
Michael Heneghan
Chicago, IL
Stephen West
Cleveland, OH
Ashley Velategui
Seattle, WA
Emily Neubert
Denver, CO
Dale Vernon
Beachwood, OH

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This content was compiled from the SEC and FINRA