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Learn more about Alliancebernstein L.P
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.
Assets Under Management
Number of Advisors
Alliancebernstein L.P by the Numbers
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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
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.
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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This is the hosting of seminars or workshops to educate investors on financial concepts.
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 AssetsShow 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
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
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
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 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.
Find one of the 37% of firms that offer this fee type
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Find one of the 12% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
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 has disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Alliancebernstein L.P
New York, NY
New York, NY
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