Alliancebernstein L.P

CRD#108477
Investment Advisor Firm

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Overview

Alliancebernstein L.P is a financial advisory firm that has its headquarters in Nashville, Tennessee. Alliancebernstein L.P handles $582.4 billion in assets throughout 58,634 customer accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). Alliancebernstein L.P has a very large group, including 852 financial advisors. Alliancebernstein L.P does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as bonds, options and stocks.

Alliancebernstein L.P administers more than half of its accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes transaction choices for the client's account without needing to seek the customer's approval. The company also administers 56 non-discretionary accounts totaling $14.5 billion in AUM. The investment advisory firm manages about $9.9 million in assets for every client account. The average financial advisor at Alliancebernstein L.P administers around 69 client accounts, making it about average in terms of personalization.

The firm's central office is at 501 Commerce Street, Nashville, Tennessee 37203. The company is allowed to provide services to investors throughout 50 U.S. states and territories.

Assets Under Management

$582.4 billion

Number of Advisors

852

Disclosures

No

Office Location

501 Commerce Street
Nashville, TN 37203

Alliancebernstein L.P by the Numbers

Total Assets Under Management

$582.4 billion

National Average: $8.6 billion
Total Number of Employees

4,134

National Average: 64
Total Number of Accounts

58,634

National Average: 375,227
Average Account Size

$9.9 million

National Average: $23.0 thousand
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Products and Services

Alliancebernstein L.P offers a variety of services, which can consist of 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 financial year, it provided 34500 of its clients with financial planning services. It is not engaged in selling products or offering services other than investment advice to its investment advisory customers. The firm is affiliated with one or more other companies 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 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.

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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 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.

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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 for financial advice typically depend on the type of financial services offered. However, fees charged by the company most likely consist of some blend of the following fee types: asset-based, fixed, commission-based or performance-based. Alliancebernstein L.P participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive 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

Alliancebernstein L.P manages money for a number of different clients. Alliancebernstein L.P 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 58,634 clients, Alliancebernstein L.P's biggest client group by number of accounts is high net worth investors, though it also caters to 20,887 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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 the company's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 84.35%
  • Other Individuals - 0%
  • Corporations - 9.83%
  • Charitable Organizations - 5.82%

* 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

Ashley Jones
San Antonio, TX
Elizabeth Smith
Philadelphia, PA
Matthew Mclaughlin
Chicago, IL
Logan Marshall
Nashville, TN
Joseph Krofcheck
New York, NY
Audrey Jacobs
San Diego, CA
Ryan Smith
New York, NY
Richard Murray
New York, NY
Brett Sheely
New York, NY

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The content in this profile was updated by SmartAsset on 4/16/2023. 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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