Alliancebernstein L.P

CRD#108477
Investment Advisor Firm

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Overview

Alliancebernstein L.P operates as a financial advisory company located in Nashville, Tennessee. The company controls $721.8 billion in assets under management over 49,955 client accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). Alliancebernstein L.P has a very large group, including 1,476 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 is required to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as stocks, bonds and options.

Alliancebernstein L.P manages most of its client assets on a discretionary basis. Discretionary management means that buy and sell decisions are made by a portfolio manager without requiring client approval. The company also has 60 non-discretionary accounts with a total of $20.7 billion in assets. The advisory firm's average account size is $14.5 million. An average advisor at Alliancebernstein L.P administers about 34 client accounts, placing it towards the middle in terms of personalization.

The company's central office is located at 501 Commerce Street, Nashville, Tennessee 37203. The company is registered to serve clients across 50 U.S. states and territories.

Assets Under Management

$721.8 billion

Number of Advisors

1,476

Disclosures

No

Office Location

501 Commerce Street
Nashville, TN 37203

Alliancebernstein L.P by the Numbers

Total Assets Under Management

$721.8 billion

National Average: $9.0 billion
Total Number of Employees

4,004

National Average: 71,771
Total Number of Accounts

49,955

National Average: 4,329
Average Account Size

$14.4 million

National Average: $2.1 million

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Products and Services

Alliancebernstein L.P offers a variety of financial 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 financial year, it provided 33500 of its accounts with financial planning services. Alliancebernstein L.P does not sell products or offer services other than investment advisory services to its investment advisory accounts. The firm is also 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 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 47% 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 21% 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

Financial advisory fees depend on which services are offered. Fee types charged by the company most likely include some blend of the following fee structures: asset-based, fixed, commission-based or performance-based. The company does participate in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 70% 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 33% 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 works with a number of different customers. Alliancebernstein L.P caters 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 49,955 customers, Alliancebernstein L.P's largest client by number of accounts is high net worth investors, though it also caters to 20,157 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $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 customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 84.49%
  • Other Individuals - 0%
  • Corporations - 9.89%
  • Charitable Organizations - 5.61%

* 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

Rian Spencer
Chicago, IL
Ashley Jones
San Antonio, TX
Dayne Crist
Los Angeles, CA
Zachary Harris
Houston, TX
Rohith Eggidi
New York, NY
Tyler Sills
Nashville, TN
Keith Zemsky
New York, NY
Melissa Robbins
New York, NY
Jonathan Kobets
Nashville, TN

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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