Sanford C. Bernstein & Co., LLC

CRD#104474
Investment Advisor Firm

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Learn more about Sanford C. Bernstein & Co., LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Sanford C. Bernstein & Co., LLC is located at 1345 Avenue Of The Americas, New York, NY. The firm employs financial advisors to manage client portfolios and provide financial guidance. Sanford C. Bernstein & Co., LLC is a registered broker-dealer.

    Sanford C. Bernstein & Co., LLC oversees $3.7 billion in assets under management across 33 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 101 and 250 clients. The services offered include portfolio management for pooled investment vehicles. The firm caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, and insurance companies, with high net worth investors being the largest client type by accounts. The fee structure at Sanford C. Bernstein & Co., LLC includes asset-based, fixed, commission-based, performance-based, and other fees. The firm has 9 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, trust company, insurance company or agency, and commodity pool advisor.

    Sanford C. Bernstein & Co., LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.

    Assets Under Management

    $3.7 billion

    Disclosures

    No

    Office Location

    1345 Avenue Of The Americas
    New York, NY 10105

    Sanford C. Bernstein & Co., LLC by the Numbers

    Total Assets Under Management

    $3.7 billion

    National Average: $8.6 billion
    Total Number of Accounts

    33

    National Average: 375,227
    Average Account Size

    $112.3 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees usually vary depending on which services the firm provides the client. Fees charged by Sanford C. Bernstein & Co., LLC most likely include some combination of the following fee structures: asset-based, fixed, commission-based, performance-based, or other.

    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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      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.

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    Types of Clients

    The firm manages money for a number of different customers. The company provides services to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, and insurance companies. Out of its 6 clients, Sanford C. Bernstein & Co., LLC's biggest client group by number of accounts is pooled investment vehicles, although it also manages money for 9 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 36%
    • Other Individuals - 0%
    • Corporations - 52%
    • Charitable Organizations - 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

    Sanford C. Bernstein & Co., LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Sanford C. Bernstein & Co., LLC

    Jared Miller
    Chicago, IL
    Blake Patterson
    Nashville, TN
    Christopher Hoke
    Philadelphia, PA
    Clare Golla
    Chicago, IL

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