Quick Facts
Biography
AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.
AllianceBernstein's headquarters are located in New York, NY in the United States, as well as having locations throughout the world. It has approximately US$546 billion in assets under management as of August 10, 2018. It is 64 percent owned by AXA Equitable, the US company majority owned by the French insurance conglomerate AXA.
History
Origins
AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. Sanford C. Bernstein & Company was originally co-founded byZalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. Sanders.
Alliance Capital was founded in 1971 when the investment-management department of Donaldson, Lufkin & Jenrette, Inc. merged with the investment-advisory business of Moody's Investor Services, Inc.
2000–2015
In October 2000, Alliance Capital acquired Sanford C. Bernstein. Alliance Capital's growth equity and corporate fixed-income investing, and its family of retail mutual funds, accompanied Bernstein's value equity and tax-exempt fixed-income management and its private-client business.
It had approximately US$800 billion assets under management as of the end of 2007.
2015
On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo.
2018
In February 2018, a senior research analyst of the firm, Paul Gait, defined the Democratic Republic of Congo (DRC)– a country rich in cobalt, which is essential to the lithium-ion batteries that drive electric vehicles –as economically "the Saudi Arabia of the electric vehicle age."
Organization
Institutional investment management
AllianceBernstein provides investment services and solutions for institutions across the globe. Typical clients include Defined benefit pension plans and Defined contribution plans. It has approximately US$498 billion in assets under management as of June 30, 2017. It is 64 percent owned by the French insurance conglomerate, AXA.
Retail distribution
The retail part of AllianceBernstein provides financial professionals and individual investors with the investment solutions, research, insights and tools that cover mutual funds, Managed Accounts, College Saving, Retirement Saving, and Insurance Services.
Sell-side research
Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein, also known as Bernstein Research.
Private wealth management
Bernstein Wealth Management, part of AllianceBernstein, provides investment and wealth-planning services for high-net-worth clients in the Americas
529 savings plan
Rhode Island's 529 savings plan, CollegeBoundfund®, was managed by AllianceBernstein and featured AllianceBernstein mutual funds until 2016. It is now administered by Ascensus College Savings.
Headquarters and locations
AllianceBernstein's global headquarters are located in New York City at 1345 Avenue of the Americas, New York, NY 10105.AllianceBernstein has offices in 46 locations across 22 countries.
Ownership
According to its Form 8-K report as of Jan 29, 2015, the French Insurance and Investment Bank AXA owned an approximate 64% economic interest in AllianceBernstein.