Company:AllianceBernstein

From HandWiki
AllianceBernstein Holding L.P.
TypePublic subsidiary
NYSE: AB
IndustryAsset management
Founded1967; 59 years ago (1967)
Founders
  • Sanford C. Bernstein[1]
HeadquartersNashville, Tennessee, U.S.
Area served
Worldwide
Key people
Seth Bernstein (CEO)
Joan Lamm-Tennant (chair)
Karl Sprules (COO)
Tom Simeone (CFO)
ProductsAsset management, Mutual funds, Sell-side research, private wealth management
AUMIncrease US$867 billion (2025)
Number of employees
4,856 (2025)
ParentEquitable Holdings (69%) (2025)
Websitealliancebernstein.com
Footnotes / references
[2]

AllianceBernstein Holding L.P. (AB) is an American asset-management firm providing investment-management and research services worldwide to institutional, high-net-worth and retail investors.

AllianceBernstein's headquarters is located in Nashville, Tennessee; the firm also has locations throughout the world. It has approximately US$867 billion in assets under management as of 31 December 2025.[3]

History

Origins

AllianceBernstein traces its origins back to Sanford C. Bernstein and the founding of his eponymous private investment firm in 1967. Later in 1968, Bernstein partnered with Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A Sanders to form Sanford C. Bernstein & Company.[4]

Alliance Capital was founded in 1971 when the investment-management department of Donaldson, Lufkin & Jenrette merged with the investment-advisory business of Moody's Investor Services.[5]

2000–2020

In 2000, Alliance Capital acquired Sanford C. Bernstein.[6] Alliance Capital's growth equity and corporate fixed-income investing, and its family of retail mutual funds, complemented Bernstein's value equity and tax-exempt fixed-income management and its private-client business.

In 2003, Alliance was charged with allowing improper trading in its mutual funds as part of the 2003 mutual fund scandal.[7] Two executives were forced to leave the firm and Alliance settled with the SEC and NY attorney general Eliot Spitzer for a total of $600 million in restitution, penalties and reduced fees.[8][9][10]

On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo.[11]

AllianceBernstein and Fidelity Investments took control of supermarket Winn-Dixie's parent company during the latter's 2018 bankruptcy.[12]

In 2018, AllianceBernstein announced that it would move its global headquarters from New York City to Nashville, but still maintain a presence in New York City.[13][14]

In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors.[15][16]

In 2019, AllianceBernstein was flagged by the Boycott, Divestment and Sanctions movement as a subsidiary of AXA through which the French insurance group maintained indirect investments in Elbit Systems and Israeli banks despite a partial divestment by the parent company.[17]

In June 2020, AllianceBernstein acquired investment-management firm AnchorPath for $400 million.[18]

2021–present

In April 2021, AllianceBernstein moved to its new headquarters in Nashville, Tennessee.[19][20] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center, a non-profit which helps individuals experiencing poverty, transform their lives through work, education, employment and fellowship.[21]

In mid-August 2021, AllianceBernstein disclosed that it had entered a strategic partnership with LSV Advisors, LLC, in which AB would become the exclusive private wealth partner for LSV.[22]

In March 2022, it was announced that AllianceBernstein had acquired the Minneapolis-headquartered CarVal Investors – a global private alternatives investment manager.[23][24]

See also

  • Group Retirement Plan
  • Individual Retirement Account
  • Mutual fund
  • Standard & Poor's

References

  1. ↑ "History of AllianceBernstien". https://www.alliancebernstein.com/corporate/en/home/our-history.html. 
  2. ↑ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 14, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/825313/000082531325000014/ab-20241231.htm. 
  3. ↑ "AB Announces December 31, 2025 Assets Under Management". https://alliancebernsteinholdinglp.gcs-web.com/news-releases/news-release-details/ab-announces-december-31-2025-assets-under-management. 
  4. ↑ "Shepard D. Osherow, Co-Founder Sanford C. Bernstein and Company". http://yourcompanyswebsite.com/live-sheposherow/sheps-story.html. 
  5. ↑ "Our History" (in en). https://www.alliancebernstein.com/. 
  6. ↑ "Alliance Capital to Buy Sanford C. Bernstein". June 21, 2000. https://www.latimes.com/archives/la-xpm-2000-jun-21-fi-43150-story.html. 
  7. ↑ Goldstein, Matthew (November 6, 2003). "SEC Plans Civil Charges Against Alliance Capital". TheStreet. https://www.thestreet.com/markets/sec-plans-civil-charges-against-alliance-capital-10125005. 
  8. ↑ "Alliance agrees to $600 million settlement" (in en). 2003-12-19. https://www.nbcnews.com/id/wbna3757019. 
  9. ↑ Atlas, Riva D. (2003-12-17). "In Settlement, Alliance Agrees to Cut Fees" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2003/12/17/business/in-settlement-alliance-agrees-to-cut-fees.html. 
  10. ↑ Press, Associated (2003-11-11). "2 top Alliance Capital executives ousted" (in en). https://www.nhregister.com/news/article/2-top-Alliance-Capital-executives-ousted-11688102.php. 
  11. ↑ "AllianceBernstein Launches New Branding Initiative". www.prnewswire.com (Press release). Archived from the original on May 11, 2022. Retrieved May 11, 2022.
  12. ↑ "Fidelity, AllianceBernstein Reap Payday After Winn-Dixie Rescue" (in en). Bloomberg.com. August 9, 2021. https://www.bloomberg.com/news/articles/2021-08-09/winn-dixie-rescue-pays-off-for-fidelity-and-alliancebernstein. 
  13. ↑ Cheng, Evelyn (May 2, 2018). "An old Wall Street money manager with $500 billion is moving to Nashville from Manhattan to save money" (in en). CNBC. https://www.cnbc.com/2018/05/02/alliancebernstein-is-moving-to-nashville-from-manhattan-to-save-money.html. 
  14. ↑ Massa, Annie (May 11, 2022). "What Happened When a Wall Street Investment Giant Moved to Nashville" (in en). Bloomberg Businessweek. https://www.bloomberg.com/news/articles/2022-05-11/moving-to-nashville-yields-mixed-bag-for-wall-street-giant. 
  15. ↑ Nauman, Billy (September 11, 2019). "AllianceBernstein sends staff to climate school". https://www.ft.com/content/dcc26620-d352-11e9-a0bd-ab8ec6435630. 
  16. ↑ Dunstan, Michelle; Sachs, Lisa; Lerner-Lam, Art (2021-08-16). "The World Is Starting to Pivot on Climate. It's Not Enough.". https://www.barrons.com/articles/the-world-is-starting-to-pivot-on-climate-its-not-enough-51628898466. 
  17. ↑ "France investment firm AXA IM divests from Israel arms manufacturer". Middle East Monitor. https://www.middleeastmonitor.com/20190418-france-insurance-firm-axa-divests-from-israel-arms-manufacturer/. 
  18. ↑ "AllianceBernstein acquires investment manager AnchorPath" (in en-us). https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/alliancebernstein-acquires-investment-manager-anchorpath-59085086. 
  19. ↑ Stinnett, Joel (April 29, 2021). "AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters". Nashville Business Journal. https://www.bizjournals.com/nashville/news/2021/04/29/alliancebernstein-to-move-into-new-hq.html. 
  20. ↑ Stinnett, Joel (April 29, 2021). "AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters". https://www.bizjournals.com/nashville/news/2021/04/29/alliancebernstein-to-move-into-new-hq.html. 
  21. ↑ "Of Note: AllianceBernstein gifts O'Bryan Center $100K" (in en). September 10, 2021. https://www.nashvillepost.com/business/nonprofits/of-note-alliancebernstein-gifts-o-bryan-center-100k/article_858fb88e-11b3-11ec-95cc-4bba4037d7ad.html. 
  22. ↑ "AllianceBernstein Forms Partnership with LSV Advisors for Firm's Private Wealth Business - SWFI". https://www.swfinstitute.org/news/88115/alliancebernstein-forms-partnership-with-lsv-advisors-for-firms-private-wealth-business. 
  23. ↑ "AllianceBernstein to acquire global private alternatives manager CarVal Investors" (in en). March 17, 2022. https://funds-europe.com/alliancebernstein-acquires-carval-for-750m/. 
  24. ↑ "AllianceBernstein Buys CarVal Investors for $750 Million - SWFI". https://www.swfinstitute.org/news/91796/alliancebernstein-buys-carval-investors-for-750-million. 

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