AllianceBernstein

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 Nashville, Tennessee; the firm also has locations throughout the world. It has approximately  in assets under management .

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 by Zalman 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.

2000–2020 
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.

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

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

In 2018, AllianceBernstein announced the move of their global headquarters from New York City to Nashville, while also having an office remaining in Midtown in New York City.

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

In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million.

2021–present 
In April 2021, AllianceBernstein moved to a new headquarters in Nashville, Tennessee. In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center.

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..

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

Organization 
AllianceBernstein is 64 percent owned by Equitable Holdings. Its global headquarters are located in Nashville, Tennessee at the Fifth and Broadway development. AllianceBernstein has offices in 46 locations across 22 countries.

AllianceBernstein provides investment services for institutions. 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. The retail part of AllianceBernstein provides financial professionals and individual investors with investments, research and tools that cover mutual funds, managed accounts, college and retirement saving, and insurance services.

Sell-side research and brokerage services are provided by wholly-owned subsidiary Sanford C. Bernstein, also known as Bernstein Research. Bernstein Wealth Management, part of AllianceBernstein, provides investment and wealth-planning services for high-net-worth clients in the Americas.

Rhode Island's 529 savings plan, CollegeBoundfund, was managed by AllianceBernstein and featured AllianceBernstein mutual funds until 2016.

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

References

External links 

Financial services companies established in 1967
Companies listed on the New York Stock Exchange
Investment management companies of the United States
Companies based in Nashville, Tennessee
American companies established in 1967
1980s initial public offerings