AllianceBernstein
|
Logo used since 2015
|
|
| Publicly traded partnership | |
| Traded as | NYSE: AB |
| Industry | Asset Management |
| Founded | 1967 |
| Headquarters | 1345 Avenue of the Americas New York, New York, U.S. |
|
Area served
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Worldwide |
|
Key people
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Peter S. Kraus, Chairman & CEO, Jim Gingrich, Chief Operating Officer |
| Products | Asset management, Mutual funds, Sell-side research, private wealth management |
|
Number of employees
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3,450 |
| Parent | AXA |
| Website | AB |
AllianceBernstein L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.
AB is based in New York, U.S.A. It has approximately US$474 billion in assets under management as of December 31, 2014.[1] It is a subsidiary of the French insurance conglomerate, AXA.[2]
Contents
History
Origins
AB 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, Shepard D. Osherow, Roger Hertog,and Lewis Sanders.[3]
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.[4] 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.
2015 onwards
On January 20, 2015, AllianceBernstein announced a new brand name, "AB" and logo.[5]
Organization
Institutional Investment Management
AB provides investment services and solutions for institutions across the globe. Typical clients include Defined benefit pension plans and Defined contribution plans. As of December 31, 2014 Institutional Assets under management were US$237 Billion.[6]
Retail Distribution
The retail part of AB 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.[7]
Sell-side Research
Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein. It is also well known as Bernstein Research.[8]
Private Wealth Management
Bernstein Wealth Management, part of AB, provides investment and wealth-planning services for high-net-worth clients in the Americas[9]
529 Savings Plan
Rhode Island’s 529 savings plan, CollegeBoundfund®, is managed by AB and features AB mutual funds.[10]
Headquarters and locations
AB's global headquarters are located in New York City at 1345 Avenue of the Americas. AB has offices in 46 locations across 22 countries.[11]
Ownership
According to Form 8-K report, as of Jan 29, 2015,[12] the French Insurance and Investment Bank AXA owned an approximate 62.7% economic interest in AB.
See also
References
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- ↑ AllianceBernstein Holding LP, New York Times, June 3, 2015
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- ↑ http://www.prnewswire.com/news-releases/alliancebernstein-launches-new-branding-initiative-300022339.html
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