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AllianceBernstein

From Wikipedia, the free encyclopedia
American asset management firm

AllianceBernstein Holding L.P.
Headquarters at 501 Commerce inNashville, Tennessee
Company typePublicsubsidiary
NYSEAB
IndustryAsset management
Founded1967; 59 years ago (1967)
Founders
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
AUMIncreaseUS$867 billion (2025)
Number of employees
4,856 (2025)
ParentEquitable Holdings (69%) (2025)
Websitealliancebernstein.com
Footnotes / references
[2]

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

AllianceBernstein's headquarters is located inNashville, Tennessee; the firm also has locations throughout the world. It has approximatelyUS$867 billion inassets under management as of 31 December 2025[update].[3]

History

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Origins

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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 andLewis A Sanders to form Sanford C. Bernstein & Company.[4]

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

2000–2020

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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.

On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo.[7]

AllianceBernstein andFidelity Investments took control of supermarketWinn-Dixie's parent company during the latter's 2018 bankruptcy.[8]

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.[9][10]

In 2019, AllianceBernstein partnered withColumbia University to provide training courses on sustainability and environmental sciences to its staff of investors.[11][12]

In 2019, AllianceBernstein was flagged by theBoycott, Divestment and Sanctions movement as a subsidiary ofAXA through which the French insurance group maintained indirect investments inElbit Systems and Israeli banks despite a partial divestment by the parent company.[13]

In June 2020, AllianceBernstein acquiredinvestment-management firm AnchorPath for $400 million.[14]

2021–present

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In April 2021, AllianceBernstein moved to its new headquarters inNashville, Tennessee.[15][16] 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.[17]

In mid-August 2021, AllianceBernstein disclosed that it had entered astrategic partnership with LSV Advisors, LLC, in which AB would become the exclusive private wealth partner for LSV.[18]

In March 2022, it was announced that AllianceBernstein had acquired theMinneapolis-headquartered CarVal Investors – a global private alternatives investment manager.[19][20]

See also

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References

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  1. ^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.
  3. ^"AB Announces December 31, 2025 Assets Under Management".{{cite web}}: CS1 maint: url-status (link)
  4. ^"Shepard D. Osherow, Co-Founder Sanford C. Bernstein and Company".yourcompanyswebsite.com. Archived fromthe original on December 23, 2015. RetrievedDecember 23, 2015.
  5. ^"Our History".AB. RetrievedMarch 16, 2020.
  6. ^"Alliance Capital to Buy Sanford C. Bernstein".Los Angeles Times. June 21, 2000.
  7. ^"AllianceBernstein Launches New Branding Initiative".www.prnewswire.com (Press release).
  8. ^"Fidelity, AllianceBernstein Reap Payday After Winn-Dixie Rescue".Bloomberg.com. August 9, 2021. RetrievedSeptember 11, 2021.
  9. ^Cheng, Evelyn (May 2, 2018)."An old Wall Street money manager with $500 billion is moving to Nashville from Manhattan to save money".CNBC. RetrievedMay 11, 2022.
  10. ^Massa, Annie (May 11, 2022)."What Happened When a Wall Street Investment Giant Moved to Nashville".Bloomberg Businessweek. RetrievedMay 11, 2022.
  11. ^Nauman, Billy (September 11, 2019)."AllianceBernstein sends staff to climate school".www.ft.com.Archived from the original on September 14, 2019. RetrievedSeptember 11, 2021.
  12. ^Dunstan, Michelle; Sachs, Lisa; Lerner-Lam, Art (August 16, 2021)."The World Is Starting to Pivot on Climate. It's Not Enough".www.barrons.com. RetrievedAugust 4, 2025.
  13. ^"France investment firm AXA IM divests from Israel arms manufacturer". Middle East Monitor.
  14. ^"AllianceBernstein acquires investment manager AnchorPath".www.spglobal.com. RetrievedMay 17, 2021.
  15. ^Stinnett, Joel (April 29, 2021)."AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters".Nashville Business Journal. RetrievedJune 4, 2021.
  16. ^Stinnett, Joel (April 29, 2021)."AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters".www.bizjournals.com.Archived from the original on April 29, 2021. RetrievedSeptember 11, 2021.
  17. ^"Of Note: AllianceBernstein gifts O'Bryan Center $100K".Nashville Post. September 10, 2021. RetrievedSeptember 11, 2021.
  18. ^"AllianceBernstein Forms Partnership with LSV Advisors for Firm's Private Wealth Business - SWFI".www.swfinstitute.org. RetrievedSeptember 11, 2021.
  19. ^"AllianceBernstein to acquire global private alternatives manager CarVal Investors".funds-europe.com. March 17, 2022. RetrievedMarch 17, 2022.
  20. ^"AllianceBernstein Buys CarVal Investors for $750 Million - SWFI".www.swfinstitute.org. RetrievedAugust 30, 2023.

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