Traded as NYSE: AB Area served Worldwide Founded October 2000 | Industry Asset Management Number of employees 3,450 Parent organizations AXA, AXA Financial | |
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Type Publicly traded partnership Key people Peter S. Kraus, Chairman & CEO,
Jim Gingrich, Chief Operating Officer Products Asset management, Mutual funds, Sell-side research, private wealth management Headquarters New York City, New York, United States CEO Peter S. Kraus (19 Dec 2008–) Subsidiaries AllianceBernstein Hong Kong Limited | ||
Analyst insight alliancebernstein holding lp s target price cut by citigroup inc ab c
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.
Contents
- Analyst insight alliancebernstein holding lp s target price cut by citigroup inc ab c
- Shah says alliancebernstein is taking defensive strategy
- Origins
- 20002015
- 2015 onwards
- Institutional Investment Management
- Retail Distribution
- Sell side Research
- Private Wealth Management
- 529 Savings Plan
- Headquarters and locations
- Ownership
- References
AB is based in New York City, U.S.A. It has approximately US$490 billion in assets under management as of December 31, 2014. It is a subsidiary of the French insurance conglomerate, AXA.
Shah says alliancebernstein is taking defensive strategy
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, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog,and Lewis 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.
2015 onwards
On January 20, 2015, AllianceBernstein announced a new brand name, "AB" and logo.
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.
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.
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.
Private Wealth Management
Bernstein Wealth Management, part of AB, 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 AB and featured AB mutual funds until 2016. It is now administered by Ascensus College Savings.
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.
Ownership
According to Form 8-K report, as of Jan 29, 2015, the French Insurance and Investment Bank AXA owned an approximate 62.7% economic interest in AB.