History and Acquisitions - AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967. - Sanford C. Bernstein & Company was co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog, and Lewis A. Sanders. - Alliance Capital was founded in 1971 through a merger with Donaldson, Lufkin & Jenrette, Inc. and Moodys Investor Services, Inc. - In October 2000, Alliance Capital acquired Sanford C. Bernstein. - In 2015, AllianceBernstein announced a new brand name (AB) and logo. - In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. - In March 2022, AllianceBernstein acquired the Minneapolis-headquartered CarVal Investors.
Financial Performance - By the end of 2007, AllianceBernstein had approximately US$800 billion assets under management. - As of 2023, AllianceBernstein is 64 percent owned by Equitable Holdings.
Recent Developments and Partnerships - In 2018, AllianceBernstein announced the move of their global headquarters from New York City to Nashville. - In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences. - 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 OBryan Center. - In mid-August 2021, AllianceBernstein entered a strategic partnership with LSV Advisors, LLC.
Organization and Services - AllianceBernstein has its global headquarters in Nashville, Tennessee. - It has offices in 46 locations across 22 countries. - AllianceBernstein provides investment services for institutions, including defined benefit pension plans and defined contribution plans. - The retail part of AllianceBernstein offers investments, research, and tools for financial professionals and individual investors. - Sell-side research and brokerage services are provided by subsidiary Sanford C. Bernstein.
Related Information - Group Retirement Plan - Individual Retirement Account - Mutual fund - Standard & Poor's - 10-K Form 2022, U.S. Securities and Exchange Commission