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At a Glance


Good pay and perks


Uneven management

The Buzz

"Great Reputation"


"Strong Research"


About AllianceBernstein L.P.

A marriage made in New York

New York-based AllianceBernstein is an investment management firm with approximately $500 billion in assets under management. Out of more than 50 offices across the globe, the firm serves a wide range of clients, including pension funds, endowment funds, foundations, governments, banks, insurance companies, employee benefit plans, trusts and estates, and high-net-worth individuals. Its products and services include investment research, portfolio strategy, brokerage services, mutual funds, hedge funds, investment trusts, and equity underwriting.

The firm's name comes from two entities: Alliance Capital, founded in 1971 as the investment management unit of prestigious investment bank Donaldson, Lufkin & Jenrette (DLJ); and Sanford C. Bernstein, a private client-focused investment firm founded in 1967. The two firms came together in 2000 when Alliance Capital bought Sanford C. Bernstein, and in 2006, the combined firm changed its name from Alliance Capital Management to AllianceBernstein (and traded its NYSE symbol AC for AB). During late 2007 and 2008, the firm took a major hit due to the financial crisis. Its assets under management plummeted from a high of $837 billion in October 2007 to $462 billion at the close of 2008. Just before the end of that year, the firm's longtime CEO Lewis Sanders was succeeded by a longtime Goldman Sachs money manager and banker named Peter Kraus. Since taking over as CEO, Kraus, who upon joining AllianceCapital was given grants worth $52 million, has modestly raised the firm's assets under management to $485 billion as of May 2011.


AllianceBernstein L.P.

1345 Avenue of the Americas
New York, NY 10105
Phone: (212) 486-5800

Firm Stats

Employer Type: Public
Stock Symbol: AB
Stock Exchange: NYSE
Chairman & CEO: Peter S. Kraus
2011 Employees (All Locations): 4,256

Major Office Locations

New York, NY