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AllianceBernstein

AllianceBernstein Parent Rating

Average

AB remains focused on areas where it can build a sustainable advantage amid the pressure on active management, but adaptations have yet to quell long-held concerns.

It earns an Average Parent rating.

AB, which had $742 billion in assets and 4,050 employees as of September 2021, is in the midst of moving its sales and back-office operations to Nashville, Tennessee, by 2024, with 1,250 roles slated to move. As of late-2021, there were 930 staff in the city. AB's investment staff will remain in New York, though some have volunteered to relocate. While AB continues to cut costs, it also seeks to invest in areas such as alternatives, private wealth management, technology, and environmental, social, and governance. Despite the headwinds to active management, AB has seen positive open-end flows in recent years.

AB's fixed-income platform remains an area of strength and has seen some notable tech innovations such as Alfa (a liquidity platform) and Abbie (a virtual bond trading assistant), though it's harder to point to the collective strengths of the equity division's group of boutique-like teams. Departures remain elevated; the firm abruptly announced the departure of seven fixed-income portfolio managers and economists in October 2021 as part of a revamp to focus on ESG and tech initiatives. Still, the depth of investment teams remains largely intact because of promotions and external hires.

AllianceBernstein Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

114.50 Bil

Investment Flows (TTM)

−143.38 Mil

Asset Growth Rate (TTM)

−0.14%

# of Share Classes

276
Morningstar Rating # of Share Classes
26
71
86
66
25
Not Rated 2

Exchange-Traded Funds

See All AllianceBernstein ETFs

Market

US ETFs

Total Net Assets

2.55 Bil

Investment Flows (TTM)

1.76 Bil

Asset Growth Rate (TTM)

348.04%

# of Share Classes

12
Morningstar Rating # of Share Classes
0
1
0
0
0
Not Rated 11

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