AllianceBernstein Holding LP
NYSE:AB

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AllianceBernstein Holding LP Logo
AllianceBernstein Holding LP
NYSE:AB
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Price: 39.59 USD 0.76% Market Closed
Market Cap: 3.6B USD

AllianceBernstein Holding LP
Investor Relations

AllianceBernstein Holding LP, often simply referred to as AB, is a global investment management and research firm that has carved out a robust presence in the financial world. This New York City-based company thrives at the intersection of analysis and investment, strategically managing a broad array of assets including equities, fixed income, and alternative investments. It operates across a diverse range of clienteles, servicing institutional investors, high-net-worth individuals, and retail customers alike. AB's business model revolves around earning fees from the management of these assets; the more capital entrusted to their management, the more revenue they generate through advisory fees. This revenue model is inherently tied to their performance and trust built with clients — the better their funds perform, the more likely they are to attract and retain investments.

What sets AB apart is its profound emphasis on research as the backbone of its investment strategy. The company invests heavily in a globally integrated research platform, striving to gain actionable insights that drive smart investment decisions for clients. Their research teams delve deep into market conditions, economic indicators, and corporate fundamentals, enabling them to tailor investment strategies that align with client goals and market conditions. By coupling this with a strong client relationship framework, AB establishes itself not only as a trusted asset manager but as a partner in financial growth. This strategic dual approach of data-driven insights and client-centric service is the engine that propels the company's ongoing success in the dynamic world of global finance.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Record AUM: AllianceBernstein’s assets under management reached $860 billion, with Private Wealth hitting a record $153 billion.

Solid Earnings: Adjusted earnings per unit rose by 12% year-over-year to $0.86, accompanied by a 5% increase in net revenues.

Margin Expansion: Adjusted operating margin improved 209 basis points to 34.2%, surpassing the Investor Day target.

Positive Net Flows: Excluding outflows from a reinsurance transaction, firm-wide net flows were $1.7 billion positive, driven by tax-exempt fixed income and private alternatives.

Fee Guidance Raised: Full-year performance fee guidance was increased to $130–$155 million from $110–$130 million, reflecting stronger public and private market performance.

Expense Discipline: Non-compensation expense guidance lowered again for 2025 to $600–$610 million, thanks to cost containment.

Strong Private Markets Growth: Private markets platform AUM grew 17% year-over-year to nearly $80 billion, with a target of $90–$100 billion by 2027.

Strategic Insurance Partnerships: New collaborations with Fortitude and FCA Re expand the insurance asset management business, especially in Asia.

Key Financials
Assets Under Management
$860B
Bernstein Private Wealth AUM
$153B
Institutional AUM
$351B
Retail Platform AUM
$356B
Adjusted Earnings Per Unit
$0.86
Net Revenues
$885M
Adjusted Operating Income
$303M
Adjusted Operating Margin
34.2%
Performance Fees
$20M (Q3); $130M–$155M full year guidance
Non-Compensation Expenses
$582M (Q3); $437M YTD
Compensation Ratio
48.5%
Tax Rate
6%
Private Markets AUM
$80B
Tax-Exempt Fixed Income Inflows
$4B+ (Q3)
Custom Target Date AUM
$105B
Earnings Call Recording
Other Earnings Calls

Management

Mr. Seth Perry Bernstein
CEO, President & Director
No Bio Available
Mr. Karl K Sprules
Chief Operating Officer
No Bio Available
Mr. Mark Randall Manley J.D.
Senor VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Onur Erzan
Head of Global Client Group & Head of Private Wealth
No Bio Available
Ms. Jacqueline Marks
Chief Financial Officer
No Bio Available
Mr. Daniel J. Loewy C.F.A., CFA
Chief Investment Officer and Head of Multi-Asset & Hedge Fund Solutions
No Bio Available
Mr. Thomas Simeone
Senior VP, Controller & Chief Accounting Officer
No Bio Available
Mr. Mark C. Griffin CFA
Head of Investor Relations
No Bio Available
Mr. Kyle Christopher DiGangi
Global Chief Compliance Officer
No Bio Available
Mr. John Meyers
Director of Corporate Communications
No Bio Available

Contacts

Address
NEW YORK
New York City
1345 Avenue of the Americas
Contacts
+12129691000.0