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AllianceBernstein L.P.: investment adviser
AllianceBernstein L.P. is an investment adviser registered with the SEC (file 801-56720, CRD 108477). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $763.4B
- Discretionary
- 98%
- Accounts
- 75,956
- Employees
- 4,204
- In advisory roles
- 1,616
- Disclosures
- 4
SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| High net worth individuals | 25,513 | $77.3B | 10.1% |
| Registered funds | 158 | $208.2B | 27.3% |
| Private funds and other pooled vehicles | 412 | $215.3B | 28.2% |
| Pension and profit-sharing plans | 539 | $13.2B | 1.7% |
| Charities | 2,289 | $5.9B | 0.8% |
| State and local governments | 49 | $56.3B | 7.4% |
| Other advisers | 59 | $44.6B | 5.8% |
| Insurance companies | 35 | $114.3B | 15.0% |
| Sovereign wealth funds | 12 | $15.4B | 2.0% |
| Corporations | 1,219 | $12.8B | 1.7% |
How it is paid
- A percentage of assets under your management
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Commissions
- Performance-based fees
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Other: ASSET ALLOCATION
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| AllianceBernstein Holding L.P. | Company (U.S.) | Limited partner | C 25% to 50% | Oct 1999 | Yes | Yes |
| Alpha Units Holdings, Inc. | Company (U.S.) | Limited partner | C 25% to 50% | May 2018 | Yes | |
| Equitable Holdings, Inc. | Company (U.S.) | Limited partner | C 25% to 50% | May 2018 | Yes | Yes |
| Alpha Units Holdings II, Inc. | Company (U.S.) | Limited partner | B 10% to 25% | Jan 2016 | Yes |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Equitable Holdings, Inc. | Alpha Units Holdings II, Inc. Shareholder Corporation Shareholder | Company (U.S.) | E 75% or more | Yes | Yes |
| Equitable Holdings, Inc. | Alpha Units Holdings, Inc. Shareholder | Company (U.S.) | E 75% or more | Yes | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?
- Has any self-regulatory organization or commodities exchange ever: found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?
Disclosures filed elsewhere
The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.
- 1 regulatory action disclosure about AXA Equitable Life
- 1 regulatory action disclosure about Sanford C. Bernstein & Co.,
- 1 regulatory action disclosure about AXA Advisors, LLC
- 1 regulatory action disclosure about Planmember Securities
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
- Private Client Form ADV Brochure, Mar 30, 2026
- Institutional Form ADV Brochure, Mar 30, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.