October 20, 2017 4:13 AM ET

Capital Markets

Company Overview of AllianceBernstein L.P.

Company Overview

AllianceBernstein L.P. is a privately owned investment manager. The firm also provides independent research, portfolio strategy, and brokerage-related services to institutional investors. It primarily provides its services to high net worth individuals. The firm also caters to individuals, banking or thrift institutions, investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, corporations, state or municipal government entities, insurance companies, foreign government agencies, and other investment advisers. It manages separate client focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed i...

1345 Avenue of the Americas

New York, NY 10105

United States

Founded in 1971

3,438 Employees

Phone:

212 486 5800

Fax:

212-969-2293

Key Executives for AllianceBernstein L.P.

President & CEO
Age: 56
Chief Financial Officer
Age: 57
Chief Operating Officer
Age: 58
Chief Investment Officer
Senior Vice President and Head of Investor Relations and Corporate Communications
Compensation as of Fiscal Year 2017.

AllianceBernstein L.P. Key Developments

AllianceBernstein L.P. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2017

AllianceBernstein L.P. reported unaudited consolidated earnings results for the second quarter ended June 30, 2017. For the quarter, the company’s total net revenues were USD 802,313,000 as compared to USD 725,806,000 a year ago, due to higher investment advisory fees, investment gains, dividend and interest income and distribution revenues, partially offset by lower Bernstein Research revenues. Operating income was USD 162,537,000 as compared to USD 142,575,000 a year ago. Net income attributable to the company's unitholders was USD 135,103,000 as compared to USD 124,501 a year ago. Diluted net income per unit was USD 0.43 compared to USD 0.40 a year ago. Adjusted net revenues were USD 649,541,000 as compared to USD 603,899,000 a year ago, due to higher investment advisory fees, partially offset by lower Bernstein Research revenues and higher net distribution expense. Sequentially, adjusted net revenues were up 4%, driven by higher investment advisory fees, partially offset by slight investment losses compared to investment gains during the prior quarter, lower Bernstein Research revenues and higher net distribution expense. Adjusted operating income was USD 162,326,000 as compared to USD 134,816,000 a year ago. Adjusted diluted net income per unit was USD 0.49 was up from USD 0.39 a year ago.

AllianceBernstein Holding L.P., AllianceBernstein L.P., Q2 2017 Earnings Call, Jul 27, 2017

AllianceBernstein Holding L.P., AllianceBernstein L.P., Q2 2017 Earnings Call, Jul 27, 2017

AllianceBernstein L.P. to Report Q2, 2017 Results on Jul 27, 2017

AllianceBernstein L.P. announced that they will report Q2, 2017 results at 9:00 AM, Eastern Standard Time on Jul 27, 2017

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