- July 12, 2021
- Posted by: Stratford Team
- Category: Business
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Seth Bernstein, CEO of AllianceBernstein
Martin B. Cherry/Nashville Business Journal
AllianceBernstein Holding’s
low-profile private wealth management business is one of the asset manager’s most valuable units and operates differently from those at firms like
Morgan Stanley
and
JPMorgan Chase.
The private wealth business, which had $110 billion of assets under management at the end of the first quarter, increasingly caters to what the Alliance Bernstein describes as “ultra-high-net worth” clients and uses a significant amount of proprietary financial products including alternatives with clients generally giving their financial advisors…
