ALLIANCEBERNSTEIN L.P.

AllianceBernstein can be traced back to 1967 and 1971, when the two companies that make up the firm today were created. Sanford C. Bernstein, the name of the company as well as the founder, was created in 1967 as a private securities firm. Alliance Capital was founded in 1971 through the merger that occurred with the investment management sector of Donaldson, Lufkin & Jenrette, Inc. and the investment advisory division of Moody’s Investors Service, Inc. When Sanford C, Bernstein and Alliance Capital merged in 2000, the current AllianceBernstein would be created. This merger would be a synergetic acquisition that would allow the new company to utilize both “Alliance Capital’s expertise in growth equity as well as corporate fixed-income investing, and its family of retail mutual funds” and “Bernstein’s expertise in value equity and tax-exempt fixed-income management, as well as its private client business.” AllianceBernstein is related to both the French Insurance and Investment Bank AXA and AllianceBernstein Holding, with the former owning an approximate two-thirds of the company and the holding company owning the latter third. AllianceBernstein’s global headquarters are in New York city and the company has 46 locations worldwide in 22 countries. With over 3500 employees, the company is now approaching half a trillion in assets under management. Institutional assets make up about half of its total assets under management, with AllianceBernstein providing investment services and solutions for institutions across the globe. The retail distributions sector of the company, which focuses more on financial and individual investors, provide a variety of solutions and research tools that cover mutual funds, retirement saving, managed accounts, and insurance services, among others. AllianceBernstein also has subsidiaries such as Bernstein Wealth Management and Bernstein Research that provide investment and wealth planning services for high net worth clients and perform sell-side research and brokerage services, respectively.