Bernstein Private Wealth Management Review: Industry Defining Service

The company we’re reviewing today is a branch called Alliance Bernstein Private Wealth Management, a part of an  investment market powerhouse. This particular branch is specialized in providing private wealth management services.

Operating for nearly 30 years now, the company has indisputably firm regulation and high quality of service. Learn more about this industry giant in our Bernstein Private Wealth Management review.

Who is AllianceBernstein?

The company we see today is a result of a corporate acquisition of Sanford C. Bernstein (est. 1967) by Alliance Capital (est. 1971). The acquisition was completed in 2000, with each of the companies already having become industry leaders.

The emergent AllianceBernstein was rebranded in 2015, sporting a new “AB” logo. Currently, the majority of company shares is owned by Fidelity Investments. At the moment, AB is headquartered in Nashville, Tennessee. Bernstein Private Wealth Management family offices are present in 56 cities across 26 nations, and employ over 4,000 people.

Such a vibrant and complex corporate history is only matched by the company’s undeniably firm regulation. All of the company branches are authorized by the SEC and registered with FINRA. In the UK, the company is regulated by the FCA.

Core Values, Characteristics and Services

With the flexible approach to addressing their customers’ needs, the company claims to strive to choose the best internal and external managers that oversee their users’ portfolios. 

Experienced company staff believe that progress is built on forming stable partnerships with customers and matching their investment expectations and needs as well as possible. Personalized approach and research play a key role to building the right action plan. 

Private Wealth clients are obligated to have at least $1 million for starting an investment journey that involves fixed income, passive management, and similar actions. Fees for the Bernstein Wealth Management services range from 0.65% to 1.25%.

Family Wealth Planning

The company employs the Family Engagement Institute which has a purpose to help clients explore and learn about investment values and knowledge. 

Dedicated professionals work with multiple families to better plan and execute best wealth managing plans. Their purpose is to empower the upcoming generation but also preserve the family core values.

Wealth Strategy Creation

Each client has different expectations and goals when it comes to building and maintaining their wealth. 

The first step to creating an efficient strategy is to help clients establish their goals and determine their aspirations. After that, the company experts test various plans and predict possible results, in order to secure the necessary core capital. That amount is set aside for preservation while the surplus capital is professionally allocated and managed in order to be expanded. 

Investment Research

Successfully determining the risks, growing potential and possible outcomes heavily relies on proper research. That’s why it’s of immense importance to gather the necessary information, process the potential risks and outcomes and eventually gain the much needed insight. 

For that reason, the company has formed a specialized unit called the Bernstein Institutional Research. The results that the experts come to can shape the whole investment strategies in the future.

Manager Selection

Since there’s no two clients with similar plans and preferences, the company goes out of their way to employ managers that are skilled enough to meet every client’s needs. In the process, the firm takes a flexible approach that combines the best from the internal and external talent.

Therefore, each client gets to work with a well-trained and properly educated manager with a distinctive track record, capabilities and talents.

Investment Implementation

Designing custom solutions that meet every client’s expectations is not an easy job, as achieving financial success is not done overnight and is extremely complex. Hence, the firm offers each individual client an array of investment implementation options, tailored to the client’s financial goals, interests and liabilities. 

The company offers innovative alternatives and focused equities, in which clients can invest directly and alongside big players and companies from all over the world. Dynamic Asset Allocation (DAA) exists to help users stabilize their portfolio to keep their long-term strategy running. 

Some examples for the portfolio enrichment are:

• real estate
• private equity
• private loans
• hedge funds
• real assets (timberland, farmland, and other commodities)
• artwork

Alternative Investment Strategies require a minimum of $500,000 for the clients to start their investment action.

Personalized Service

Once an individual or a family requests services from this investment platform, they do not just get to work with one asset manager. Their journey to maintaining and increasing their wealth, investing and collecting long-term rewards is supported by various teams, each with a special task and purpose. 

Such a personalized approach to each client and family is what distincts this company from countless others that do not value their individual clientele the same way.

No Online Ratings

This investment firm is known for catering to high net worth individuals, and prides in being reliable confidants for their clients. These high-profile private investors are not your average Joe that frequents different review websites.

It’s no wonder, then, that Bernstein Private Wealth Management reviews are exceedingly difficult to find, unlike those of popular firms like Coldcard. The only feedback we managed to find was of the Bernstein Private Wealth App, which is available on AppStore.

The company does own a number of social profiles of Facebook, LinkedIn and YouTube, but these have a very small number of followers.

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