STOCK TITAN

Bernstein Private Wealth Management Opens Stamford Office

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Bernstein Private Wealth Management, a unit of AllianceBernstein (NYSE: AB), announced the opening of a new office in Stamford, Connecticut, aimed at enhancing its local presence. This new waterfront office will deepen ties with clients in Connecticut and Westchester County, as highlighted by Rick Meyers, Head of Client and Advisory. The office will be managed by Jim Murphy, who brings over 20 years of investment experience. Connecticut Governor Ned Lamont welcomed this expansion, citing the state's strong workforce and position in the financial services sector. Bernstein manages $680 billion in assets as of January 31, 2023.

Positive
  • Expansion with new office in Stamford, enhancing local presence.
  • Local leadership under Jim Murphy brings extensive investment experience and community ties.
Negative
  • None.

STAMFORD, Conn., Feb. 27, 2023 /PRNewswire/ -- Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (NYSE: AB), announced today that the firm is expanding its presence in Connecticut and Westchester County with a new waterfront office in Shippan Landing in Stamford, which opened this month.

"Bernstein has been operating in the Connecticut and Westchester markets and building a significant network of client relationships for decades, and we're excited to deepen our commitment to the local community with a dedicated office presence," said Rick Meyers, Head of Client and Advisory at Bernstein. "Our clients in the region will continue to enjoy the world-class resources and global reach of our New York operation while having convenient access to our financial advisors in their own backyard."

The new Bernstein Private Wealth Management Stamford office will serve as a hub for local financial professionals as well as Bernstein executives from around the world working with clients in the area. The office will be led by Managing Director Jim Murphy, who is originally from Rye, NY and now lives in Darien, CT. Mr. Murphy brings over 20 years of investment experience to the role and deep ties to the local community.

"We are proud to be expanding our presence in Connecticut and Westchester. We've been engaged with the entrepreneurial and business ecosystem here for many years, and we look forward to creating closer ties with our clients in this region with a physical location. As many in the community have experienced firsthand, we are fully invested in the communities in which we live and work," added Murphy.

"Connecticut continues to be an emerging hub for the financial services industry, which is why I am thrilled that Bernstein has selected our state as their newest location to grow," Connecticut Governor Ned Lamont said. "Bernstein is a well-respected, global company that selected our state as part of its latest expansion because of its best-in-the-nation workforce and ideal location. We welcome Bernstein to Connecticut and wish them many years of success and growth."

About Bernstein

Founded more than 50 years ago, Bernstein Private Wealth Management, provides investment planning advice and services to individuals, families, endowments, foundations, and other financial guardians, so that they can reach their long-term investment objectives.

For more information visit our website.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of January 31, 2023, AllianceBernstein had $680 billion in assets under management. Additional information about AllianceBernstein may be found on our website, www.alliancebernstein.com.

Kim Angus
Bernstein Private Wealth Management
Kim.Angus@Bernstein.com

Erica Warfield
Prosek Partners
Pro-bernstein@prosek.com

Cision View original content:https://www.prnewswire.com/news-releases/bernstein-private-wealth-management-opens-stamford-office-301755967.html

SOURCE Bernstein Private Wealth Management

AllianceBernstein Holding, L.P.

NYSE:AB

AB Rankings

AB Latest News

AB Stock Data

4.17B
111.84M
1.4%
25.07%
0.8%
Asset Management
Investment Advice
Link
United States of America
NASHVILLE