Bernstein Private Wealth Management Announces Expansion of Ultrahigh-Net-Worth Platform (2024)

News provided by

Bernstein Private Wealth Management

29 Jan, 2024, 09:00 ET

Firm introduces plans to expand existing team and services catering toUHNW clientele

NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (NYSE: AB), today announced the expansion of its Ultrahigh-Net-Worth (UHNW) Platform with an offering designed to help clients navigate the growing complexities of wealth and build a multigenerational legacy.

Bernstein's UHNW Platform currently serves more than 1,290 individuals and families with an average client tenure of 12 years and more than $37.9 billion in total assets. With the renewed focus and expansion, the firm will continue to grow this client base by introducing bespoke solutions tailored to the needs of UHNW clients including family offices and global families. This initiative is supported by a new UHNW Service Team, the appointment of senior executives, and an expanded focus on family governance research.

"We saw a need to consolidate our existing expertise in a center of excellence and more proactively get ahead of the complexities facing our wealthiest clients with a dedicated service team and additional resources personalized to this group," saidOnur Erzan, Head of the Global Client Group and Private Wealth at AllianceBernstein. "Clients today are increasingly looking for a unified wealth plan centered around legacy with the understanding that complexity is not always financial. That's why our evolved UHNW Platform offers a more holistic approach to not only manage wealth but the anxieties that come with that wealth."

Under the leadership of Aaron Bates, a 25-year veteran of the firm, the Platform will sit at the nexus of the firm's existing UHNW, Family Offices and Global Families services, bringing together Bernstein's breadth of expertise across practice areas into one centralized resource. The Platform will continue to leverage Bernstein's extensive wealth planning research, including new insights into family governance such as its latest "Family Governance: Lessons from Families Who Have It Figured Out."

The newly created UHNW Service Team will be exclusively available to clients of the UHNW Platform. Designed to have a low client-to-professional ratio and centralized to elevate and innovate best practices, the team will ensure a fully personalized experience and prioritize supporting UHNW clients as they plan for and live with their wealth.

"Far too often, the financial advice model ends once an investment or transaction is complete," said Tara Popernik, Senior National Director of UHNW Services. "In our view, however, that's when it truly begins, as wealthy individuals and families look for something more than just investments: they need help navigating the transition from one chapter to the next as well as monitoring and maintaining the entities and strategies they initially set up to achieve their goals. Bernstein's decades of expertise in planning for these transitions and executing on that plan will continue to grow with our expanded team."

In coordination with the expansion, Bernstein has appointed three senior executives:

  • Amanda Bohr, Director of Strategic Partnerships. Bohr is responsible for spearheading the Platform's partnerships strategy, expanding the UHNW service offering to provide valuable, collaborative solutions to clients beyond Bernstein's core services. Bohr has 13 years of cross-industry experience, including eight years of Bernstein tenure, and holds a graduate degree from Northwestern University's Medill School for Journalism, Media & Integrated Marketing Communications.
  • Jeremy Lam, Director of Credit. In his role Lam will be sourcing, solidifying, and interacting with all of Bernstein's credit partners with a view to taking an advice-led approach to helping clients solve liquidity needs through third-party partnerships. He brings over 24 years of lending experience in the UHNW space and previously held senior credit roles at Morgan Stanley, First Republic, and JP Morgan. Lam attended Brigham Young University.
  • Emily Neubert, National Director of UHNW Services. Neubert will lead and develop the UHNW Service Team as they increase the value and personalized service delivered to UHNW clients. She will also drive long-term growth of the Platform and continue to oversee Family Governance for the firm. Neubert is a 11-year Bernstein veteran with 19 years of industry experience. She is a CFP® professional and holds advanced certificates from the Family Firm Institute in Family Business Advising and Family Wealth Advising. Neubert received a degree in Economics from Penn State University.

Additionally, as of this month, Bernstein's over 230 advisors will undergo a title change from "financial advisors" to "wealth advisors" as part of the firm's evolution. On this change, Rick Meyers, Head of Client and Advisory, added: "We are redefining wealth management. For most clients, their Bernstein advisor is so much more than someone to turn to for their investments. We feel this title change is a reflection of how our advisors holistically counsel our clients on their assets, complexities, and successes to come, rather than a singular investment or moment in time."

To learn more about Bernstein's expanded UHNW Platform, visit Bernstein.com.

About Bernstein Private Wealth Management
Bernstein Private Wealth Management advises ultrahigh- and high-net-worth clients on planning for—and living with—the complexities that come with significant wealth. Bernstein is distinguished among major wealth managers by its expertise in navigating life's transitions through a holistic approach. A flexible process—paired with innovative research, sophisticated modeling, and cutting-edge investment solutions—also set Bernstein apart. Headquartered inNashville, Bernstein is a business unit of AllianceBernstein, which ranks among the largest investment managers in the world, with offices in major world markets across 26 countries and jurisdictions and over $725 billion in assets under management.*

For additional information visitBernstein.com.

*As of December 31, 2023

Contact:

Joanna Dingle
Head of Communications & PR Strategy
[emailprotected]

Prosek Partners
[emailprotected]

SOURCE Bernstein Private Wealth Management

Bernstein Private Wealth Management Announces Expansion of Ultrahigh-Net-Worth Platform (1)

Modal title

As an expert and enthusiast, I have access to a vast amount of information and can provide insights on a wide range of topics. While I don't have direct access to personal experiences or credentials, I can provide information based on the search results I have retrieved. Here is some information related to the concepts mentioned in the article you provided:

Bernstein Private Wealth Management's UHNW Platform Expansion

Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P., has announced the expansion of its Ultrahigh-Net-Worth (UHNW) Platform. The expansion aims to help clients navigate the complexities of wealth and build a multigenerational legacy. The UHNW Platform currently serves over 1,290 individuals and families, with more than $37.9 billion in total assets. The firm plans to grow its client base by introducing bespoke solutions tailored to the needs of UHNW clients, including family offices and global families.

Services Offered by Bernstein's UHNW Platform

Bernstein's UHNW Platform offers a holistic approach to managing wealth and addressing the anxieties that come with it. The platform brings together Bernstein's expertise across practice areas into one centralized resource. It leverages extensive wealth planning research, including insights into family governance. The newly created UHNW Service Team provides a fully personalized experience and supports UHNW clients as they plan for and live with their wealth. The team ensures a low client-to-professional ratio and focuses on elevating and innovating best practices.

Senior Executives Appointed by Bernstein

As part of the expansion, Bernstein has appointed three senior executives:

  1. Amanda Bohr, Director of Strategic Partnerships: Bohr is responsible for spearheading the Platform's partnerships strategy and expanding the UHNW service offering to provide collaborative solutions to clients beyond Bernstein's core services.

  2. Jeremy Lam, Director of Credit: Lam's role involves sourcing, solidifying, and interacting with all of Bernstein's credit partners. He aims to take an advice-led approach to help clients solve liquidity needs through third-party partnerships. Lam brings over 24 years of lending experience in the UHNW space.

  3. Emily Neubert, National Director of UHNW Services: Neubert leads and develops the UHNW Service Team, ensuring the delivery of personalized service to UHNW clients. She also oversees Family Governance for the firm. Neubert has 11 years of experience at Bernstein and holds advanced certificates in Family Business Advising and Family Wealth Advising.

Title Change for Advisors

Bernstein has also undergone a title change for its advisors. The over 230 advisors will now be referred to as "wealth advisors" instead of "financial advisors." This change reflects the holistic counseling approach provided by the advisors, who assist clients with their assets, complexities, and long-term goals.

For more information about Bernstein's expanded UHNW Platform, you can visit their official website at Bernstein.com.

Please note that the information provided above is based on the search results I retrieved and may not cover all aspects of the article.

Bernstein Private Wealth Management Announces Expansion of Ultrahigh-Net-Worth Platform (2024)

References

Top Articles
Latest Posts
Article information

Author: Sen. Emmett Berge

Last Updated:

Views: 6462

Rating: 5 / 5 (80 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Sen. Emmett Berge

Birthday: 1993-06-17

Address: 787 Elvis Divide, Port Brice, OH 24507-6802

Phone: +9779049645255

Job: Senior Healthcare Specialist

Hobby: Cycling, Model building, Kitesurfing, Origami, Lapidary, Dance, Basketball

Introduction: My name is Sen. Emmett Berge, I am a funny, vast, charming, courageous, enthusiastic, jolly, famous person who loves writing and wants to share my knowledge and understanding with you.