AllianceBernstein Holding LP at Morgan Stanley Virtual US Financials Conference Transcript

Jun 10, 2020 / 02:15PM GMT
Michael J. Cyprys - Morgan Stanley, Research Division - Executive Director and Senior Research Analyst

Good morning. I'm Mike Cyprys, Morgan Stanley's brokers and asset managers analyst. Before we get started, I've been asked to direct your attention to some important disclosures on the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. And if you have any questions, please reach out to your Morgan Stanley sales representative.

So with that out of the way, welcome to our fireside chat with AllianceBernstein, and it's my pleasure to welcome Seth Bernstein, President and CEO of AB. The firm oversees about $596 billion in client assets across institutional retail and private clients.

AB is putting up some strong gross sales and unlike many in the industry has delivered consistent active equity inflows. In addition, their relocation to Nashville is going to be a driver of expense savings in the coming years. Seth, thank you for joining us today.

Seth Perry Bernstein - AllianceBernstein Holding L.P. - CEO, President &

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