Alliancebernstein Holding L.P. Files 2023 Annual Report on Form 10-K

Ticker: AB · Form: 10-K · Filed: Feb 9, 2024 · CIK: 825313

Complexity: moderate

Sentiment: neutral

Topics: 10-K, Annual Report, Alliancebernstein, Financials, Investment Management

TL;DR

<b>Alliancebernstein Holding L.P. has submitted its 2023 annual 10-K filing, detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

ALLIANCEBERNSTEIN HOLDING L.P. (AB) filed a Annual Report (10-K) with the SEC on February 9, 2024. Alliancebernstein Holding L.P. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at 501 Commerce Street, Nashville, TN 37203. Alliancebernstein Holding L.P. was formerly known as Alliance Capital Management Holding LP and Alliance Capital Management LP. A subsequent event was noted on February 6, 2024.

Why It Matters

For investors and stakeholders tracking ALLIANCEBERNSTEIN HOLDING L.P., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Alliancebernstein's financial health, operational performance, and strategic positioning for the fiscal year 2023, which is crucial for investors to assess the company's stability and growth prospects. The detailed financial statements and risk factors within the report offer insights into the company's management of assets, liabilities, and overall market performance, enabling stakeholders to make informed investment decisions.

Risk Assessment

Risk Level: medium — ALLIANCEBERNSTEIN HOLDING L.P. shows moderate risk based on this filing. The filing is a standard 10-K, which provides a broad overview of the company's financial and operational status, but lacks specific forward-looking financial performance data or significant strategic shifts that would indicate a higher risk.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Alliancebernstein's performance and potential challenges in the upcoming fiscal year.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

When did ALLIANCEBERNSTEIN HOLDING L.P. file this 10-K?

ALLIANCEBERNSTEIN HOLDING L.P. filed this Annual Report (10-K) with the SEC on February 9, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by ALLIANCEBERNSTEIN HOLDING L.P. (AB).

Where can I read the original 10-K filing from ALLIANCEBERNSTEIN HOLDING L.P.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ALLIANCEBERNSTEIN HOLDING L.P..

What are the key takeaways from ALLIANCEBERNSTEIN HOLDING L.P.'s 10-K?

ALLIANCEBERNSTEIN HOLDING L.P. filed this 10-K on February 9, 2024. Key takeaways: Alliancebernstein Holding L.P. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal executive offices are located at 501 Commerce Street, Nashville, TN 37203..

Is ALLIANCEBERNSTEIN HOLDING L.P. a risky investment based on this filing?

Based on this 10-K, ALLIANCEBERNSTEIN HOLDING L.P. presents a moderate-risk profile. The filing is a standard 10-K, which provides a broad overview of the company's financial and operational status, but lacks specific forward-looking financial performance data or significant strategic shifts that would indicate a higher risk.

What should investors do after reading ALLIANCEBERNSTEIN HOLDING L.P.'s 10-K?

Investors should review the detailed financial statements and risk factors in the 10-K to understand Alliancebernstein's performance and potential challenges in the upcoming fiscal year. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,466 words · 18 min read · ~15 pages · Grade level 8.8 · Accepted 2024-02-09 16:53:31

Key Financial Figures

Filing Documents

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 17 Item 1B. Unresolved Staff Comments 27

C

Item 1 C . Cybersecurity 27 Item 2.

Properties

Properties 28 Item 3.

Legal Proceedings

Legal Proceedings 29 Item 4. Mine Safety Disclosures 29 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30 Item 6. Reserved 32 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Executive Overview 32 Market Environment 32 AB Holding 34 AB 36 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 58 AB Holding 58 AB 58 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 60 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 125 Item 9A.

Controls and Procedures

Controls and Procedures 125 Item 9B. Other Information 126 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 126 Part III Item 10. Directors, Executive Officers and Corporate Governance 127 Item 11.

Executive Compensation

Executive Compensation 142 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 173 Item 13. Certain Relationships and Related Transactions, and Director Independence 177 Item 14. Principal Accounting Fees and Services 178 Part IV Item 15. Exhibits, Financial Statement Schedules 179 Item 16. Form 10-K Summary 181

Signatures

Signatures 182 2023 Annual Report i Table of Contents Glossary of Certain Defined Terms AB AllianceBernstein L.P. (Delaware limited partnership formerly known as Alliance Capital Management L.P., " Alliance Capital "), the operating partnership, and its subsidiaries and, where appropriate, its predecessors, AB Holding and ACMC, Inc. and their respective subsidiaries. AB Holding AllianceBernstein Holding L.P. (Delaware limited partnership). AB Holding Partnership Agreement the Amended and Restated Agreement of Limited Partnership of AB Holding, dated as of October 29, 1999 and as amended February 24, 2006. AB Holding Units units representing assignments of beneficial ownership of limited partnership interest in AB Holding. AB Partnership Agreement the Amended and Restated Agreement of Limited Partnership of AB, dated as of October 29, 1999 and as amended February 24, 2006. AB Units units of limited partnership interest in AB. AUM AB's assets under management. Bernstein Transaction AB's acquisition of the business and assets of SCB Inc., formerly known as Sanford C. Bernstein Inc., and the related assumption of the liabilities of that business, completed on October 2, 2000. Equitable America Equitable Financial Insurance Company of America (f/k/a MONY Life Insurance Company of America, an Arizona corporation), a subsidiary of Equitable Holdings. Equitable Financial Equitable Financial Life Insurance Company (New York stock life insurance company), a subsidiary of Equitable Holdings. Equitable Holdings or EQH Equitable Holdings, Inc. (Delaware corporation) and its subsidiaries other than AB and its subsidiaries. Exchange Act the Securities Exchange Act of 1934, as amended. ERISA the Employee Retirement Income Security Act of 1974, as amended. GAAP U.S. Generally Accepted Accounting Principles. General Partner AllianceBernstein Corporation (Delaware corporation), the general partner of AB and AB Holding and a subsidiary of Equitable

Business

Item 1. Business The words " we " and " our " in this Form 10-K refer collectively to AB Holding and AB and its subsidiaries, or to their officers and employees. Similarly, the words " company " and " firm " refer to both AB Holding and AB. Where the context requires distinguishing between AB Holding and AB, we identify which company is being discussed. Cross-references are in italics. We use " global " in this Form 10-K to refer to all nations, including the United States; we use " international " or " non-U.S. " to refer to nations other than the United States. We use " emerging markets " in this Form 10-K to refer to countries included in the Morgan Stanley Capital International (" MSCI ") emerging markets index, which include, as of December 31, 2023: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. Clients We provide diversified investment management, research and related services globally to a broad range of clients through our three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and our sell-side business, Bernstein Research Services. S ee "Distribution Channels" in this Item 1 for additional information. As of December 31, 2023, 2022 and 2021, our AUM were approximately $725 billion, $646 billion and $779 billion, respectively, and our net revenues were approximately $4.2 billion, $4.1 billion and $4.4 billion, respectively. EQH ( our parent company ) and its subsidiaries, whose AUM consist primarily of fixed income investments, is our largest client. Our EQH affiliates represented approximately 16%, 16% and 17% of our AUM as of December 31, 2023, 2022 and 2021, and we earned approximately 5%, 4% and 4% of our net revenues from services we provided to them in each of 2023, 2022 and 2021, respectively. Assets Under Management (AUM)

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