Bernstein Private Wealth Management, a unit of AllianceBernstein L.P. (AB), announced a new strategy for inorganic growth and ultrahigh-net-worth (UHNW) expansion. This plan includes targeted recruiting of experienced wealth advisors in strategic markets and selectively acquiring registered investment advisors (RIAs).
To support this initiative, Bernstein has elevated existing private wealth leadership and added new executive hires. Craig Storch will expand his role as Senior Managing Director for Growth Strategies, Neel Ray was appointed Senior National Director on the Growth Strategies team, and Marshall Butler was hired as Head of Marketing.
The firm aims to double its private wealth business in five to seven years through these inorganic efforts. This strategy complements Bernstein's existing organic talent development and focuses on expanding its UHNW platform in priority U.S. markets.
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