AB - AllianceBernstein
AllianceBernstein LP. provides investment research and services globally as well as managing their own family of mutual funds. In addition, AB is one of the largest global asset management firms in the world with approximately $800M in assets under management. With over 4.1 million clients worldwide, AB has offices in over 47 cities in 25 countries. Although primarily based in the U.S. - Atlanta, Boston, Chicago, Cleveland, Dallas, Denver, Houston, Los Angeles, Miami, Minneapolis, Philadelphia, San Francisco, San Diego, Seattle, Tampa, Washington D.C., West Palm Beach and White Plains - AB also maintains foreign offices in London, Tokyo, Singapore, Shanghai, Mumbai, Cape Town, Sao Paulo, Hong Kong, Madrid and Montreal, making it available to service the needs of investors in virtually any developed areas of the world. AB currently yields a 5-6% dividend which is paid quarterly. Unfortunately, we purchased this stock before the recent financial crisis began, however, the club hopes that once the credit fears and financial bubbles pass, AB will be a big winner as more investors get back into the market.
