NASHVILLE, Tenn., Feb. 6, 2019 /PRNewswire/ -- Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (AB), announced today it is opening a private client office in Nashville, which will be led by Managing Director Adam Sansiveri. In this role, Sansiveri will be responsible for client service, management and the strategic growth of Bernstein's business in the city. This appointment follows AB's May 2018 announcement that the firm will relocate its corporate headquarters to Nashville.
Nashville will be Bernstein's 20th office, as it continues to expand its presence to help individuals, families and smaller institutions across the middle Tennessee area achieve their financial goals. The office is expected to open during the second quarter of 2019 and will be located at One Nashville Place while AB awaits completion of the firm's new corporate headquarters at Fifth and Broadway.
"Opening a new private wealth office in Nashville allows us to get closer to the high net worth families we serve in Middle Tennessee from our other offices in the Midwest and Southeast, and those we hope to serve in the future," said David Barnard, Head of Private Wealth Management. "Adam is the natural choice to lead this initiative and oversee our expansion into this market. He brings an extraordinary record of success working with entrepreneurs and multi-generational families. In addition, he has a background that includes deep professional and personal ties to the sports and entertainment communities that are well represented in Nashville."
Sansiveri joined Bernstein in 2011, and leads the unit's Sports, Media and Entertainment Group. Prior to Bernstein, Sansiveri produced Broadway shows and was a co-founder of a digital design company focused on the entertainment industry.
"The vibrant culture and business identities of Nashville embody the types of people we represent at Bernstein," said Sansiveri. "I am excited to get to work with and provide solutions for the amazing people in this town. Bernstein has always attracted the best and most innovative talent, making Nashville – which does the same – a perfect fit for the future of our business."
Founded more than 50 years ago, Bernstein Private Wealth Management, a unit of AllianceBernstein L.P. (AB), provides investment planning advice and services to individuals, families, endowments, foundations and other financial guardians, so that they can reach their long-term investment objectives. Our global research enables us to customize a portfolio that suits any type of investment goal, income need, tax situation or tolerance for risk. The firm manages $89 billion in assets as of December 31, 2018. For more information, visit www.bernstein.com.
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.
As of December 31, 2018, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.6% of AllianceBernstein and AXA Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 65.2% economic interest in AllianceBernstein.
Additional information about AB may be found on our website, www.alliancebernstein.com.
SOURCE Bernstein Private Wealth Management