Bernstein Private Wealth Management Plans for Inorganic Growth with New Leadership Appointments
AllianceBernstein's (NYSE: AB) Bernstein Private Wealth Management unit announced three key leadership appointments to drive its inorganic growth strategy and ultrahigh-net-worth (UHNW) expansion. Craig Storch, a 25-year veteran, has been promoted to Senior Managing Director for Growth Strategies, while Neel Ray joins as Senior National Director and Marshall Butler as Head of Marketing.
The appointments support Bernstein's strategy to recruit experienced wealth advisors in strategic markets and acquire select registered investment advisors (RIAs). This initiative follows the January 2024 buildout of Bernstein's UHNW service team and complements the firm's 50-year history of organic talent development. The firm recently established a new office at Hudson Yards, New York City, in September 2024.
AllianceBernstein (NYSE: AB), attraverso la sua divisione Bernstein Private Wealth Management, ha annunciato tre nomine chiave nella leadership per potenziare la sua strategia di crescita inorganica e l'espansione nel settore degli ultraricchi (UHNW). Craig Storch, con 25 anni di esperienza, è stato promosso a Senior Managing Director per le Strategie di Crescita, mentre Neel Ray entra come Senior National Director e Marshall Butler come Responsabile Marketing.
Queste nomine supportano la strategia di Bernstein di reclutare consulenti patrimoniali esperti in mercati strategici e acquisire selezionati consulenti finanziari registrati (RIA). Questa iniziativa segue l'ampliamento del team di servizi UHNW di Bernstein avvenuto a gennaio 2024 e si integra con la storia di 50 anni di sviluppo organico del talento dell'azienda. Recentemente, a settembre 2024, la società ha inaugurato un nuovo ufficio a Hudson Yards, New York City.
AllianceBernstein (NYSE: AB), a través de su unidad Bernstein Private Wealth Management, anunció tres nombramientos clave en liderazgo para impulsar su estrategia de crecimiento inorgánico y la expansión en el segmento de ultrarricos (UHNW). Craig Storch, con 25 años de experiencia, fue promovido a Senior Managing Director para Estrategias de Crecimiento, mientras que Neel Ray se incorpora como Senior National Director y Marshall Butler como Jefe de Marketing.
Estos nombramientos respaldan la estrategia de Bernstein de reclutar asesores patrimoniales experimentados en mercados estratégicos y adquirir asesores de inversión registrados (RIA) selectos. Esta iniciativa sigue al fortalecimiento del equipo de servicios UHNW de Bernstein en enero de 2024 y complementa la trayectoria de 50 años de desarrollo orgánico de talento de la firma. Recientemente, en septiembre de 2024, la empresa estableció una nueva oficina en Hudson Yards, Ciudad de Nueva York.
AllianceBernstein (NYSE: AB)의 Bernstein Private Wealth Management 부문은 무기적 성장 전략과 초고액 자산가(UHNW) 확장을 추진하기 위해 세 명의 핵심 리더십 인사를 발표했습니다. 25년 경력의 Craig Storch가 성장 전략 수석 상무 이사로 승진했으며, Neel Ray는 수석 국가 이사로, Marshall Butler는 마케팅 책임자로 합류했습니다.
이번 인사는 전략적 시장에서 경험 많은 자산 관리사를 영입하고 선택된 등록 투자 자문사(RIA)를 인수하려는 Bernstein의 전략을 지원합니다. 이 이니셔티브는 2024년 1월 Bernstein의 UHNW 서비스 팀 확장에 이은 조치로, 회사의 50년 유기적 인재 개발 역사를 보완합니다. 회사는 2024년 9월 뉴욕시 허드슨 야드에 새 사무소를 개설했습니다.
AllianceBernstein (NYSE : AB), via son unité Bernstein Private Wealth Management, a annoncé trois nominations clés au sein de sa direction afin de soutenir sa stratégie de croissance inorganique et son expansion auprès des ultra-riches (UHNW). Craig Storch, vétéran de 25 ans, a été promu Senior Managing Director en charge des stratégies de croissance, tandis que Neel Ray rejoint l'équipe en tant que Senior National Director et Marshall Butler en tant que responsable marketing.
Ces nominations appuient la stratégie de Bernstein visant à recruter des conseillers en gestion de patrimoine expérimentés sur des marchés stratégiques et à acquérir certains conseillers en investissement enregistrés (RIA). Cette initiative fait suite au renforcement de l'équipe de services UHNW de Bernstein en janvier 2024 et complète l'histoire de 50 ans de développement organique des talents de la société. En septembre 2024, la société a également ouvert un nouveau bureau à Hudson Yards, New York.
AllianceBernstein (NYSE: AB) hat über seine Einheit Bernstein Private Wealth Management drei wichtige Führungspositionen besetzt, um seine Strategie für anorganisches Wachstum und die Expansion im Bereich ultrareicher Kunden (UHNW) voranzutreiben. Craig Storch, ein 25-jähriger Branchenveteran, wurde zum Senior Managing Director für Wachstumsstrategien befördert, während Neel Ray als Senior National Director und Marshall Butler als Leiter Marketing hinzukommen.
Diese Ernennungen unterstützen Bernsteins Strategie, erfahrene Vermögensberater in strategischen Märkten zu rekrutieren und ausgewählte registrierte Anlageberater (RIA) zu übernehmen. Diese Initiative folgt auf den Ausbau des UHNW-Service-Teams von Bernstein im Januar 2024 und ergänzt die 50-jährige Geschichte der organischen Talententwicklung des Unternehmens. Im September 2024 eröffnete das Unternehmen zudem ein neues Büro in Hudson Yards, New York City.
- Strategic expansion into UHNW segment with dedicated leadership appointments
- Dual growth strategy combining organic development with targeted acquisitions
- Addition of experienced executives with significant industry expertise
- Geographic expansion with new Hudson Yards office
- Potential integration challenges from planned RIA acquisitions
- Execution risks in transitioning to inorganic growth strategy
- New positions will support Bernstein's UHNW expansion in priority US Markets -
Bernstein aims to further its growth and UHNW expansion with inorganic efforts including targeted recruiting of experienced wealth advisors in strategic markets and selectively acquiring registered investment advisors (RIAs). In line with this inorganic growth plan, Bernstein has elevated existing private wealth leadership talent while adding new executive hires. Craig Storch, a 25-year Bernstein veteran, will expand his existing national leadership responsibilities as a Senior Managing Director for Growth Strategies. Storch will team with Neel Ray, a newly appointed Senior National Director on the Growth Strategies team. In addition, Marshall Butler was recently hired as Bernstein's Head of Marketing. Ray, Storch, and Butler report to Aaron Bates, Head of Ultrahigh-Net-Worth and Growth Strategies.
Onur Erzan, Head of the Global Client Group and Private Wealth at AllianceBernstein commented: "We see consistent growth across our private wealth business and our UHNW segment has notable momentum. Leveraging the resources of our global asset manager, Bernstein offers experienced wealth advisors a truly differentiated platform to scale their practices and improve their client outcomes. We excel in organic talent development and are open to bringing on experienced advisors to drive further business growth."
"At Bernstein, our success over more than 50 years has been built on exceptional, organic talent development," said Bates. "Our new inorganic growth plan complements that success as we continue to expand our UHNW platform in priority markets across the US." Bates added, "We offer advisors an uncommonly attractive platform to efficiently scale their practice and help their clients navigate the complexities of significant wealth. Our new hires and acquisitions will be thoughtful and intentional, based on several factors including a cultural fit and fiduciary mindset."
Storch boasts over 25 years at Bernstein in various leadership capacities, including as Principal and Wealth Advisor for high-net-worth families and institutions in the US and around the world. Storch previously oversaw the
Ray brings over 25 years of experience in mergers and acquisitions to Bernstein. He previously served as the Head of Corporate Development at both World Investment Advisors and Envestnet. He has held senior corporate development roles at TD Ameritrade, TIAA, and Bank of America Merrill Lynch.
Butler brings over 20 years of marketing and communications expertise to the firm. He will focus on enabling advisor success, elevating the client experience, and building the Bernstein brand as a wealth management leader. Prior to joining Bernstein, Butler held senior marketing and communications leadership roles at Wells Fargo and BlackRock.
With the renewed focus and expansion, Bernstein will continue to introduce bespoke solutions tailored to the needs of UHNW clients including family offices and global families. The firm also opened a new office at the Spiral in Hudson Yards,
About Bernstein Private Wealth Management
Bernstein Private Wealth Management advises ultrahigh- and high-net-worth clients on planning for—and living with—the complexities that come with significant wealth. Bernstein is distinguished among major wealth managers by its expertise in navigating life's transitions through a holistic approach. A flexible process—paired with innovative research, sophisticated modeling, and cutting-edge investment solutions—also set Bernstein apart. Headquartered in
*As of May 31, 2025
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SOURCE Bernstein Private Wealth Management
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