NASHVILLE, Tenn.--(BUSINESS WIRE)--Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (AB), announced today that it will serve as a participant in the National Football League Players Association’s (NFLPA) institutional program to offer financial advice services to current and former NFL players. Bernstein will be among a few select advisory firms registered by the NFLPA to work with its network of nearly 5,000 athletes.
“We look forward to working with the NFLPA to further help the current and former players protect and grow their wealth, as well as ensure their investments are aligned with their personal values toward social and environmental change. As professional athletes face an unprecedented level of financial uncertainty amid the pandemic, having an advisor who understands the unique challenges is more important than ever,” said Adam Sansiveri and Stacie Jacobsen, Co-heads of Bernstein’s Sports and Entertainment Group. “Our deep expertise working with professional athletes has prepared us to keep players’ financial goals on track during and past this trying time.”
“We are excited to welcome Bernstein as our newest participant in the NFLPA’s financial institution program,” said Dana Hammonds Shuler, Senior Director of Player Affairs at the NFLPA. “Bernstein’s strong track record and expertise will go a long way in equipping our player members with the resources and guidance necessary to navigate their unique financial situation, both during and after their playing careers.”
The NFLPA created the Financial Advisor Program in 2002 to help clients access services including financial planning, investing, tax and estate planning. Over the past year, the organization has updated its policies to vet financial institutions for the program, rather than individual advisors. Institutional participants in the program are selected based on their reputation and range of service offerings that meet the specific needs of the players. Each institution designates and monitors participating advisors who must meet specific criteria and follow a code of conduct.
Bernstein’s Sports and Entertainment Group was founded in 2012 to focus on the long-term investment strategies and wealth management needs of athletes, coaches, entertainers, artists, media executives, and entrepreneurs in these industries. The group manages over $3.5 billion across its US regional offices. The group launched a podcast, The Big Stage, in June 2020, featuring interviews with athletes, entertainers, and industry leaders to provide listeners with inside access to these lauded professionals, which can be found here.
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 investment goal, income need, tax situation, or tolerance for risk. The firm managed $86 billion in assets as of March 31, 2020. 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 March 31, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.9% of AllianceBernstein and Equitable Holdings, Inc. (“EQH”), directly and through various subsidiaries, owned an approximate 64.9% economic interest in AllianceBernstein.
Additional information about AB may be found on our website, www.alliancebernstein.com.