Advisor attrition dropped by 30% in the quarter to 4.5%, the company announced.
What if a client burdened with substantial debts or liabilities from their business unexpectedly passes away?
Many individual investors have seen the value of their holdings drop, and are looking to bail out, drawing hedge funds.
AllianceBernstein is offering funding to lenders — enabling the banks to keep their most prestigious clients sweet — in return for a cut of the fees and access to their client contact books.