Because we believe research is critical to helping our clients achieve investing success, we are committed to it on a massive scale: fundamental research that spans some 10,000 companies and industries around the globe...research into developments throughout the world that have the potential to cause seismic shifts and alter our future decisions about where and how to invest...research on companies in the early stages of growth...research on credit and currency markets worldwide...research on asset allocation and estate and philanthropic planning. The knowledge gained through this expansive research is critical to building solutions that satisfy the complex needs and objectives of the families and individuals we serve.

Number of Analysts: 306

Fundamental Equity 153 Quantitative 82 Strategic Change 3 Bernstein Value Alliance Growth     Credit Research/Fixed Income 40   Early-Stage Growth 7     Economists/Currency 9   China Research 6

Effective diversification doesn't just mean buying a collection of different securities and markets, it also means taking a global perspective, combining markets, and securities that are sound in and of themselves and whose patterns of performance tend to differ. In a well diversified portfolio, the investments won’t tend to rise and fall to the same extent at the same time, which helps the portfolio’s overall return to be relatively steady in the short run and good to excellent in the long run.

Expert investing is just part of it. Private investors contend with a variety of often conflicting goals, and the greater the wealth, the more complex the questions and investment vehicles. Although the tactics for each such vehicle may differ, we consider them all part of a single integrated portfolio whose strategies must be geared toward the success of the investor’s overall goals, and we manage them as such.

There’s no point in doing everything right if the main beneficiary is the government. Having always managed private accounts, we’ve developed cutting-edge techniques for managing investment taxability, which we diligently apply in taxable accounts, always with the goal of maximizing what you get to keep.

Rebalancing is what gives diversification its power. When one market outperforms another, the former outgrows its proper size in the portfolio and the latter gets too small, skewing the risk and return potential from the investor's intended target. Rebalancing reestablishes a portfolio's original proportions, forcing one (or us, on our clients' behalf ) to sell high and use the proceeds to buy low.