As part of the arrangement, nine of AB’s funds will be made available on the Raymond James platform, including the AB Concentrated Global Equity and Concentrated US Equity portfolios.
The available AB fund strategies cover a range of asset classes from European bonds to multi-asset and emerging markets, to name a few.
Further products from AB’s Luxembourg-domiciled range are expected to be added in due course.
Jamie Hammond (pictured), head of EMEA client group at AB, said the firm’s partnership with Raymond James was integral to its move into the UK discretionary retail market, which is “a key component of AB’s global growth plans and strategic partnerships”.
“In the current environment of market uncertainty, funds such as those within our differentiated high conviction equity range provide wealth managers with a sophisticated solution to help meet their clients’ demands,” he said.
“We are delighted to strengthen that relationship by partnering with AB here in the UK,” added Stuart Wright, head of operations and product management at Raymond James Investment Services.
“It demonstrates our continued ability to offer access to premium asset managers with global expertise via our platform.”
Alliance Bernstein funds now available on the Raymond James platform:
- AB Concentrated Global Equity Portfolio
- AB Concentrated US Equity Portfolio
- AB Diversified Yield Plus Portfolio
- AB Emerging Markets Multi-Asset Portfolio
- AB Euro High Yield Portfolio
- AB Global Core Equity Portfolio
- AB Global Plus Fixed Income Portfolio
- AB Short Duration High Yield Portfolio
- AB Low Volatility Equity Portfolio
