Group 1 - Bernstein Private Wealth Management is expanding its ultrahigh-net-worth (UHNW) services through inorganic growth strategies, including targeted recruiting and selective acquisitions of registered investment advisors (RIAs) [2][3] - The firm has appointed three new leaders: Craig Storch as Senior Managing Director for Growth Strategies, Neel Ray as Senior National Director, and Marshall Butler as Head of Marketing, all reporting to Aaron Bates [2][3][5] - Bernstein's UHNW segment is experiencing notable momentum, and the firm aims to leverage its global asset management resources to enhance advisor practices and client outcomes [3][4] Group 2 - The new hires and acquisitions will be based on cultural fit and fiduciary mindset, aligning with Bernstein's long-standing commitment to organic talent development [3][4] - Bernstein continues to introduce tailored solutions for UHNW clients, including family offices, and has opened a new office in Hudson Yards, New York City [6] - As of May 31, 2025, AllianceBernstein manages $803 billion in assets, positioning Bernstein among the largest investment managers globally [7]