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Integration and Severability
If any provision of these terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions. The preceding terms and conditions of use represent the entire agreement between AllianceBernstein and the user relating to the subject matter herein.
Annual Privacy Notice
At AllianceBernstein, protecting the privacy and confidentiality of our clients' personal information is a priority. We understand that you have entrusted us with your private financial information, and we do everything possible to maintain that trust. The following sets forth details of our approach to ensuring the confidentiality of your personal information.
We never sell client lists or information about our clients (or former clients) to anyone.
In the normal course of business we collect information about our clients from the following sources: (1) account documentation, including applications or other forms (which may include information such as the client's name, address, social security number, assets, and income) and (2) information about our clients' transactions with us (such as account balances and account activity).
We have strict policies and procedures to safeguard personal information about our clients (or former clients) which include (1) restricting access and (2) maintaining physical, electronic, and procedural safeguards that comply with federal standards for protecting such information.
To be able to serve our clients and to provide financial products efficiently and accurately, it is sometimes necessary to share information with companies that perform administrative services for us or on our behalf. These companies are required to use this information only for the services for which we hired them, and are not permitted to use or share this information for any other purpose.
Software downloaded from or accessed through this site is further subject to the United States Export Controls. No software from this site may be downloaded or exported (i) into (or to a national or resident of) any country to which the United States has embargoed goods; or (ii) anyone on the United States Treasury Department's list of Specially Designated Nationals or the U.S. Commerce Department's Table of Deny Order. By downloading or using the software, you represent and warrant that you are not located in, under the control of, or a national or resident of any such country or on any such list.
Past performance is not necessarily a guide to future returns and no representation or warranty, express or implied, is made regarding future performance. The value of investments and any return from them can go down as well as up. You may not get back the amount originally invested. Some investments discussed on this site may have a high level of volatility. High-volatility investments may experience sudden and large falls in their value, causing losses when that investment is realized. Those losses may equal your original investment. Indeed, in the case of some investments, the potential losses may exceed the amount of initial investment and, in such circumstances you may be required to pay more money to support those losses.
Income yields from investments may fluctuate and, in consequence, initial capital paid to make the investment may be used as part of that income yield. Some investments may not be readily realizable and it may be difficult to sell or realize those investments. Similarly, it may prove difficult for you to obtain reliable information about the value or risks to which such an investment is exposed.
If any provision of these terms is deemed unlawful, void or for any reason unenforceable, then that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions. The preceding terms and conditions of use represent the entire agreement between AllianceBernstein and the user relating to the subject matter herein.
I agree to the use of Bernstein's website and/or the Bernstein online software application that has been downloaded onto my mobile device, if applicable (the “Bernstein App”), to provide eligible online instructions and elections relating to my Bernstein accounts, and I hereby consent to electronic delivery of all notices, disclosures, and communications included in or delivered electronically along with those online instructions or elections (“account communications”). I understand that I will not receive printed versions of the account communications by mail. However, I may request printed copies of any account communications that Bernstein is required by law to send to me for no additional charge. I agree that my request for printed copies will not affect the validity of any account communication that was previously delivered electronically.
This consent is effective immediately and is valid until revoked by me. I can revoke my consent at any time by contacting my Bernstein Advisor. I understand that if I do not wish to consent to these terms and conditions to provide online instructions and elections for a specific instance or going forward, I can inform my Bernstein Advisor that I would like to provide printed account instructions and elections. Regardless of whether I have consented to these terms and conditions, Bernstein will continue to ask me to provide verbal or written consent (as determined by Bernstein) for account instructions and elections that are not eligible for this electronic consent.
I agree to promptly inform Bernstein of changes to my e-mail address by contacting my Bernstein Advisor. I have Internet access and an e-mail address to receive account communications electronically. If I wish to retain copies of any account communications that are made available electronically through the Bernstein website, I understand that I would need a printer or other device, or the ability to download documents, to print or save copies of any such documents. I understand that there may be costs associated with my use of Bernstein's website or the Bernstein App to access account communications (such as Internet access fees, phone charges, printing costs, etc.) for which I am responsible.
I agree to be bound by any affirmance, assent, or agreement entered into electronically by me (or any person using my access codes), including this consent to receive eligible account communications from Bernstein solely through electronic delivery. Any agreement, instruction, election, or disclosure that I (or any person using my access codes or the Bernstein App) accept or enter into electronically will be deemed to be the legal equivalent of my handwritten signature. I further agree that I will not contest the legally binding nature, validity, or enforceability of any such agreement, instruction, election or disclosure based on the use of an electronic signature.
Wealth Hub Terms & Conditions
Your use of the Aggregation Services through Bernstein.com or the Bernstein Mobile App is governed by the following terms and conditions (the “Terms”) which supplement and are in addition to other terms and conditions and agreements to which you have agreed to or entered into with Bernstein, including but not limited to the terms and conditions governing your use of Bernstein.com and/or the Bernstein Mobile App. If there are any conflicts between the other agreements and these Terms with respect to the Aggregation Services, these Terms shall govern. Before you can use the Aggregation Services, you must review and accept these Terms.
AllianceBernstein L.P. (“Bernstein”, “us” or “we”) has entered into an agreement with Quovo, a third party aggregation services provider (the “Service Provider”), to facilitate provision of the Aggregation Services. In order to use the Aggregation Services, you will be required to accept the Service Provider’s terms and conditions, and authorize the Service Provider to access third-party sites, your external accounts and external account information designated by you, on your behalf, to retrieve such information requested by you through the Aggregation Services and to appoint the Services Provider as your agent for this limited purpose.
You hereby represent to us that you are an owner of, a legal signer for, and/or are legally authorized to access each external account and have the authority to designate the Service Provider as your agent and to share your passwords, user names and all other information you provide. You are responsible for all charges associated with third-party sites and agree to comply with the terms of those third-party sites. You agree that we are entitled to rely on the authorizations granted by you to the Service Provider. You agree that we do not assume any responsibility for, and that we shall incur no liability with respect to, the acts, omissions or determinations of any provider of such third-party site.
You understand and agree that due to the nature of the Internet, we cannot always foresee or anticipate technical or other difficulties that might arise regarding the Aggregation Services. These difficulties may result in loss of data, lost personalization settings or other service interruptions. We cannot assume responsibility for the timeliness, deletion, loss, mis-delivery or failure to store any user data, communications or personalization settings.
You acknowledge that your external account information is not updated by us and that we do not guarantee its accuracy, completeness or timeliness. You acknowledge that such information may be more up-to-date when obtained directly from the relevant third-party site.
Your external account information is provided via the Aggregation Services for informational purposes only. We are not liable for any errors or delays in the content provided by the Service Provider, or for any actions taken in reliance thereon. The trading and transactional services that you may access at third-party sites through the links on the Aggregation Services, if any, are services of the providers of such third-party sites. The Aggregation Services may provide links to third-party sites for your convenience and viewing only. We do not endorse or recommend the services of any third-party site. The provider of the third-party site is solely responsible for its services to you, the user. We are not liable for any damages or costs of any type arising out of or in any way connected with your use of any external account information and/or the services of any third-party site accessed by you through links on the Aggregation Services.
You are responsible for maintaining the confidentiality of your password, user name, or other means that give you access to the Aggregation Services (together, your “Password”). You are fully responsible for all activities that occur using your Password. You agree to notify us immediately of any unauthorized use of your Password or any other threatened or actual breach of security. We will not be liable for any loss that you may incur as a result of someone else using your Password, either with or without your knowledge or consent.
YOU AGREE THAT NEITHER WE (INCLUDING OUR AFFILIATES, SUBSIDIARIES, LICENSORS, AND SUPPLIERS) NOR OUR SERVICE PROVIDERS OR ANY OF THEIR AFFILIATES, ACCOUNT PROVIDERS OR ANY OF THEIR AFFILIATES, WILL BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES, EVEN IF WE OR OUR SERVICE PROVIDERS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, RESULTING FROM OR ARISING IN ANY WAY OUT OF: (I) THE USE OR THE INABILITY TO USE THE AGGREGATION SERVICES; (II) THE COST OF GETTING SUBSTITUTE SERVICES; (III) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; (IV) STATEMENTS OR CONDUCT OF ANYONE ON THE AGGREGATION SERVICES; (V) THE USE, INABILITY TO USE, UNAUTHORIZED USE, PERFORMANCE OR NON-PERFORMANCE OF ANY THIRD-PARTY SITE, EVEN IF THE PROVIDER OF SUCH THIRD-PARTY SITE HAS BEEN ADVISED PREVIOUSLY OF THE POSSIBILITY OF SUCH DAMAGES; (VI) ANY PRODUCTS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO, THROUGH OR FROM THE AGGREGATION SERVICES; (VII) THE FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OF THE AGGREGATION SERVICES, EVEN IF WE, INCLUDING OUR AFFILIATES, OR REPRESENTATIVES THEREOF, ARE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR EXPENSES; OR (VIII) ANY OTHER MATTER RELATING TO THE AGGREGATION SERVICES.
HYPERLINKS TO OTHER INTERNET RESOURCES ARE AT YOUR OWN RISK. THE PRODUCTS, SERVICES, INFORMATION, AND/OR MATERIALS OBTAINED THROUGH THE AGGREGATION SERVICES ARE PROVIDED AND SERVICED BY, AND SUBJECT TO THE TERMS, CONDITIONS AND/OR WARRANTIES, IF ANY, OFFERED BY THE RESPECTIVE THIRD-PARTY PROVIDER OF SUCH PRODUCTS, SERVICES, INFORMATION AND/OR MATERIALS. WE, INCLUDING OUR AFFILIATES, MAKE NO REPRESENTATION WITH RESPECT TO, AND SHALL NOT BE HELD LIABLE OR ACCOUNTABLE FOR, THE CONFORMITY OF THIRD-PARTY PRODUCTS, SERVICES, INFORMATION AND/OR MATERIALS TO SUCH TERMS, CONDITIONS AND WARRANTIES.
Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations may not apply to you.
We reserve the right to change or discontinue, temporarily or permanently, the Aggregation Services at any time without notice to you. In order to maintain the security and integrity of the Aggregation Services we may also suspend your access to such services at any time without notice. In addition, we may discontinue the provision of such services to you for any reason.
Certain information provided through this site has been filed with the United States Securities and Exchange Commission ("SEC") (such materials being referred to as "SEC Materials"). AllianceBernstein L.P. and AllianceBernstein Holding L.P. do not assume any duty of disclosure beyond that which is imposed by law, and expressly disclaim any duty to update any information set forth in the SEC Materials. The SEC Materials should be read in conjunction with AllianceBernstein L.P.'s and AllianceBernstein Holding L.P.'s periodic reports filed with the SEC, including the disclosures therein of certain factors which may affect AllianceBernstein L.P. Holding's future performance. Individual statements appearing in the SEC Materials are intended to be read in conjunction with and in the context of the complete SEC Materials in which they appear, rather than as stand-alone statements.
Certain statements included in both the SEC Materials and other public disclosures of AllianceBernstein L.P. and AllianceBernstein Holdings L.P. contained on this site are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of such factors include, but are not limited to, the following: the performance of financial markets, the investment performance of AllianceBernstein's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. AllianceBernstein L.P. and AllianceBernstein Holdings L.P. caution readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AllianceBernstein L.P. and AllianceBernstein Holdings L.P. undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
When appropriate, certain research reports on this website are filed with the Financial Industry Regulatory Authority ("FINRA") for evaluation. To obtain copies of these evaluations (i.e., Review Letters), please send your request to: AllianceBernstein L.P., c/o Legal and Compliance Department, 1345 Avenue of the Americas, New York, NY 10105, USA.
For Bernstein Global Wealth Management Clients
Your use and access of this site shall be governed by New York law, without giving effect to its conflict of law principles. You hereby agree that any legal action arising out of or relating to this site shall be brought only in the federal or state courts in the State of New York. You hereby agree that jurisdiction and venue are proper in such courts. This site is not intended for distribution to or use by any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Account information (other than materials from Sanford C. Bernstein Co., LLC - "SCB")
Account information (other than materials from Sanford C. Bernstein Co., LLC - "SCB") provided on this site does not purport to represent any of the disclosure documents that must be delivered to you pursuant to various rules and regulations governing the securities industry. You should continue to review carefully and rely upon the account and transactional information found in your account statements, SCB brokerage statements, SCB confirmations and other brokerage information provided to you either through the mail or this site and keep copies for future reference. Account performance, for managed assets only, is presented here before management fees but after transaction charges, except for accounts on an all-inclusive fee basis. Unmanaged assets are incorporated in reported account values. Online account information may differ from data disclosed in SCB brokerage statements for a variety of reasons. For example, SCB brokerage statements post transactions as of settlement date while the online data are shown as of trade date; online data accrue interest on fixed-income instruments whereas the mailed brokerage statements do not.
Materials of Sanford C. Bernstein & Co., LLC ("SCB")
Brokerage statements (including attached notices), trade confirmations, mutual-fund prospectuses, annual and semi-annual financial statements and other material designated as generated or provided by SCB (collectively "SCB Material") are being made available to you through this site by AllianceBernstein as a service to SCB. All matters and disclosures relevant to the SCB Material are included therein. By accessing the SCB Material, you accept that you have accessed and read all disclosures contained therein. AllianceBernstein has not and will not independently verify any of the information provided by SCB and therefore is not responsible for any inaccuracies or omissions in such information. Accordingly, AllianceBernstein and its affiliates (other than SCB) cannot warrant the accuracy of completeness of any SCB Material and shall have no liability in connection with such SCB Material. Past performance does not guarantee future results.
This site is issued into the United Kingdom by AllianceBernstein Limited, which is authorised and regulated by the Financial Conduct Authority and registered in the FCA Register (at http://www.fca.gov.uk/register/) at its registered office, 50 Berkeley Street, London W1J 8HA and is registered for value-added tax under VAT number 577714012.
Jurisdiction: If you are accessing this site from outside of the UK, your local legislation/regulation may not permit AllianceBernstein to offer products or services to you in your own country. You should check with your professional adviser as to whether such products are available in the country of your residence. The products and services referred to in this site are not offered to any person or entity in any jurisdiction where the advertisement, offer or sale of such products and services is restricted or prohibited by law or regulation or where any AllianceBernstein office or company would be subject to any registration or licensing requirement.
Governing Law: This site and its terms and conditions are governed by and shall be construed in accordance with English law and are subject to the exclusive jurisdiction of the English courts.
Complaints: If you have a complaint regarding this site or any service provided in the UK by AllianceBernstein, you can inform us of your complaint in writing, by phone, e-mail or in person. You should write to Chief Compliance Officer at:
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To help us fully investigate and resolve your complaint as quickly as possible please provide the following information:
Your name and address Your account number A daytime telephone number where we can contact you A clear description of your concern or complaint Details of what you would like us to do to put right your concern or complaint Copies of any relevant documents you may have
The information in this website is provided by AllianceBernstein Japan Ltd. ("ABJ"). ABJ is a registered investment advisor (registration number: Kanto Financial Bureau Chief no. 848) with approval to conduct the discretionary investment advisory business (approval number: Financial Reconstruction Committee no. 22). It is also a member of Japan Securities Investment Advisers Association (membership no. 011-00848).
This document has been provided by AllianceBernstein Investments, Inc. Tokyo Branch , a Type 1 financial instruments firm (registration number: Kanto Local Financial Bureau - "Financial Instruments Firm" #205). It is also a member of Japanese Securities Dealer Association.
Investment strategies and products of AllianceBernstein Japan Ltd. include investments in financial instruments whose prices fluctuate. Portfolio performance is affected by the fluctuation of prices of such financial instruments. Additionally, because AllianceBernstein Japan Ltd. enters into such transactions mentioned above with financial instruments firms, investment performance is affected by the change in their businesses and/or financial conditions.
The risk such as depreciation of assets belongs to clients. Therefore, there is no guarantee of principal and/or return. Types and natures of risks involved vary depending on the types of assets, investment restrictions, markets and countries that each investment account and/or ITM fund adopts. Because the amount of fees, (i.e. investment management fees, subscription fees, CDSCs and the other fees), and the sum of such amounts are different, it is not possible to indicate the amount of fees beforehand. Please read prospectuses or documents to be furnished prior to the conclusion of contracts carefully before making any decision.
AllianceBernstein L.P. does not provide investment advice or deal in securities in Canada. The information on this website is provided by AllianceBernstein Canada, Inc. or Sanford C. Bernstein Co., LLC.
Users in Australia
Information on this website has been issued by AllianceBernstein Australia Limited (ABN 53 095 022 718 and AFSL 230698). Information contained in this website is intended only for persons that qualify as “wholesale clients”, as defined in the Corporations Act 2001 (Cth of Australia), and should not be construed as advice.
Users in New Zealand
The information on this website is issued by AllianceBernstein New Zealand Limited (AK 980088). Information contained in this website is intended for institutional investors only, and should not be construed as investment advice.
AllianceBernstein L.P. does not provide investment advice or portfolio-management services or deal in securities in Hong Kong. The information on this website has been provided by AllianceBernstein Hong Kong Limited (聯博香港有限公司), an entity which is licensed by the Securities and Futures Commission of Hong Kong under the Securities and Futures Ordinance (Cap. 571) of Hong Kong (”SFO”) to carry out Types 1 (dealing in securities), 4 (advising on securities), 5 (advising on futures contracts) and 9 (asset management) regulated activities. The issuer of these articles is AllianceBernstein Hong Kong Limited (聯博香港有限公司). These articles have not been reviewed by the Securities and Futures Commission.
Investment involves risks. There is no guarantee that any forecasts or opinions in this material will be realized. Information should not be construed as investment advice.
AllianceBernstein® and the AB logo are registered trademarks and service marks used by permission of the owner, AllianceBernstein L.P.
For Users in Singapore
The information on this website has been issued by AllianceBernstein (Singapore) Limited. (Company Registration No. 199703364C). AllianceBernstein (Singapore) Limited is a holder of a capital markets services license issued by the Monetary Authority of Singapore to conduct regulated activities in fund management and dealing in securities.
Investment involves risks. There is no guarantee that any forecasts or opinions in this material will be realized. Information should not be construed as investment advice.
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For Users in Korea
The information in this website is provided by Alliance Bernstein Limited (ABL). ABL is a licensed cross-border discretionary investment-management company registered with the Financial Supervisory Commission of Korea (FSC registration number: 05-02-184) permitted to conduct discretionary investment-management services to qualified investors of Korea.
In Korea, this site is directed only at "qualified investors" (as defined under the Indirect Investment Asset Management Business Act (the "AMBA"), which includes financial institutions and certain pension funds. Further, please note that under the Foreign Exchange Transaction Regulations (the "FETR"), certain institutional investors including banks, securities companies, insurance companies and asset-management companies are permitted to invest in foreign securities directly. Before proceeding with your investment decision, you should ensure that you comply with the AMBA, the FETR, and other applicable laws and regulations in Korea.
For Users in Taiwan
AllianceBernstein L.P. does not provide investment advice or portfolio-management services or deal in securities in Taiwan. The products/services illustrated here may not be available to Taiwan residents. Before proceeding with your investment decision, please consult your investment advisor.