Phoenix W Partners With Global Investment Giant Bernstein
Translated & summarized from Ice by baba
The story in 5 lines · by baba
- Phoenix W partners with Bernstein Private Wealth Management.
- The deal expands wealth management services in Israel.
- Israeli clients gain access to global investment platforms.
- The partnership offers comprehensive financial planning.
- Both firms cite growing demand for global investment advice.
Phoenix W, the wealth management arm of Phoenix Investments and part of the Phoenix Group, announced a strategic partnership on Monday with Bernstein Private Wealth Management, the private wealth management division of AllianceBernstein. The collaboration aims to expand Phoenix W's wealth management services in Israel by integrating its local expertise with Bernstein's global capabilities.
This new partnership will offer high-net-worth individuals and affluent families in Israel access to Bernstein's global investment platform, wealth planning expertise, and advisory services. Clients will also benefit from Phoenix W's deep understanding of the Israeli market and its established client relationships.
The collaboration will provide access to a wide range of investment and wealth management solutions, including global markets exposure (stocks, bonds, ETFs), alternative investments (hedge funds, private equity, real estate), comprehensive financial planning (retirement, trusts, intergenerational wealth transfer, philanthropy), and personalized strategies for intergenerational wealth preservation and transfer.
Yonatan Itin, Chairman of Phoenix W, stated that the company sees a growing demand from clients for advice connecting their Israeli financial activities with global investment opportunities. He noted Bernstein's extensive experience in investment, planning, and wealth management makes them a natural partner, enabling them to offer clients a global perspective, strategic advice, and personalized planning for an increasingly complex and global financial landscape.
Hono Erzan, President and Head of Global Private Wealth Management at AllianceBernstein, commented that the partnership reflects the increasing demand among Israeli investors for comprehensive advice that includes advanced wealth planning and management aspects alongside investment management. He added that their goal is to help clients navigate financial markets and make informed decisions regarding their investments and financial management.
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