After 18-month walkabout, veteran Bay Area Bernstein Private Wealth exec comes 'home'

Daniel Eagan returned to the $9-billion-AUM wealth management unit of AllianceBernstein LP to take up where he left off after a year and a half of sampling the hue of the flora on the other side of the fence at a rival wealth manager.

Arriving at Bernstein Private Wealth Management in 2001, Eagan progressed up the executive ladder, holding several positions including head of the private client practice in the Pacific Northwest. In 2004, he became SVP and managing director of the unit's private wealth practice in San Francisco.

But In late 2017, after 16 years with AllianceBernstein, Eagan accepted an offer from Hirtle Callaghan & Co. to become director of the portfolio management group. Hirtle, with headquarters in West Conshohocken, Pa., has about $22 billion of AUM. See: An $18-billion RIA tacks on a $24-billion U.S. Trust cast-off as the grab for UHNW magnets continues.

Now, he's back.

"I’m excited to be back at AllianceBernstein after spending nearly 20 years with the firm," Eagan says in an email. 

"I know its people, culture, and business very well, and returning feels like a welcome homecoming. In particularly, I have always respected Bernstein’s 50-year legacy and highest integrity in providing sound financial counsel to clients, and look forward to leading the San Francisco office, which is poised for tremendous growth."

The feeling is mutual.

"We're thrilled he has rejoined Bernstein and are confident that under his leadership, our business will continue to strengthen and gain momentum in the marketplace," said Brian Haloossim, senior managing drector at Bernstein Private Wealth Management overseeing the firm's West Coast business, in a statement.

Before joining AllianceBernstein, Eagan was SVP and managing director at BlackRock Inc. Previously, he held consulting positions at Mercer Investment Consulting and Harris Investment Analytics. He holds a BS in finance from the University of Illinois and an MBA with distinction from DePaul University. He is a member of the CFA Society of San Francisco.

In other news from AllianceBernstein's West Coast, William Grayson was recently promoted to national director of family offices in the San Francisco office of Bernstein Private Wealth Management. He joined the firm in 2009 bringing experience as both a senior investment executive and as a litigator and corporate and government general counsel. Grayson was formerly the president of an RIA and hedge fund and before that worked for at J.P. Morgan & Co. and Montgomery Securities.

AllianceBernstein acts as the broker-dealer for Bernstein Private Wealth, which was formerly Bernstein Global Wealth Management. See: A Harvard lawyer, a Columbia MBA and an engineer break away from AllianceBernstein private client unit to form an RIA.