A US-based subsidiary of French insurance giant AXA, AXA Financial provides financial advisory and insurance services through subsidiaries such as AXA Equitable, AXA Advisors, and AXA Distributors. These businesses offer life insurance, annuities, mutual funds, separate accounts, and other investment products. It caters to individuals, small businesses, and professional organizations. AXA Financial's investment management business is anchored by majority-owned affiliate AllianceBernstein and serves institutional and retail clients, including individuals with high net worth. AXA Financial and its subsidiaries have approximately $575 billion in assets under management, most of it at AllianceBernstein.