AB Announces April 30, 2022 Assets Under Management

Rhea-AI Summary

On May 10, 2022, AllianceBernstein L.P. reported a decline in preliminary assets under management, falling to $685 billion in April 2022 from $735 billion at the end of March, marking a 7% decrease. This drop was primarily attributed to market depreciation and net outflows across Private Wealth, Retail, and Institutional channels. The report uses data as of April 30, 2022, highlighting the firm's challenges in maintaining assets amid a volatile market environment.

Positive

• None.

Negative

• 7% decrease in assets under management from $735 billion to $685 billion.
• Firm-wide net outflows observed in Private Wealth, Retail, and Institutional channels.

NASHVILLE, Tenn., May 10, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $685 billion during April 2022 from $735 billion at the end of March. The 7% decrease was primarily due to market depreciation, coupled with firm-wide net outflows. By channel, Private Wealth, Retail and Institutional each posted net outflows.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At April 30, 2022																At Mar 31
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	63			$	128			$	51			$	242			$	265
Passive	24				34				2				60				66
Total Equity	87				162				53				302				331
Fixed Income
Taxable	137				62				14				213				226
Tax-Exempt	1				27				25				53				55
Passive	—				12				—				12				12
Total Fixed Income	138				101				39				278				293
Alternatives/Multi-Asset Solutions(1)	80				7				18				105				111
Total	$	305			$	270			$	110			$	685			$	735
	At March 31, 2022
Total	$	326			$	292			$	117			$	735
(1) Includes certain multi-asset solutions and services not included in equity or fixed income services.

Cautions Regarding Forward-Looking Statements

Certain statements provided by management in this news release 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 that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, integration of acquired companies, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in AB's Form 10-K for the year ended December 31, 2021 or form 10-Q for the quarter ended September 30, 2021. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, other documents AB files with or furnishes to the SEC and any other public statements issued by AB, may turn out to be wrong. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed above, could also adversely affect AB's financial condition, results of operations and business prospects.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.

As of March 31, 2022, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.3% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.5% economic interest in AllianceBernstein.

Additional information about AB may be found on our website, www.alliancebernstein.com.

 

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SOURCE AllianceBernstein

FAQ

What are the latest assets under management reported by AllianceBernstein (AB) as of April 2022?

AllianceBernstein reported assets under management of $685 billion as of April 30, 2022.

How much did AllianceBernstein's assets under management decrease in April 2022?

The assets under management decreased by 7%, from $735 billion in March 2022 to $685 billion in April 2022.

What factors contributed to the decrease in AllianceBernstein's assets under management in April 2022?

The decrease was primarily due to market depreciation and net outflows across Private Wealth, Retail, and Institutional channels.

What date was the press release regarding AllianceBernstein's assets under management issued?

The press release was issued on May 10, 2022.