AB Announces August 31, 2021 Assets Under Management

Rhea-AI Summary

AllianceBernstein (AB) announced a rise in preliminary assets under management to $761 billion in August 2021, up 2% from $748 billion in July. This increase was driven by market appreciation and net inflows, although retail and institutional inflows were partially offset by modest outflows from private wealth. The firm continues to face risks due to market performance and economic conditions, which could impact future results.

Positive

• Assets under management grew to $761 billion, a 2% increase from July.
• The growth was driven by market appreciation and firmwide net inflows.

Negative

• Modest net outflows from private wealth sector may indicate potential issues.

NASHVILLE, Tenn., Sept. 13, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $761 billion during August 2021 from $748 billion at the end of July. Market appreciation and firmwide net inflows drove the 2% increase. In the month of August, net inflows to Retail and Institutions were partially offset by modest net outflows from Private Wealth.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At August 31, 2021																		At July 31
																			2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	70				$	142			$	59				$	271			$	263
Passive	30					41				2					73				71
Total Equity	100					183				61					344				334
Fixed Income
Taxable	160					80				14					254				253
Tax-Exempt	1					27				27					55				55
Passive	—					9				—					9				9
Total Fixed Income	161					116				41					318				317
Alternatives/Multi-Asset Solutions(1)	75					7				17					99				97
Total	$	336				$	306			$	119				$	761			$	748
	At July 31, 2021
Total	$	332				$	299			$	117				$	748
(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, 2020 or form 10-Q for the quarter ended June 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 June 30, 2021, 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 64.4% 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 were AllianceBernstein's assets under management in August 2021?

AllianceBernstein reported assets under management of $761 billion in August 2021.

How much did AllianceBernstein's assets grow by in August 2021?

Assets increased by 2%, up from $748 billion at the end of July 2021.

What factors contributed to the increase in assets for AllianceBernstein?

The increase was driven by market appreciation and net inflows.

Did AllianceBernstein experience any outflows in August 2021?

Yes, there were modest net outflows from the private wealth sector.