AB Announces August 31, 2022 Assets Under Management

Rhea-AI Summary

On September 12, 2022, AllianceBernstein reported a decline in preliminary assets under management (AUM) to $667 billion in August 2022, down from $689 billion in July. This 3% decrease was primarily attributed to market depreciation, despite net inflows in the Private Wealth channel. The firm experienced modest outflows from both Institutional and Retail channels, which partially offset the inflows.

Positive

• Net inflows were reported in the Private Wealth channel.

Negative

• Preliminary AUM decreased by 3% to $667 billion from $689 billion.
• Market depreciation outweighed net inflows.

NASHVILLE, Tenn., Sept. 12, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $667 billion during August 2022 from $689 billion at the end of July. Firm-wide net inflows in August were outweighed by market depreciation, resulting in a 3% AUM decrease. By channel, net inflows to Private Wealth were partially offset by modest outflows from Institutions and Retail.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At August 31, 2022																At Jul 31
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	59			$	120			$	48			$	227			$	238
Passive	23				33				2				58				61
Total Equity	82				153				50				285				299
Fixed Income
Taxable	131				56				14				201				206
Tax-Exempt	1				28				26				55				55
Passive	—				11				—				11				12
Total Fixed Income	132				95				40				267				273
Alternatives/Multi-Asset Solutions(1)	90				7				18				115				117
Total	$	304			$	255			$	108			$	667				689
	At July 31, 2022
Total	$	314			$	265			$	110			$	689
(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 June 30, 2022. 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, 2022, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.7% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 65.0% 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 was AllianceBernstein's assets under management in August 2022?

AllianceBernstein's assets under management were $667 billion in August 2022.

How much did assets under management decrease in August 2022 for AB?

Assets under management decreased by 3% in August 2022.

What factors contributed to the decline in AB's assets under management?

The decline was primarily due to market depreciation that outweighed net inflows.