AB Announces August 31, 2023 Assets Under Management

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AllianceBernstein reports a 1.4% decline in assets under management (AUM) to $694 billion in August 2023 from $704 billion in July, due to market depreciation despite positive net inflows across all channels.

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• 1.4% decline in AUM to $694 billion from $704 billion due to market depreciation

NASHVILLE, Tenn., Sept. 12, 2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $694 billion during August 2023 from $704 billion at the end of July. Positive net inflows across all three channels (Retail, Institutions and Private Wealth) were offset by market depreciation, resulting in a 1.4% AUM decline during the month of August.  

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At August 31, 2023																At Jul 31,
																	2023
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	58			$	130			$	49			$	237			$	243
Passive	23				34				3				60				62
Total Equity	81				164				52				297				305
Fixed Income
Taxable	124				60				17				201				202
Tax-Exempt	1				30				26				57				57
Passive	1				9				—				10				9
Total Fixed Income	126				99				43				268				268
Alternatives/Multi-Asset Solutions(1)	102				6				21				129				131
Total	$	309			$	269			$	116			$	694			$	704
	At July 31, 2023
Total	$	314			$	272			$	118			$	704
(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, 2022 or form 10-Q for the quarter ended June 30, 2023. 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, 2023, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 39.3% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 61.4% economic interest in AllianceBernstein.

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

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SOURCE AllianceBernstein