AB Announces December 31, 2021 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a 3% increase in preliminary assets under management, reaching $779 billion by December 31, 2021, up from $759 billion at the end of November 2021. This growth was attributed to market appreciation and firmwide net inflows, with all channels reflecting positive net flows, particularly in Institutional and Retail segments. The firm is committed to maintaining its position as a leading global investment management firm, emphasizing high-quality research and diversified investment services.

Positive

• Preliminary assets under management increased by 3%, from $759 billion to $779 billion.
• All channels reported positive net flows in December, indicating strong investor interest.

Negative

• None.

NASHVILLE, Tenn., Jan. 11, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $779 billion during December 2021 from $759 billion at the end of November. Market appreciation and firmwide net inflows drove the 3% increase. All channels reflected positive net flows in the month of December, led by Institutional and Retail. 

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At December 31, 2021																		At Nov 30
																			2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	74				$	154			$	60				$	288			$	273
Passive	29					41				2					72				70
Total Equity	103					195				62					360				343
Fixed Income
Taxable	156					76				14					246				248
Tax-Exempt	1					29				27					57				57
Passive	—					13				—					13				12
Total Fixed Income	157					118				41					316				317
Alternatives/Multi-Asset Solutions(1)	77					7				19					103				99
Total	$	337				$	320			$	122				$	779			$	759
	At November 30, 2021
Total	$	329				$	311			$	119				$	759
(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 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 December 31, 2021, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.2% 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.

View original content:https://www.prnewswire.com/news-releases/ab-announces-december-31-2021-assets-under-management-301458671.html

SOURCE AllianceBernstein

FAQ

What are AllianceBernstein's assets under management as of December 31, 2021?

As of December 31, 2021, AllianceBernstein's assets under management increased to $779 billion.

How much did AllianceBernstein's assets under management increase in December 2021?

AllianceBernstein's assets under management increased by $20 billion, or 3%, in December 2021.

What drove the increase in assets under management for AllianceBernstein in December 2021?

The increase was driven by market appreciation and firmwide net inflows.

Which channels showed growth in net flows for AllianceBernstein in December 2021?

All channels, especially Institutional and Retail, reported positive net flows in December 2021.