AB Announces December 31, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (NYSE: AB) reported a decrease in preliminary assets under management to $646 billion in December 2022, down from $658 billion at the end of November. This 2% reduction is attributed to market depreciation despite firmwide net inflows. Notably, the Institutions channel generated net inflows, while Private Wealth remained flat, and Retail experienced net outflows. Inflows to the low-fee Customized Retirement Strategies (CRS) platform totaled $6.4 billion.

Positive

• Institutions channel generated net inflows
• Inflows to Customized Retirement Strategies platform amounted to $6.4 billion

Negative

• Preliminary assets under management decreased by $12 billion (2%) in December 2022
• Retail segment posted net outflows

NASHVILLE, Tenn., Jan. 11, 2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $646 billion during December 2022 from $658 billion at the end of November. Firmwide net inflows were offset by market depreciation, driving the 2% decrease. By channel, Institutions generated net inflows while Private Wealth was flat and Retail posted net outflows. During the month, the firm experienced inflows to our low-fee Customized Retirement Strategies ("CRS") platform of $6.4 billion.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At December 31, 2022																At Nov 30
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	56			$	116			$	46			$	218			$	228
Passive	21				31				2				54				58
Total Equity	77				147				48				272				286
Fixed Income
Taxable	122				54				14				190				192
Tax-Exempt	1				27				25				53				53
Passive	—				9				—				9				9
Total Fixed Income	123				90				39				252				254
Alternatives/Multi-Asset Solutions(1)	97				6				19				122				118
Total	$	297			$	243			$	106			$	646				658
	At November 30, 2022
Total	$	299			$	250			$	109			$	658
(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, 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 December 31, 2022, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 39.4% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 61.3% 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-31-2022-assets-under-management-301719573.html

SOURCE AllianceBernstein

FAQ

What was the assets under management for AllianceBernstein as of December 31, 2022?

As of December 31, 2022, AllianceBernstein reported assets under management of $646 billion.

What caused the decrease in assets under management for AllianceBernstein?

The decrease in assets under management was caused by market depreciation, which offset firmwide net inflows.

How did different channels perform in December 2022 for AllianceBernstein?

The Institutions channel generated net inflows, the Private Wealth channel was flat, while the Retail channel experienced net outflows.

How much did the Customized Retirement Strategies platform attract in inflows?

The Customized Retirement Strategies platform attracted $6.4 billion in inflows during December 2022.