AB Announces February 28, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a decline in preliminary assets under management, falling to $739 billion in February 2022 from $751 billion at January's end, marking a 2% decrease. This drop was attributed to market depreciation overshadowing positive net inflows from the Institutional & Private Wealth channels, while Retail channels experienced modest outflows. The firm emphasized caution in forward-looking statements due to various risks, including financial market performance and regulatory changes.

Positive

• Institutional & Private Wealth channels generated positive net inflows.

Negative

• Total assets under management decreased by $12 billion.
• Modest outflows were observed in Retail channels.

NASHVILLE, Tenn., March 9, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $739 billion during February 2022 from $751 billion at the end of January. Firmwide net inflows were offset by market depreciation, resulting in a 2% decrease. By channel, Institutional & Private Wealth generated positive net flows while Retail posted modest outflows.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At February 28, 2022																At Jan 31
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	68			$	139			$	54			$	261			$	268
Passive	26				37				2				65				67
Total Equity	94				176				56				326				335
Fixed Income
Taxable	151				69				15				235				237
Tax-Exempt	1				29				26				56				56
Passive	1				12				—				13				13
Total Fixed Income	153				110				41				304				306
Alternatives/Multi-Asset Solutions(1)	83				7				19				109				110
Total	$	330			$	293			$	116			$	739			$	751
	At January 31, 2022
Total	$	333			$	300			$	118			$	751
(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, 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-february-28-2022-assets-under-management-301499406.html

SOURCE AllianceBernstein

FAQ

What is the current assets under management for AllianceBernstein as of February 2022?

As of February 2022, AllianceBernstein reported assets under management of $739 billion.

What caused the decrease in AllianceBernstein's assets under management in February 2022?

The decrease was primarily due to market depreciation that offset positive net inflows.

What performance trends were noted in different channels for AllianceBernstein in February 2022?

The Institutional & Private Wealth channels generated positive net inflows, while the Retail channel experienced modest outflows.

How much did AllianceBernstein's assets under management decline from January to February 2022?

AllianceBernstein's assets under management declined by $12 billion from January to February 2022.

What risks does AllianceBernstein highlight regarding its forward-looking statements?

AllianceBernstein cautions that financial market performance, investment product outcomes, and regulatory changes may significantly impact future results.