AB Announces February 28, 2023 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a decrease in preliminary assets under management (AUM) to $665 billion as of February 28, 2023, down from $680 billion at the end of January. This 2% decline was driven by market depreciation that offset firmwide net inflows. The inflows into Retail and Private Wealth were partially counterbalanced by modest outflows in the Institutional segment. The report highlights market conditions affecting AUM and emphasizes the ongoing challenges the company faces.

Positive

• Retail and Private Wealth segments experienced net inflows.

Negative

• Total AUM decreased by $15 billion due to market depreciation.
• Institutional segment saw modest net outflows.

NASHVILLE, Tenn., March 9, 2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $665 billion during February 2023 from $680 billion at the end of January. Firmwide net inflows were offset by market depreciation, resulting in a 2% decline in AUM. In the month of February, net inflows to Retail and Private Wealth were partially offset by modest Institutional net outflows.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At February 28, 2023																At Jan 31
																	2023
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	58			$	120			$	48			$	226			$	234
Passive	22				31				3				56				58
Total Equity	80				151				51				282				292
Fixed Income
Taxable	123				57				15				195				198
Tax-Exempt	1				28				25				54				55
Passive	—				9				—				9				9
Total Fixed Income	124				94				40				258				262
Alternatives/Multi-Asset Solutions(1)	100				6				19				125				126
Total	$	304			$	251			$	110			$	665				680
	At January 31, 2023
Total	$	311			$	257			$	112			$	680
(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 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.

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SOURCE AllianceBernstein

FAQ

What is the latest AUM for AllianceBernstein (AB) as of February 2023?

As of February 28, 2023, AllianceBernstein reported AUM of $665 billion.

How much did AllianceBernstein's AUM decline in February 2023?

AllianceBernstein's AUM declined by $15 billion in February 2023.

What factors contributed to the decline in AUM for AllianceBernstein (AB)?

The decline in AUM was primarily due to market depreciation that offset net inflows.

Did AllianceBernstein (AB) experience any net inflows in February 2023?

Yes, AllianceBernstein experienced net inflows in both Retail and Private Wealth segments.