AB Announces January 31, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a decrease in preliminary assets under management, dropping from $779 billion at December 2021 to $751 billion by January 2022, marking a 3.5% decline due to market depreciation. While inflows were reported in the Institutional & Private Wealth channels, Retail flows remained flat. Notably, the Customized Retirement Strategies platform gained $9.6 billion in inflows during the month. The firm's performance reflects continued challenges in maintaining asset levels amid fluctuating market conditions.

Positive

• Customized Retirement Strategies platform saw inflows of $9.6 billion in January 2022.
• Institutional & Private Wealth channels generated net inflows despite the overall decline.

Negative

• Preliminary assets under management decreased from $779 billion to $751 billion, a drop of 3.5%.
• Retail flows were flat, indicating potential stagnation in that market segment.

NASHVILLE, Tenn., Feb. 11, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $751 billion during January 2022 from $779 billion at the end of December. Firmwide net inflows were offset by market depreciation, driving the 3.5% decrease. By channel, Institutional & Private Wealth generated inflows while Retail flows were essentially flat. During the month, the firm experienced inflows to our low-fee Customized Retirement Strategies (CRS) platform of $9.6 billion.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At January 31, 2022																At Dec 31
																	2021
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	69			$	142			$	57			$	268			$	288
Passive	27				38				2				67				72
Total Equity	96				180				59				335				360
Fixed Income
Taxable	151				72				14				237				246
Tax-Exempt	1				28				27				56				57
Passive	—				13				—				13				13
Total Fixed Income	152				113				41				306				316
Alternatives/Multi-Asset Solutions(1)	85				7				18				110				103
Total	$	333			$	300			$	118			$	751			$	779
	At December 31, 2021
Total	$	337			$	320			$	122			$	779
(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.

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SOURCE AllianceBernstein

FAQ

What were AllianceBernstein's assets under management as of January 2022?

As of January 2022, AllianceBernstein's assets under management were $751 billion.

What contributed to the decrease in assets under management for AB?

The decrease was primarily due to market depreciation, offsetting firmwide net inflows.

How much did Customized Retirement Strategies receive in inflows during January 2022?

The Customized Retirement Strategies platform received inflows of $9.6 billion in January 2022.

What are the challenges faced by AllianceBernstein's retail segment?

AllianceBernstein's retail segment experienced flat flows, indicating potential stagnation in that market.