AB Announces January 31, 2023 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a significant increase in its assets under management (AUM) to $680 billion as of January 31, 2023, up from $646 billion at the end of December 2022. This 5% growth was primarily driven by market appreciation and positive net inflows, particularly in the Retail and Private Wealth segments. However, this was partially offset by net outflows in the Institutional sector. Overall, the firm's strong financial standing indicates a positive trajectory in the investment management landscape.

Positive

• Assets under management increased to $680 billion from $646 billion, reflecting a 5% growth.
• The increase was driven by both market appreciation and net inflows from Retail and Private Wealth.

Negative

• Modest net outflows in the Institutional segment partially offset the positive growth.

NASHVILLE, Tenn., Feb. 9, 2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $680 billion during January 2023 from $646 billion at the end of December. Market appreciation coupled with firmwide net inflows drove the 5% increase. In the month of January, 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 January 31, 2023																At Dec 31
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	61			$	124			$	49			$	234			$	218
Passive	22				33				3				58				54
Total Equity	83				157				52				292				272
Fixed Income
Taxable	126				57				15				198				190
Tax-Exempt	1				28				26				55				53
Passive	—				9				—				9				9
Total Fixed Income	127				94				41				262				252
Alternatives/Multi-Asset Solutions(1)	101				6				19				126				122
Total	$	311			$	257			$	112			$	680				646
	At December 31, 2022
Total	$	297			$	243			$	106			$	646
(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-january-31-2023-assets-under-management-301743443.html

SOURCE AllianceBernstein

FAQ

What was the assets under management for AllianceBernstein as of January 31, 2023?

As of January 31, 2023, AllianceBernstein reported assets under management of $680 billion.

How much did AllianceBernstein's assets under management increase in January 2023?

AllianceBernstein's assets under management increased by $34 billion, or 5%, from December 2022.

What factors contributed to the increase in AllianceBernstein's assets under management?

The increase was driven by market appreciation and net inflows, particularly in Retail and Private Wealth.

Did AllianceBernstein experience any outflows in January 2023?

Yes, there were modest net outflows in the Institutional segment during January 2023.