AB Announces July 31, 2021 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a 1% increase in preliminary assets under management to $748 billion in July 2021, up from $738 billion in June. This growth was attributed to market appreciation and modest net inflows. While Retail and Private Wealth segments saw net inflows, there were net outflows from Institutions. As of June 30, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.4% of AllianceBernstein, enhancing its financial position.

Positive

• Assets under management increased to $748 billion from $738 billion, marking a notable growth.
• Retail and Private Wealth segments experienced net inflows, contributing to overall asset growth.

Negative

• Net outflows from Institutions could indicate potential issues in that segment.

NASHVILLE, Tenn., Aug. 11, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $748 billion during July 2021 from $738 billion at the end of June. Market appreciation and modest firmwide net inflows drove the 1% increase. In the month of July, net inflows to Retail and Private Wealth were partially offset by net outflows from Institutions.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At July 31, 2021																		At June
																			30, 2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	69				$	137			$	58				$	264			$	256
Passive	29					40				1					70				70
Total Equity	98					177				59					334				326
Fixed Income
Taxable	159					79				15					253				252
Tax-Exempt	1					27				27					55				54
Passive	—					9				—					9				9
Total Fixed Income	160					115				42					317				315
Alternatives/Multi-Asset Solutions(1)	74					7				16					97				97
Total	$	332				$	299			$	117				$	748			$	738
	At June 30, 2021
Total	$	329				$	294			$	115				$	738
(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, 2020 or form 10-Q for the quarter ended June 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 June 30, 2021, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.3% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.4% 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 are the assets under management for AllianceBernstein as of July 31, 2021?

As of July 31, 2021, AllianceBernstein reported assets under management of $748 billion.

What drove the increase in assets under management for AB in July 2021?

The 1% increase in assets was driven by market appreciation and modest net inflows.

How did retail and institutional segments perform in July 2021 for AB?

Retail and Private Wealth segments saw net inflows, while the Institutional segment experienced net outflows.

What percentage of AllianceBernstein does Equitable Holdings, Inc. own?

Equitable Holdings, Inc. owns approximately 64.4% of AllianceBernstein as of June 30, 2021.