AB Announces March 31, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. reported a decrease in preliminary assets under management to $735 billion for March 2022, down from $740 billion in February, reflecting a 0.7% decline due to market depreciation and net outflows. Private Wealth attracted positive net flows; however, Institutional and Retail channels faced outflows. As of March 31, 2022, AB's financial metrics indicate a need to address outflows to stabilize asset levels.

Positive

• Private Wealth channel generated positive net flows.

Negative

• Total assets under management decreased to $735 billion from $740 billion.
• 0.7% decline was attributed to market depreciation.
• Institutional and Retail channels experienced net outflows.

NASHVILLE, Tenn., April 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 $735 billion during March 2022 from $740 billion at the end of February. The 0.7% decrease was due to market depreciation and firm-wide net outflows. By channel, Private Wealth generated positive net flows while Institutional and Retail posted net outflows.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At March 31, 2022																At Feb 28
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	68			$	142			$	55			$	265			$	262
Passive	27				37				2				66				65
Total Equity	95				179				57				331				327
Fixed Income
Taxable	145				66				15				226				235
Tax-Exempt	1				28				26				55				56
Passive	—				12				—				12				13
Total Fixed Income	146				106				41				293				304
Alternatives/Multi-Asset Solutions(1)	85				7				19				111				109
Total	$	326			$	292			$	117			$	735			$	740
	At February 28, 2022
Total	$	330			$	294			$	116			$	740
(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 March 31, 2022, 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 64.5% 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-march-31-2022-assets-under-management-301523070.html

SOURCE AllianceBernstein

FAQ

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

As of March 31, 2022, AllianceBernstein's assets under management were $735 billion.

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

The decrease was primarily due to market depreciation and firm-wide net outflows.

Which channel generated positive net flows for AllianceBernstein?

The Private Wealth channel generated positive net flows.

What is the decline percentage in assets under management for AllianceBernstein?

The decline in assets under management was 0.7% from February to March 2022.

How did the Institutional and Retail channels perform in March 2022?

Both Institutional and Retail channels posted net outflows.