AB Announces May 31, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) announced a rise in assets under management to $687 billion as of May 31, 2022, from $685 billion at April 30, 2022. This increase resulted from positive net inflows across institutions and slight market appreciation. However, net inflows to institutions were somewhat offset by minor outflows from retail and private wealth channels. The announcement indicates a stable financial position for AB, though it signifies mixed performance across different client segments.

Positive

• Assets under management increased to $687 billion, showing growth from $685 billion the previous month.
• Net inflows from institutional clients indicate a strong demand for investment management services.

Negative

• Modest net outflows from retail and private wealth clients could signal challenges in those segments.

NASHVILLE, Tenn., June 9, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $687 billion during May 2022 from $685 billion at the end of April. The increase was due to firm-wide net inflows and slight market appreciation. By channel, net inflows to Institutions were partially offset by modest net outflows from Retail and Private Wealth.

 

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At May 31, 2022																At Apr 30
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	64			$	127			$	51			$	242			$	242
Passive	24				35				2				61				60
Total Equity	88				162				53				303				302
Fixed Income
Taxable	138				60				13				211				213
Tax-Exempt	1				28				26				55				53
Passive	—				12				—				12				12
Total Fixed Income	139				100				39				278				278
Alternatives/Multi-Asset Solutions(1)	81				7				18				106				105
Total	$	308			$	269			$	110			$	687				685
	At April 30, 2022
Total	$	305			$	270			$	110			$	685
(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 March 31, 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 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-may-31-2022-assets-under-management-301565315.html

SOURCE AllianceBernstein

FAQ

What was the assets under management for AllianceBernstein as of May 31, 2022?

As of May 31, 2022, AllianceBernstein reported assets under management of $687 billion.

What caused the increase in assets under management for AB in May 2022?

The increase in assets under management was driven by firm-wide net inflows and slight market appreciation.

Did AllianceBernstein experience any outflows in May 2022?

Yes, there were modest net outflows from retail and private wealth channels.