AB Announces November 30, 2021 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a decrease in preliminary assets under management to $759 billion as of November 30, 2021, down from $765 billion at the end of October. This 1% decline was attributed to market depreciation, which outweighed firmwide net inflows. Net inflows from Retail and Private Wealth were noted, but were partially offset by outflows from Institutions. The firm remains committed to providing diversified investment services despite the challenges posed by fluctuating market conditions.

Positive

• Net inflows in Retail and slight inflows in Private Wealth indicate continued interest from certain investor segments.

Negative

• 1% decrease in assets under management from $765 billion to $759 billion due to market depreciation.
• Outflows from Institutions negatively impact overall asset growth.

NASHVILLE, Tenn., Dec. 9, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $759 billion during November 2021 from $765 billion at the end of October. Firmwide net inflows were outweighed by market depreciation, resulting in a 1% decrease. By channel, net inflows to Retail and slight inflows to Private Wealth were partially offset by net outflows from Institutions.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At November 30, 2021																		At Oct 31
																			2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	68				$	147			$	57				$	272			$	275
Passive	29					40				2					71				73
Total Equity	97					187				59					343				348
Fixed Income
Taxable	157					76				15					248				250
Tax-Exempt	1					29				27					57				56
Passive	—					12				—					12				10
Total Fixed Income	158					117				42					317				316
Alternatives/Multi-Asset Solutions(1)	74					7				18					99				101
Total	$	329				$	311			$	119				$	759			$	765
	At October 31, 2021
Total	$	334				$	311			$	120				$	765
(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 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 September 30, 2021, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.1% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.7% 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-november-30-2021-assets-under-management-301441745.html

SOURCE AllianceBernstein

FAQ

What were AllianceBernstein's assets under management as of November 30, 2021?

As of November 30, 2021, AllianceBernstein's assets under management were $759 billion.

How did the assets under management change from October to November 2021 for AB?

Assets under management decreased from $765 billion at the end of October to $759 billion in November 2021.

What factors contributed to the decline in assets under management for AB?

The decline was primarily due to market depreciation that outweighed firmwide net inflows.

Did AllianceBernstein experience any net inflows in November 2021?

Yes, there were net inflows in Retail and slight inflows in Private Wealth, but these were offset by outflows from Institutions.

What was the percentage decrease in AB's assets under management from October to November 2021?

The percentage decrease in assets under management was 1%.