AB Announces November 30, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reported a 5% increase in assets under management (AUM), rising to $658 billion as of November 30, 2022, up from $627 billion at the end of October. This growth was primarily driven by market appreciation, although net outflows were noted across Retail and Institutional channels, with Private Wealth showing slight net inflows. The firm continues to navigate challenges while aiming to enhance its investment strategies.

Positive

• 5% increase in AUM to $658 billion.
• Market appreciation contributed to AUM growth.
• Private Wealth channel reported slight net inflows.

Negative

• Net outflows observed in Retail and Institutional channels.

NASHVILLE, Tenn., Dec. 12, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $658 billion during November 2022 from $627 billion at the end of October. The 5% AUM increase was driven by market appreciation, partially offset by firm-wide net outflows. By channel, Retail and Institutions posted net outflows while Private Wealth was slightly positive.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At November 30, 2022																At Oct 31
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	58			$	121			$	49			$	228			$	215
Passive	24				32				2				58				55
Total Equity	82				153				51				286				270
Fixed Income
Taxable	123				55				14				192				184
Tax-Exempt	1				27				25				53				51
Passive	—				9				—				9				9
Total Fixed Income	124				91				39				254				244
Alternatives/Multi-Asset Solutions(1)	93				6				19				118				113
Total	$	299			$	250			$	109			$	658				627
	At October 31, 2022
Total	$	284			$	239			$	104			$	627
(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 September 30, 2022, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.5% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.3% 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-november-30-2022-assets-under-management-301700569.html

SOURCE AllianceBernstein

FAQ

What was AllianceBernstein's assets under management as of November 2022?

As of November 30, 2022, AllianceBernstein's assets under management were $658 billion.

How much did AllianceBernstein's AUM increase in November 2022?

AllianceBernstein's AUM increased by 5% in November 2022.

What factors influenced the increase in AB's assets under management?

The increase was primarily driven by market appreciation, although it was partially offset by net outflows.

Which channels experienced net outflows for AllianceBernstein in November 2022?

The Retail and Institutional channels posted net outflows.

Did AllianceBernstein's Private Wealth channel experience any changes in November 2022?

Yes, the Private Wealth channel reported slight positive net inflows.