AB Announces November 30, 2023 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) reports a 6.7% increase in assets under management (AUM) to $696 billion in November 2023 from $652 billion in October. The increase is attributed to market appreciation and net inflows across all distribution channels. AUM breakdown shows significant growth in equity, fixed income, and alternatives/multi-asset solutions.

Positive

• 6.7% increase in AUM indicates strong growth
• Net inflows across all distribution channels demonstrate investor confidence
• Significant growth in equity, fixed income, and alternatives/multi-asset solutions

Negative

• None.

NASHVILLE, Tenn., Dec. 11, 2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $696 billion during November 2023 from $652 billion at the end of October. The 6.7% AUM increase was due to market appreciation and firmwide net inflows into all three distribution channels - Retail, Institutions and Private Wealth.     

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At November 30, 2023																Oct 31,
																	2023
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	57			$	131			$	49			$	237			$	219
Passive	23				33				3				59				54
Total Equity	80				164				52				296				273
Fixed Income
Taxable	121				61				18				200				190
Tax-Exempt	1				32				26				59				55
Passive	—				11				—				11				10
Total Fixed Income	122				104				44				270				255
Alternatives/Multi-Asset Solutions(1)	103				6				21				130				124
Total	$	305			$	274			$	117			$	696			$	652
	At October 31, 2023
Total	$	287			$	254			$	111			$	652
(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, 2022 or form 10-Q for the quarter ended September 30, 2023. 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, 2023, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 39.0% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 61.7% 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-30-2023-assets-under-management-302011719.html

SOURCE AllianceBernstein

FAQ

What is the latest AUM for AllianceBernstein L.P. (AB)?

AllianceBernstein L.P. (AB) reported a preliminary AUM of $696 billion in November 2023.

What caused the increase in AUM for AB?

The 6.7% AUM increase was due to market appreciation and net inflows into all three distribution channels - Retail, Institutions, and Private Wealth.

How does the breakdown of AUM look for AB?

The breakdown shows significant growth in equity, fixed income, and alternatives/multi-asset solutions.

What was the AUM in October 2023 for AB?

In October 2023, the AUM for AB was $652 billion.

What are the distribution channels that contributed to the AUM increase?

The AUM increase was attributed to net inflows into all three distribution channels - Retail, Institutions, and Private Wealth.