AB Announces October 31, 2021 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) announced an increase in preliminary assets under management to $765 billion as of October 31, 2021, up from $742 billion at September 30, 2021. This 3% rise was primarily driven by market appreciation and firmwide net inflows. Notably, net inflows to Retail and Private Wealth areas were partly mitigated by net outflows from the Institutional segment. This performance reflects AB's ongoing strength in asset management despite mixed inflow trends.

Positive

• Assets under management increased to $765 billion, up 3% from $742 billion.
• Growth driven by market appreciation and net inflows.

Negative

• Institutional sector saw net outflows, indicating potential weaknesses in this segment.

NASHVILLE, Tenn., Nov. 9, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $765 billion during October 2021 from $742 billion at the end of September. Market appreciation and firmwide net inflows drove the 3% increase. In the month of October, net inflows to Retail and Private Wealth were partially offset by net outflows from Institutions.

Cautions Regarding Forward-Looking Statements

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At October 31, 2021																		At Sep 30
																			2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	70				$	146			$	59				$	275			$	260
Passive	31					41				1					73				69
Total Equity	101					187				60					348				329
Fixed Income
Taxable	156					79				15					250				252
Tax-Exempt	1					28				27					56				55
Passive	—					10				—					10				9
Total Fixed Income	157					117				42					316				316
Alternatives/Multi-Asset Solutions(1)	76					7				18					101				97
Total	$	334				$	311			$	120				$	765			$	742
	At Sep 30, 2021
Total	$	327				$	299			$	116				$	742
(1) Includes certain multi-asset solutions and services not included in equity or fixed income services.

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.

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SOURCE AllianceBernstein

FAQ

What are AllianceBernstein's assets under management as of October 2021?

As of October 31, 2021, AllianceBernstein's assets under management increased to $765 billion.

How did AllianceBernstein's assets under management change from September to October 2021?

Assets under management rose from $742 billion at the end of September 2021 to $765 billion by October 31, 2021.

What drove the changes in AllianceBernstein's assets under management in October 2021?

The increase was primarily driven by market appreciation and net inflows, although there were net outflows from the Institutional segment.

What were the net inflows and outflows for AllianceBernstein in October 2021?

In October 2021, net inflows were noted in Retail and Private Wealth, but these were partially offset by net outflows from Institutions.