AB Announces October 31, 2022 Assets Under Management

Rhea-AI Summary

On November 9, 2022, AllianceBernstein (AB) reported a rise in Assets Under Management (AUM) to $627 billion as of October 31, 2022, up from $613 billion in September, marking a 2% increase. This growth was driven by market appreciation despite net outflows across all channels. The detailed AUM included significant contributions from actively managed, fixed income, and alternative investments. Cautions regarding forward-looking statements were noted, highlighting risks like market performance and economic conditions.

Positive

• Assets Under Management increased to $627 billion, up 2% from $613 billion.
• Growth driven by market appreciation despite net outflows.

Negative

• Net outflows observed across all channels, indicating potential challenges in attracting new investments.

NASHVILLE, Tenn., Nov. 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 $627 billion during October 2022 from $613 billion at the end of September. The 2% AUM increase was driven by market appreciation, partially offset by net outflows in each channel.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At October 31, 2022																At Sep 30
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	54			$	115			$	46			$	215			$	203
Passive	22				31				2				55				52
Total Equity	76				146				48				270				255
Fixed Income
Taxable	118				52				14				184				187
Tax-Exempt	1				26				24				51				52
Passive	—				9				—				9				10
Total Fixed Income	119				87				38				244				249
Alternatives/Multi-Asset Solutions(1)	89				6				18				113				109
Total	$	284			$	239			$	104			$	627				613
	At September 30, 2022
Total	$	279			$	233			$	101			$	613
(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-october-31-2022-assets-under-management-301673521.html

SOURCE AllianceBernstein

FAQ

What are the recent AUM figures for AllianceBernstein as of October 2022?

AllianceBernstein reported Assets Under Management of $627 billion as of October 31, 2022.

How much did AllianceBernstein's AUM increase from September to October 2022?

The AUM increased by $14 billion, from $613 billion in September to $627 billion in October 2022.

What factors contributed to the increase in AUM for AllianceBernstein in October 2022?

The increase in AUM was primarily driven by market appreciation.

Did AllianceBernstein experience any outflows in October 2022?

Yes, AllianceBernstein experienced net outflows across all channels during October 2022.

What are the potential risks mentioned by AllianceBernstein regarding future performance?

AllianceBernstein cautioned that actual results may differ due to risks such as market performance and economic conditions.