AB Announces September 30, 2021 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (NYSE: AB) reported a decline in assets under management (AUM) to $742 billion as of September 30, 2021, down from $761 billion at the end of August, reflecting a 2% decrease.

The reduction was attributed to market depreciation outweighing firmwide net inflows, with net inflows to Retail and Private Wealth being partially offset by outflows from Institutions. The financial management firm continues to navigate challenging market conditions that impact AUM.

Positive

• Net inflows to Retail and Private Wealth, indicating sustained interest in these segments.

Negative

• Decrease in AUM by $19 billion or 2% from August 2021.
• Net outflows from Institutions, impacting overall AUM.

NASHVILLE, Tenn., Oct. 12, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $742 billion during September 2021 from $761 billion at the end of August. Firmwide net inflows were outweighed by market depreciation, resulting in a 2% decline in AUM. In the month of September, net inflows to Retail and Private Wealth were partially offset by net outflows from Institutions.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At September 30, 2021																		At Aug 31
																			2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	67				$	137			$	56				$	260			$	272
Passive	29					39				1					69				72
Total Equity	96					176				57					329				344
Fixed Income
Taxable	157					80				15					252				254
Tax-Exempt	1					27				27					55				55
Passive	—					9				—					9				9
Total Fixed Income	158					116				42					316				318
Alternatives/Multi-Asset Solutions(1)	73					7				17					97				99
Total	$	327				$	299			$	116				$	742			$	761
	At August 31, 2021
Total	$	336				$	306			$	119				$	761
(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 June 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-september-30-2021-assets-under-management-301398468.html

SOURCE AllianceBernstein

FAQ

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

As of September 30, 2021, AllianceBernstein's assets under management were $742 billion.

How much did AllianceBernstein's AUM decrease in September 2021?

AllianceBernstein's AUM decreased by $19 billion, or 2%, in September 2021.

What factors contributed to the decline in AUM for AB in September 2021?

The decline in AUM was primarily due to market depreciation, which outweighed net inflows.

Did AllianceBernstein experience any net inflows or outflows in September 2021?

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