AB Announces September 30, 2022 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (NYSE: AB) reported a decline in preliminary assets under management (AUM) to $613 billion as of September 30, 2022, down from $667 billion at August's end. This 8% decrease is attributed to market depreciation and net outflows, particularly from Retail, which saw $2.2 billion in AXA redemptions, completing the expected $4 billion for the year.

Positive

• Strategic management of assets amid challenging market conditions.
• Continued presence in diverse investment channels.

Negative

• 8% decline in AUM from August 2022 to September 2022.
• Net outflows from Retail channel due to AXA redemptions.
• Concerns over market depreciation affecting overall AUM.

NASHVILLE, Tenn., Oct. 11, 2022 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $613 billion during September 2022 from $667 billion at the end of August. Market depreciation coupled with net outflows across each channel resulted in an 8% AUM decrease. Net outflows from Retail included AXA redemptions of $2.2 billion, completing the expected $4 billion in AXA redemptions for 2022.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At September 30, 2022																At Aug 31
																	2022
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	51			$	109			$	43			$	203			$	227
Passive	21				29				2				52				58
Total Equity	72				138				45				255				285
Fixed Income
Taxable	121				53				13				187				201
Tax-Exempt	1				26				25				52				55
Passive	—				10				—				10				11
Total Fixed Income	122				89				38				249				267
Alternatives/Multi-Asset Solutions(1)	85				6				18				109				115
Total	$	279			$	233			$	101			$	613				667
	At August 31, 2022
Total	$	304			$	255			$	108			$	667
(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 June 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-september-30-2022-assets-under-management-301646488.html

SOURCE AllianceBernstein

FAQ

What is the latest AUM reported by AllianceBernstein as of September 30, 2022?

AllianceBernstein reported an AUM of $613 billion as of September 30, 2022.

How much did AllianceBernstein's AUM decrease in September 2022?

AllianceBernstein's AUM decreased by 8%, from $667 billion at the end of August to $613 billion.

What contributed to the AUM decline for AllianceBernstein in September 2022?

The decline was caused by market depreciation and net outflows, particularly significant AXA redemptions.

How much were the AXA redemptions affecting AllianceBernstein's AUM?

There were AXA redemptions of $2.2 billion in September, completing a total of $4 billion for the year.