Alliancebernstein Hldg L P - AB STOCK NEWS

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will announce their Fourth Quarter 2021 financial results on February 11, 2022. A teleconference will follow at 9:00 am (CT), hosted by key executives including President Seth Bernstein and CFO Ali Dibadj. Investors can access the conference via webcast or phone, with details provided in the announcement. A replay will be available for two weeks after the call. As of December 31, 2021, AllianceBernstein Holding owned approximately 36.2% of AllianceBernstein, while Equitable Holdings held about 64.5%.

AllianceBernstein (NYSE: AB) has partnered with Vestmark, Inc. to launch a Custom Municipal SMA Solutions platform. This initiative leverages AB's advanced technology, AbbieOptimizer, to offer customized municipal strategies for financial advisors and institutions. The collaboration aims to address challenges in the municipal market, providing faster funding, better pricing, and tax optimization. Financial advisors can now create personalized portfolios efficiently, enhancing wealth management services. This partnership highlights AB's commitment to innovative tech solutions in investment management.

AllianceBernstein L.P. (AB) reported a 3% increase in preliminary assets under management, reaching $779 billion by December 31, 2021, up from $759 billion at the end of November 2021. This growth was attributed to market appreciation and firmwide net inflows, with all channels reflecting positive net flows, particularly in Institutional and Retail segments. The firm is committed to maintaining its position as a leading global investment management firm, emphasizing high-quality research and diversified investment services.

AllianceBernstein L.P. (AB) reported a decrease in preliminary assets under management to $759 billion as of November 30, 2021, down from $765 billion at the end of October. This 1% decline was attributed to market depreciation, which outweighed firmwide net inflows. Net inflows from Retail and Private Wealth were noted, but were partially offset by outflows from Institutions. The firm remains committed to providing diversified investment services despite the challenges posed by fluctuating market conditions.

On November 30, 2021, AllianceBernstein L.P. (NYSE: AB) announced that Seth Bernstein, President and CEO, will speak at the Goldman Sachs 2021 US Financial Services Conference on December 7, 2021, beginning at 10:20 a.m. (CT). A live audio webcast of the session will be accessible on the Investor & Media Relations section of AB's website, with a replay available afterward. As of September 30, 2021, AllianceBernstein Holding owned approximately 36.1% of AllianceBernstein, while Equitable Holdings, Inc. held about 64.7%.

AllianceBernstein (AB) announced the expansion of its AB Advisor Institute, introducing a proprietary digital assessment tool and a Certified Practice Management Consultants (CPMC) program in collaboration with Vanderbilt Owen Graduate School of Management. The program includes a comprehensive training curriculum tailored for financial advisors, aimed at enhancing practice management skills. By December 2021, all regional managers will earn the CPMC designation. AB's new Digital Coach tool has already benefited over 200 advisors since its launch in May 2021, providing tailored strategic insights.

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.

AllianceBernstein (AB) has announced the addition of Jackson National Life Insurance Company (JXN) to its Lifetime Income Strategy (LIS) platform, enhancing retirement solutions for Defined Contribution plans. With this move, Jackson becomes the fifth insurer backing AB's in-plan guaranteed income solution, which currently manages over $6 billion in assets. AB aims to provide effective lifetime income options, benefiting both plan sponsors and participants, especially in light of the SECURE Act's provisions on annuities.

AllianceBernstein announced that CFO Ali Dibadj will participate in the BofA Banking & Financials Conference on November 9, 2021, at 9:40 a.m. ET. The event will be available via a live audio webcast on the company’s website, where a replay will also be accessible later. As of September 30, 2021, AllianceBernstein Holding owns approximately 36.1% of AllianceBernstein, with Equitable Holdings owning about 64.7%. For more information, visit www.alliancebernstein.com.