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AllianceBernstein Holding, L.P. (NYSE: AB) is a prominent global investment management and research firm. With a robust team of experts providing a wide array of insights, AB delivers sophisticated investment strategies across the capital structure. The firm's clients include institutional investors (43% of assets under management), retail clients (40%), and private individuals (17%), emphasizing tailored solutions for varying investment needs. As of January 2024, AB manages $726 billion in assets, primarily focusing on fixed-income (39%) and equity (43%) strategies. Additionally, AB's Sanford Bernstein subsidiary supplies sell-side research and brokerage services, recently enhanced by a joint venture with Societe Generale.
AllianceBernstein continually advances its offerings and maintains a strong commitment to responsible investing and ESG initiatives. Recent achievements include a 2% increase in assets under management in March 2024, bringing the total to $759 billion, driven by net inflows and market appreciation. The firm has also launched innovative products like the AB Secure Income Portfolio, expanding retirement income solutions for Defined Contribution plans.
AB's first-quarter 2024 financial results showcased a 6% year-over-year revenue increase, reaching $1.1 billion, with operating income climbing by 12%. The company continues to enhance its product lineup with two new actively managed ETFs, further solidifying its position as a leader in the investment management sector.
AB's governance and operational strategies are supported by a diverse and experienced board, with the recent addition of Bruce Holley. The firm's commitment to sustainability and ESG factors has earned it accolades such as the Best ESG Initiative at the ESG Investing Awards 2024 and recognition as the Third Best Company Headquartered in the US by the Hirschel and Kramer Responsible Investment Brand Index 2024.
For the latest updates and detailed information about AllianceBernstein's performance and offerings, visit their website.
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.
AllianceBernstein L.P. (AB) reported Q3 2021 results with net inflows of $7.2 billion, reflecting 4% annualized organic growth. Notably, all client channels showed net inflows for the fourth time in five quarters, led by active equities and municipal investments. The adjusted operating margin expanded to 31.8%, while adjusted earnings per unit rose 29% to $0.89. Total assets under management reached $742.2 billion, a 17.7% increase year-over-year. Despite positive performance, the firm anticipates continued volatility in the market.
AllianceBernstein (NYSE: AB) announced that its Third Quarter 2021 financial results will be released on October 28, 2021, followed by a teleconference at 9:30 am ET. Key executives, including Seth Bernstein and Ali Dibadj, will host the call. Investors can access the call through a webcast or by dialing in. The presentation will be available on the Investor Relations website shortly after the results release. A replay will be accessible for two weeks. As of September 30, 2021, AllianceBernstein Holding owns approximately 36.1% of AllianceBernstein.
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.
AllianceBernstein (AB) has successfully closed its third collateralized loan obligation (CLO), AB BSL CLO 3, valued at $500 million, with Citigroup as the lead arranger. This deal highlights AB's expanding CLO management business initiated in 2019 under the leadership of Scott Macklin. The firm's CLO platform has issued 12 transactions since 2016, accumulating a total of $4.3 billion in financing. AB aims to further strengthen its investor relationships and CLO operations, supported by investment from Equitable Financial Life Insurance Company.
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