Manning & Napier, Inc. Reports April 30, 2021 Assets Under Management

Rhea-AI Summary

Manning & Napier, Inc. (NYSE: MN) announced a rise in assets under management (AUM) to $21.9 billion as of April 30, 2021, up from $21.1 billion on March 31, 2021. This increase was driven by higher client inflows and improved market performance. By investment vehicle, separate accounts accounted for $15.98 billion and mutual funds reached $5.91 billion. The company offers a variety of investment solutions, serving diverse clients like high-net-worth individuals and institutions.

Positive

• Assets under management increased by $800 million from March 31 to April 30, reaching $21.9 billion.
• Growth driven by higher client inflows and improved market performance.
• Diversified investment offerings cater to various client needs, enhancing market position.

Negative

• None.

FAIRPORT, N.Y., May 12, 2021 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of April 30, 2021 of $21.9 billion, compared with $21.1 billion at March  31, 2021.  AUM by investment vehicle and by portfolio are set forth in the table below.

	Assets Under Management
	(in millions)
		April 30, 2021				March 31, 2021
By investment vehicle:
Separate accounts		$	15,978.6			$	15,480.9
Mutual funds and collective investment trusts		5,909.4				5,658.9
Total		$	21,888.0			$	21,139.8
By portfolio:
Blended Asset		$	14,591.6			$	14,138.5
Equity		6,267.6				5,982.6
Fixed Income		1,028.8				1,018.7
Total		$	21,888.0			$	21,139.8

 

About Manning & Napier, Inc.
Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, including life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY.

Safe Harbor Statement
This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company's current views with respect to, among other things, its operations and financial performance. Words like "believes," "expects," "may," "estimates," "will," "should," "intends," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company's actual results to differ from its expectations or beliefs include, without limitation: changes in securities or financial markets or general economic conditions; a decline in the performance of the Company's products; client sales and redemption activity; changes of government policy or regulations; and other risks discussed from time to time in the Company's filings with the Securities and Exchange Commission.

Contacts
Investor Relations Contact
Sean Silva
Prosek Partners
646-818-9122
ssilva@prosek.com

Public Relations Contact
Nicole Kingsley Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com

 

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SOURCE Manning & Napier, Inc.

FAQ

What are Manning & Napier's assets under management as of April 30, 2021?

Manning & Napier reported assets under management of $21.9 billion as of April 30, 2021.

How much did Manning & Napier's AUM increase from March 31, 2021?

The assets under management increased by $800 million from $21.1 billion on March 31 to $21.9 billion on April 30, 2021.

What fraction of AUM is attributed to separate accounts?

As of April 30, 2021, separate accounts accounted for $15.98 billion of Manning & Napier's total AUM.

What investment solutions does Manning & Napier provide?

Manning & Napier provides a range of investment solutions including separately managed accounts, mutual funds, and collective investment trusts.