Manning & Napier, Inc. Reports April 30, 2022 Assets Under Management

Rhea-AI Summary

Manning & Napier reported preliminary assets under management (AUM) of $19.6 billion as of April 30, 2022, a decline from $20.6 billion at the end of March 2022. The decrease reflects a reduction in both separate accounts, which fell to $14.1 billion, and mutual funds and collective investment trusts, which dropped to $5.5 billion. The press release highlights the company's diverse investment solutions and client base, while providing insights into recent market challenges impacting AUM.

Positive

• Manning & Napier provides a diverse range of investment solutions, appealing to various clients.
• The company maintains a strong client base, including high-net-worth individuals and institutions.

Negative

• AUM decreased by $1 billion from March 31, 2022, posing potential concerns for investor confidence.
• Separate accounts dropped from $14.9 billion to $14.1 billion, indicating client withdrawal or redemption.

FAIRPORT, N.Y., May 11, 2022 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of April 30, 2022 of $19.6 billion, compared with $20.6 billion at March 31, 2022. AUM by investment vehicle and by portfolio are set forth in the table below.

	Assets Under Management
	(in millions)
		April 30, 2022		March 31, 2022
By investment vehicle:
Separate accounts		$      14,074.9		$          14,916.1
Mutual funds and collective investment trusts		5,486.3		5,733.1
Total		$      19,561.2		$          20,649.2
By portfolio:
Blended Asset		$      13,373.0		$          14,112.3
Equity		5,066.0		5,452.0
Fixed Income		1,122.2		1,084.9
Total		$      19,561.2		$          20,649.2

 

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 and had 275 employees as of March 31, 2022.

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; the impact of COVID-19 on the U.S. and global economy; a decline in the performance of the Company's products; client sales and redemption activity; any loss of an executive officer or key personnel; changes in the Company's business related to strategic acquisitions and other transactions; the Company's ability to successfully deploy new technology platforms and upgrades; 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
Emily Blum
Prosek Partners
973-464-5240
eblum@prosek.com

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

View original content:https://www.prnewswire.com/news-releases/manning--napier-inc-reports-april-30-2022-assets-under-management-301544964.html

SOURCE Manning & Napier, Inc.

FAQ

What are the recent assets under management figures for Manning & Napier (MN)?

As of April 30, 2022, Manning & Napier reported assets under management of $19.6 billion, down from $20.6 billion on March 31, 2022.

How did separate accounts perform for Manning & Napier (MN) in the latest report?

Separate accounts decreased to $14.1 billion as of April 30, 2022, compared to $14.9 billion as of March 31, 2022.

What is the value of mutual funds and collective investment trusts reported by Manning & Napier (MN)?

The value of mutual funds and collective investment trusts is reported at $5.5 billion as of April 30, 2022, down from $5.7 billion in March 2022.

What timeframe does Manning & Napier (MN) cover in its latest assets under management report?

The report covers assets under management for the period ending April 30, 2022.