Manning & Napier, Inc. Reports January 31, 2021 Assets Under Management

Rhea-AI Summary

Manning & Napier, Inc. (NYSE: MN) reported preliminary assets under management (AUM) of $19.9 billion as of January 31, 2021, a decline from $20.1 billion on December 31, 2020. The decrease is attributed to lower AUM across various investment vehicles, including separate accounts and mutual funds. Specific figures indicate separate accounts at $14.4 billion and mutual funds at $5.5 billion. This decline in AUM may affect the company's future revenue and operational performance.

Positive

• None.

Negative

• AUM decreased from $20.1 billion to $19.9 billion, indicating a loss of investor confidence.
• Separate accounts saw a drop from $14.6 billion to $14.4 billion.
• Mutual funds declined from $5.5 billion to $5.5 billion, indicating stagnant growth.

FAIRPORT, N.Y., Feb. 10, 2021 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of January 31, 2021 of $19.9 billion compared with $20.1 billion at December 31, 2020.  AUM by investment vehicle and by portfolio are set forth in the table below.

	Assets Under Management
	(in millions)
	January 31, 2021				December 31, 2020
By investment vehicle:
Separate accounts	$	14,401.6			$	14,576.8
Mutual funds and collective investment trusts	5,488.3				5,542.6
Total	$	19,889.9			$	20,119.4
By portfolio:
Blended Asset	$	13,378.2			$	13,558.8
Equity	5,475.2				5,545.3
Fixed Income	1,036.5				1,015.3
Total	$	19,889.9			$	20,119.4

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

View original content:http://www.prnewswire.com/news-releases/manning--napier-inc-reports-january-31-2021-assets-under-management-301226333.html

SOURCE Manning & Napier, Inc.

FAQ

What were Manning & Napier's AUM as of January 31, 2021?

Manning & Napier reported assets under management of $19.9 billion as of January 31, 2021.

How much did AUM decrease for Manning & Napier from December 31, 2020?

AUM decreased by $1.2 billion, from $20.1 billion on December 31, 2020, to $19.9 billion on January 31, 2021.

What was the AUM for separate accounts as reported by MN?

Separate accounts had AUM of $14.4 billion as of January 31, 2021.

Did Manning & Napier's mutual funds AUM increase in January 2021?

No, mutual funds AUM remained at $5.5 billion, showing no increase from the previous reporting period.