Manning & Napier, Inc. Reports January 31, 2022 Assets Under Management

Rhea-AI Summary

Manning & Napier (NYSE: MN) reported preliminary assets under management (AUM) of $21.4 billion as of January 31, 2022, down from $22.5 billion as of December 31, 2021. The decrease in AUM was driven by losses in separate accounts, which totaled $15.5 billion, compared to $16.3 billion previously. Additionally, mutual funds and collective investment trusts saw a decline from $6.2 billion to $5.9 billion. The company serves a diverse client base, including high-net-worth individuals and institutional clients.

Positive

• Diverse client base including high-net-worth individuals and institutions.
• Long-standing history since 1970, indicating stability.

Negative

• Decrease in AUM from $22.5 billion to $21.4 billion.
• Losses in separate accounts and mutual funds indicating weakened performance.

FAIRPORT, N.Y., Feb. 10, 2022 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of January 31, 2022 of $21.4 billion, compared with $22.5 billion at December 31, 2021.  AUM by investment vehicle and by portfolio are set forth in the table below.

		Assets Under Management
	(in millions)
		January 31, 2022		December 31, 2021
By investment vehicle:
Separate accounts		$         15,453.7		$          16,317.8
Mutual funds and collective investment trusts		5,912.6		6,224.8
Total		$         21,366.3		$          22,542.6
By portfolio:
Blended Asset		$         14,524.9		$          15,074.1
Equity		5,758.8		6,374.4
Fixed Income		1,082.6		1,094.1
Total		$         21,366.3		$          22,542.6

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 279 employees as of December 31, 2021.

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

 

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SOURCE Manning & Napier, Inc.

FAQ

What are Manning & Napier's assets under management as of January 31, 2022?

As of January 31, 2022, Manning & Napier reported assets under management of $21.4 billion.

How much did Manning & Napier's AUM decrease from December 31, 2021?

Manning & Napier's AUM decreased by $1.1 billion from $22.5 billion on December 31, 2021.

What factors contributed to the decrease in Manning & Napier's AUM?

The decrease in AUM was primarily driven by declines in separate accounts and mutual funds.

How does Manning & Napier serve its clients?

Manning & Napier provides investment solutions through separately managed accounts, mutual funds, and consultative services for a diverse client base.