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

Rhea-AI Summary

Manning & Napier, Inc. (NYSE: MN) reported preliminary assets under management (AUM) of $22.1 billion as of May 31, 2021, reflecting an increase from $21.9 billion on April 30, 2021. The growth in AUM is attributed to performance and client inflows across investment vehicles. The company manages assets through separate accounts, mutual funds, and collective investment trusts, serving a wide range of clients, including high-net-worth individuals and institutional investors.

Positive

• AUM increased to $22.1 billion from $21.9 billion, indicating growth in client investments.
• Diverse client base includes high-net-worth individuals and institutions, supporting revenue stability.

Negative

• None.

FAIRPORT, N.Y., June 10, 2021 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of May 31, 2021 of $22.1 billion, compared with $21.9 billion at April 30, 2021.  AUM by investment vehicle and by portfolio are set forth in the table below.

	Assets Under Management
	(in millions)
	May 31, 2021				April 30, 2021				March 31, 2021
By investment vehicle:
Separate accounts	$	16,105.9			$	15,978.6			$	15,480.9
Mutual funds and collective investment trusts	5,966.2				5,909.4				5,658.9
Total	$	22,072.1			$	21,888.0			$	21,139.8
By portfolio:
Blended Asset	$	14,650.5			$	14,591.6			$	14,138.5
Equity	6,376.7				6,267.6				5,982.6
Fixed Income	1,044.9				1,028.8				1,018.7
Total	$	22,072.1			$	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
Menaka Shankar
Prosek Partners
510-673-4536
mshankar@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-may-31-2021-assets-under-management-301310423.html

SOURCE Manning & Napier, Inc.

FAQ

What is the assets under management for Manning & Napier as of May 31, 2021?

Manning & Napier reported assets under management of $22.1 billion as of May 31, 2021.

How much did the assets under management increase from April 2021 to May 2021 for MN?

The assets under management increased from $21.9 billion in April 2021 to $22.1 billion in May 2021.

What types of investment vehicles does Manning & Napier manage?

Manning & Napier manages assets through separate accounts, mutual funds, and collective investment trusts.

Who are the clients of Manning & Napier?

Manning & Napier serves a diversified client base, including high-net-worth individuals and institutions.