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

Rhea-AI Summary

Manning & Napier, Inc. (NYSE: MN) reported preliminary assets under management (AUM) of $22.5 billion as of October 31, 2021, up from $22.0 billion at September 30, 2021. The increase is attributed to growth in separate accounts and mutual funds. Separate accounts reached $16.308 billion, while mutual funds and collective investment trusts totaled $6.231 billion. This marks a significant increase in AUM driven by favorable market conditions and client portfolio performance.

Positive

• AUM increased from $22.0 billion to $22.5 billion within one month.
• Growth in separate accounts to $16.308 billion.
• Mutual funds and collective investment trusts rose to $6.231 billion.

Negative

• None.

FAIRPORT, N.Y., Nov. 10, 2021 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported preliminary assets under management ("AUM") as of October 31, 2021 of $22.5 billion, compared with $22.0 billion at September 31, 2021.  AUM by investment vehicle and by portfolio are set forth in the table below.

		Assets Under Management
	(in millions)
		October 31, 2021				September 30, 2021
By investment vehicle:
Separate accounts		$	16,308.2			$	15,914.1
Mutual funds and collective investment trusts		6,231.9				6,062.1
Total		$	22,540.1			$	21,976.2
By portfolio:
Blended Asset		$	15,036.4			$	14,674.8
Equity		6,422.3				6,229.7
Fixed Income		1,081.4				1,071.7
Total		$	22,540.1			$	21,976.2

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 280 employees as of September 30, 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

View original content:https://www.prnewswire.com/news-releases/manning--napier-inc-reports-october-31-2021-assets-under-management-301421107.html

SOURCE Manning & Napier, Inc.

FAQ

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

As of October 31, 2021, Manning & Napier (MN) reported assets under management of $22.5 billion.

How did Manning & Napier's assets change from September to October 2021?

Manning & Napier's assets under management increased from $22.0 billion in September 2021 to $22.5 billion in October 2021.

What contributed to the increase in assets under management for MN?

The increase in assets for Manning & Napier was primarily due to growth in separate accounts and mutual funds.

What are the separate accounts assets for Manning & Napier as of October 2021?

Separate accounts for Manning & Napier stood at $16.308 billion as of October 31, 2021.

What are the mutual funds and collective investment trusts assets for MN as of October 2021?

As of October 31, 2021, mutual funds and collective investment trusts assets reached $6.231 billion for Manning & Napier.