NEW YORK, April 10, 2019 /PRNewswire/ -- AllianceBernstein
L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management
increased to $555 billion during March 2019 from $547 billion at the end of February. The 1.5% increase was due to market appreciation, as well as total
firmwide net inflows. By channel, Retail experienced positive net flows, while Institutional and Private Wealth flows were
flat.
|
AllianceBernstein L.P. (The Operating Partnership)
|
|
Assets Under Management ($ in Billions)
|
|
|
At March 31, 2019
|
|
At Feb 28
|
|
|
|
2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
Actively Managed
|
$
|
38
|
|
$
|
70
|
|
$
|
47
|
|
$
|
155
|
|
$
|
154
|
|
Passive
|
24
|
|
32
|
|
|
—
|
|
56
|
|
56
|
|
Total Equity
|
62
|
|
102
|
|
47
|
|
211
|
|
210
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Income
|
|
|
|
|
|
|
|
|
|
|
|
Taxable
|
148
|
|
68
|
|
12
|
|
228
|
|
224
|
|
Tax-Exempt
|
1
|
|
18
|
|
25
|
|
44
|
|
43
|
|
Passive
|
—
|
|
9
|
|
—
|
|
9
|
|
9
|
|
Total Fixed Income
|
149
|
|
95
|
|
37
|
|
281
|
|
276
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
46
|
|
5
|
|
12
|
|
63
|
|
61
|
|
Total
|
$
|
257
|
|
$
|
202
|
|
$
|
96
|
|
$
|
555
|
|
$
|
547
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At February 28, 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
$
|
253
|
|
$
|
199
|
|
$
|
95
|
|
$
|
547
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes certain multi-asset services and solutions and certain
alternative investments.
|
Cautions Regarding Forward-Looking Statements
Certain statements provided by management in this news release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking
statements. The most significant of these factors include, but are not limited to, the following: the performance of financial
markets, the investment performance of sponsored investment products and separately-managed accounts, general economic
conditions, industry trends, future acquisitions, competitive conditions, and current and proposed government regulations,
including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB
cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which
such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or circumstances
after the date of such statements. For further information regarding these forward-looking statements and the factors that could
cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in AB's Form 10-K for the
year ended December 31, 2018. Any or all of the forward-looking statements made in this news
release, Form 10-K, other documents AB files with or furnishes to the SEC and any other public statements issued by AB, may turn
out to be wrong. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding
Forward-Looking Statements", and those listed above, could also adversely affect AB's financial condition, results of operations
and business prospects.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment
services to institutional investors, individuals and private wealth clients in major world markets.
As of March 31, 2019, including both the general partnership and limited partnership interests
in AllianceBernstein, AllianceBernstein Holding owned approximately 35.2% of AllianceBernstein and AXA Equitable Holdings, Inc.
("EQH"), directly and through various subsidiaries, owned an approximate 65.6% economic interest in AllianceBernstein.
Additional information about AB may be found on our website, www.alliancebernstein.com.
View original content:http://www.prnewswire.com/news-releases/ab-announces-march-31-2019-assets-under-management-300828303.html
SOURCE AllianceBernstein