AB Announces December 31, 2023 Assets Under Management

Core Insights - AllianceBernstein L.P. and AllianceBernstein Holding L.P. reported a preliminary increase in assets under management (AUM) to $725 billion in December 2023, up from $696 billion at the end of November, representing a 4% increase driven primarily by market appreciation despite slight firmwide net outflows [1][2]. Summary by Category Assets Under Management - AUM increased to $725 billion in December 2023 from $696 billion in November 2023, marking a 4% growth [1][2]. - By channel, net flows were flat in Institutions and Retail, while Private Wealth experienced minimal net outflows [1]. Breakdown of AUM - Total AUM as of December 31, 2023: - Institutions: $317 billion - Retail: $287 billion - Private Wealth: $121 billion - Comparison with November 30, 2023: - Institutions increased from $305 billion to $317 billion - Retail increased from $274 billion to $287 billion - Private Wealth decreased from $123 billion to $121 billion [2]. Investment Strategies - Total equity AUM rose to $310 billion from $296 billion, with actively managed equity increasing from $237 billion to $247 billion [2]. - Total fixed income AUM increased to $281 billion from $270 billion, with taxable fixed income rising from $200 billion to $209 billion [2]. - Alternatives/Multi-Asset Solutions AUM slightly decreased from $130 billion to $134 billion [2]. Ownership Structure - As of December 31, 2023, AllianceBernstein Holding owned approximately 39.5% of AllianceBernstein, while Equitable Holdings, Inc. owned an approximate 61.2% economic interest in AllianceBernstein [5].