AllianceBernstein (AB) Tops Q4 EPS by 15c
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February 12, 2020 6:20 AM EST
NEW YORK, Feb. 12, 2020 /PRNewswire/ --Â AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $629 billion during January 2020 from $623 billion at the end of December 2019. The 1.0% increase was due to total firmwide net inflows, as well as market appreciation. By channel, Retail and Institutions experienced positive net flows, while Private Wealth flows were flat.
AllianceBernstein L.P. (The Operating Partnership)
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February 12, 2020 6:20 AM EST
NEW YORK, Feb. 12, 2020 /PRNewswire/ --Â AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter and year ended December 31, 2019.
"Our global platform experienced broad-based growth during 2019, demonstrating strong progress in executing on our growth strategy," said Seth P. Bernstein, President and CEO of AllianceBernstein. "Active organic growth of 6.5% reflected strength across our global fixed income, equity and alternative platforms. Combined with strong markets, AUM of $623 billion grew 21% from the prior year, while our fee rate remained essentially flat.... More
