Alliancebernstein Hldg L P Stock Price, News & Analysis

Bernstein Private Wealth Management, a unit of AllianceBernstein (NYSE: AB), has appointed Ashley Velategui as the new head of its Wealth Strategies Group, effective May 9, 2025. Based in Seattle, Velategui will lead a team advising high and ultrahigh net worth clients on financial planning, philanthropy, and tax planning, reporting to Alex Chaloff, Head of Investments and Wealth Strategies.

With 18 years of experience at Bernstein and previously serving as National Director of Planning Research since 2023, Velategui brings significant expertise in estate and tax planning. She will oversee the $137 billion Bernstein platform, succeeding Tara Popernik, who is departing after a 20+ year career. Velategui holds a BA in Mathematics and Economics from Whitman College and a CFA® designation.

AllianceBernstein (AB) reported Q1 2025 financial results with adjusted earnings per unit of $0.80, up 9.6% year-over-year. The company achieved $2.7 billion in active net inflows across all three global distribution channels, despite challenging market conditions.

Key highlights include:

• Total AUM reached $784.5 billion, up 3.4% from Q1 2024
• Adjusted operating margin expanded to 33.7%, up 340 basis points year-over-year
• Net revenues decreased 2.1% to $1.08 billion
• Cash distribution of $0.80 per unit payable May 22, 2025

The institutional pipeline increased to $13.5 billion, with strong performance in private alternative strategies. Retail channel maintained organic growth for seven consecutive quarters, while Private Wealth delivered its third consecutive quarter of organic growth with $0.8 billion inflows.

AllianceBernstein (AB) reported a decrease in assets under management (AUM) to $784 billion in March 2025, down 2.6% from $805 billion in February 2025. The decline was attributed to market depreciation, which offset net inflows across all three channels: Institutional, Retail, and Private Wealth.

For Q1 2025, the firm recorded preliminary net inflows of $2.3 billion. The AUM breakdown shows:

• Equity: $315 billion (Active: $249B, Passive: $66B)
• Fixed Income: $300 billion (Taxable: $212B, Tax-Exempt: $78B, Passive: $10B)
• Alternatives/Multi-Asset Solutions: $169 billion

AllianceBernstein (NYSE: AB) has scheduled its First Quarter 2025 financial and operating results announcement for Thursday, April 24, 2025, before market opening. The company will host a teleconference at 9:00 am (CT) featuring key executives including Seth Bernstein (President and CEO), Thomas Simeone (CFO), and Onur Erzan (Head of Global Client Group and Private Wealth).

Investors can access the conference through a webcast on AB's Investor Relations website or by telephone: (888) 440-3310 (US) or +1 (646) 960-0513 (international) using conference ID# 6072615. The presentation materials will be available on the company's website after the results release, and a webcast replay will be accessible approximately one hour after the conference concludes.

Equitable Holdings (NYSE: EQH) has completed its cash tender offer for AllianceBernstein Holding (NYSE: AB) units. The company accepted 19,682,946 units at $38.50 per unit, representing approximately 17.8% of outstanding Units as of December 31, 2024. The total cost of the purchase was approximately $757.8 million, excluding fees and expenses.

The tender offer, which expired on April 1, 2025, initially targeted up to 46,000,000 units for an aggregate purchase price of up to $1.8 billion. Following this transaction, Equitable will increase its economic interest in AllianceBernstein L.P. to approximately 68.6%.

Equitable Holdings (NYSE: EQH) has announced preliminary results of its cash tender offer for AllianceBernstein Holding (NYSE: AB) units. The offer, which expired on April 1, 2025, sought to purchase up to 46,000,000 units at $38.50 per unit, for a maximum aggregate value of $1.8 billion.

According to preliminary counts, 19,766,878 units were properly tendered, including 559,614 units tendered by notice of guaranteed delivery. Equitable expects to accept all tendered units for payment, representing approximately 17.9% of outstanding Units as of December 31, 2024, for an aggregate cost of approximately $761.0 million. Following the purchase, Equitable will hold an approximate 68.6% economic interest in AllianceBernstein L.P.

Equitable Holdings (NYSE: EQH) has extended its cash tender offer to purchase up to 46,000,000 units of AllianceBernstein Holding (NYSE: AB) at $38.50 per unit, representing a total potential purchase of approximately $1.8 billion. The offer's expiration time has been extended from March 24, 2025, to April 1, 2025.

Based on preliminary counts, 19,028,061 units have been properly tendered, including 1,394,553 units tendered by notice of guaranteed delivery. Equitable does not plan to further extend the expiration time or modify other terms. Current unitholders who have already tendered their units do not need to take additional action.

AllianceBernstein (AB) reported a decrease in assets under management (AUM) to $805 billion in February 2025, down from $809 billion in January, representing a 0.5% decline. The decrease was attributed entirely to market depreciation, while firmwide net flows remained flat.

In terms of channel performance, Private Wealth experienced net inflows, which were largely counterbalanced by Institutional net outflows, while Retail flows remained flat during the month.