AB Announces April 30, 2025 Assets Under Management

Rhea-AI Summary

AllianceBernstein (NYSE: AB) reported a decrease in assets under management (AUM) to $781 billion in April 2025, down 0.5% from $785 billion in March 2025. The decline was primarily attributed to net outflows across institutional and retail channels, with private wealth also experiencing minor outflows. The AUM breakdown shows: $315 billion in equity (including $249B active, $66B passive), $295 billion in fixed income (including $207B taxable, $78B tax-exempt, $10B passive), and $171 billion in alternatives/multi-asset solutions. The distribution across channels includes $323 billion from institutions, $322 billion from retail, and $136 billion from private wealth.

Positive

• None.

Negative

• AUM decreased by 0.5% from $785B to $781B month-over-month
• Net outflows across institutional and retail channels
• Private wealth channel experienced outflows

Insights

Investment Management Analyst

AB reported a 0.5% AUM decline to $781B, driven by institutional and retail outflows, signaling potential revenue pressure.

AllianceBernstein's assets under management (AUM) decreased by 0.5% in April 2025, falling to $781 billion from $785 billion at March-end. This reduction was primarily attributed to net outflows across both institutional and retail channels, with the private wealth segment also experiencing marginal outflows.

Breaking down the $781 billion AUM by client segment: institutional accounts hold $323 billion (down from $324 billion), retail accounts maintain $322 billion (down from $324 billion), and private wealth manages $136 billion (down from $137 billion). By asset class, equity investments total $315 billion (unchanged), fixed income decreased to $295 billion (from $300 billion), while alternatives/multi-asset solutions increased slightly to $171 billion (from $170 billion).

The fixed income segment experienced the most significant decline, particularly in taxable fixed income which dropped by $5 billion. This suggests potential investor repositioning amid evolving interest rate expectations or competitive pressures in the bond market segment.

For asset managers like AB, even modest AUM declines directly impact revenue generation since management fees are typically calculated as a percentage of assets managed. The consecutive outflows across all three client channels potentially signal broader challenges in client retention or product competitiveness that management will need to address to reverse this trend.

NASHVILLE, Tenn., May 12, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $781 billion during April 2025 from $785 billion at the end of March. The 0.5% decline in AUM was primarily driven by firmwide net outflows, mainly within the institutional and retail channels, with private wealth also experiencing slight outflows. 

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At April 30, 2025																Mar 31,
																	2025
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	47			$	151			$	51			$	249			$	249
Passive	24				35				7				66				66
Total Equity	71				186				58				315				315
Fixed Income
Taxable	116				72				19				207				212
Tax-Exempt	2				46				30				78				78
Passive	—				10				—				10				10
Total Fixed Income	118				128				49				295				300
Alternatives/Multi-Asset Solutions(1)	134				8				29				171				170
Total	$	323			$	322			$	136			$	781			$	785
	At March 31, 2025
Total	$	324			$	324			$	137			$	785
(1) Includes certain multi-asset solutions and services not included in equity or fixed income services.

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, integration of acquired companies, competitive conditions, and 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, 2024 or form 10-Q for the quarter ended March 31, 2025. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, 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 diversified investment services to institutional investors, individuals and private wealth clients in major world markets.

As of March 31, 2025, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 37.5% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 61.9% economic interest in AllianceBernstein.

Additional information about AB may be found on our website, www.alliancebernstein.com.

View original content:https://www.prnewswire.com/news-releases/ab-announces-april-30-2025-assets-under-management-302452815.html

SOURCE AllianceBernstein

FAQ

What is AllianceBernstein's (AB) total AUM as of April 2025?

AllianceBernstein's total assets under management (AUM) stood at $781 billion as of April 30, 2025.

How much did AB's AUM change from March to April 2025?

AB's AUM decreased by 0.5%, from $785 billion in March 2025 to $781 billion in April 2025.

What caused the decline in AB's AUM in April 2025?

The decline was primarily driven by firmwide net outflows, mainly within the institutional and retail channels, with private wealth also experiencing slight outflows.

How is AB's AUM distributed across different investment categories?

AB's AUM is distributed across equity ($315B), fixed income ($295B), and alternatives/multi-asset solutions ($171B).

What is the distribution of AB's AUM across different client channels?

AB's AUM is distributed across institutions ($323B), retail ($322B), and private wealth ($136B) channels.