AB Announces July 31, 2025 Assets Under Management

Rhea-AI Summary

AllianceBernstein (NYSE: AB) reported that its assets under management (AUM) remained steady at $829 billion in July 2025, unchanged from June. Market gains were offset by net outflows, primarily due to a $4.0 billion institutional outflow related to the EQH-RGA reinsurance transaction.

The AUM breakdown shows $347 billion in Equity (including $273B actively managed), $299 billion in Fixed Income, and $183 billion in Alternatives/Multi-Asset Solutions. By client channel, assets were distributed across Institutions ($337B), Retail ($346B), and Private Wealth ($146B).

Positive

• Total AUM maintained at a substantial $829 billion despite outflows
• Market gains helped offset outflows during the month
• Equity AUM increased from $344B to $347B month-over-month
• Private Wealth channel showed stability with roughly flat net flows

Negative

• Significant $4.0 billion institutional outflow from EQH-RGA reinsurance transaction
• Fixed Income AUM decreased from $304B to $299B month-over-month
• Negative net flows in institutional segment even excluding the reinsurance transaction
• Retail segment experienced negative net flows

Insights

Investment Management Analyst

AB's AUM remained flat at $829B as market gains offset $4B institutional outflows from EQH-RGA reinsurance transaction.

AllianceBernstein's July 2025 assets under management report shows total AUM holding steady at $829 billion, unchanged from June. This stability masks underlying movement, as market appreciation was completely offset by net outflows, primarily from institutional clients.

The headline story is the $4.0 billion institutional outflow resulting from the completion of the EQH-RGA reinsurance transaction. This significant one-time event skews the overall flow picture. Even excluding this transaction, institutional flows were still slightly negative, suggesting some ongoing challenges in that segment.

Looking at the asset class breakdown, we see equity AUM increased by $3 billion to $347 billion, while fixed income AUM decreased by $5 billion to $299 billion. This rotation likely reflects broader market movements favoring equities over fixed income during July. Meanwhile, alternatives/multi-asset solutions saw a modest $2 billion increase to $183 billion.

The distribution channel data reveals interesting client behavior: retail investors showed slight net outflows, private wealth clients maintained roughly flat flows, while institutional flows were negative even beyond the reinsurance transaction. These patterns suggest some caution among AB's client base despite positive market performance.

This monthly update, while showing overall stability, hints at underlying challenges in maintaining organic growth across channels, with the company relying on market appreciation to offset client withdrawals.

NASHVILLE, Tenn., Aug. 11, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) announced today that preliminary assets under management remained unchanged at $829 billion at the end of July compared to June month-end, as market gains were offset by net outflows during the month. Outflows were primarily concentrated within institutions due to approximately $4.0 billion net outflows related to the completion of the EQH-RGA reinsurance transaction. Excluding the impact from the transaction, preliminary institutional net flows were slightly negative, as were retail net flows, while private wealth posted roughly flat net flows. 

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At July 31, 2025																Jun 30,
																	2025
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	50			$	166			$	57			$	273			$	273
Passive	27				39				8				74				71
Total Equity	77				205				65				347				344
Fixed Income
Taxable	115				74				20				209				215
Tax-Exempt	1				49				30				80				79
Passive	—				10				—				10				10
Total Fixed Income	116				133				50				299				304
Alternatives/Multi-Asset Solutions(1)	144				8				31				183				181
Total	$	337			$	346			$	146			$	829			$	829
	At June 30, 2025
Total	$	340			$	345			$	144			$	829
(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 June 30, 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 June 30, 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 68.6% economic interest in AllianceBernstein.

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

 

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SOURCE AllianceBernstein

FAQ

What was AllianceBernstein's (AB) total AUM as of July 31, 2025?

AllianceBernstein's total AUM remained unchanged at $829 billion as of July 31, 2025, compared to June 2025.

How did the EQH-RGA reinsurance transaction affect AB's assets in July 2025?

The EQH-RGA reinsurance transaction resulted in approximately $4.0 billion in net outflows from AB's institutional segment.

What is the breakdown of AB's AUM by asset class as of July 2025?

AB's AUM breakdown includes $347 billion in Equity, $299 billion in Fixed Income, and $183 billion in Alternatives/Multi-Asset Solutions.

How are AB's assets distributed across different client channels?

AB's assets are distributed across three main channels: Institutions ($337B), Retail ($346B), and Private Wealth ($146B).

What were the main factors affecting AB's AUM changes in July 2025?

Market gains were offset by net outflows, primarily from a $4.0 billion institutional outflow related to the EQH-RGA reinsurance transaction, while retail flows were negative and private wealth flows were roughly flat.