AB Announces May 31, 2025 Assets Under Management

Rhea-AI Summary

AllianceBernstein reported preliminary assets under management (AUM) of $803 billion for May 2025, representing a 2.8% increase from $781 billion in April. The growth was attributed to market appreciation, though partially offset by net outflows. While private wealth experienced slight inflows, both institutional and retail channels saw outflows. The AUM breakdown shows $332 billion in equity assets, $296 billion in fixed income, and $175 billion in alternatives/multi-asset solutions. Actively managed equity assets stood at $263 billion, while passive equity investments totaled $69 billion. In fixed income, taxable assets were $207 billion, tax-exempt at $79 billion, and passive at $10 billion.

Positive

• AUM increased by 2.8% to $803 billion from $781 billion in the previous month
• Market appreciation contributed positively to AUM growth
• Private wealth channel experienced inflows
• Actively managed equity assets grew to $263 billion from $249 billion

Negative

• Net outflows recorded across channels
• Institutional and retail channels experienced outflows
• Private wealth inflows were only slight, not significant enough to offset other outflows

Insights

Asset Management Analyst

AB reported 2.8% AUM growth to $803B in May, driven by market gains despite net outflows across most segments.

AllianceBernstein's Assets Under Management (AUM) grew to $803 billion in May 2025, a 2.8% increase from April's $781 billion. This growth was primarily fueled by market appreciation, which managed to overcome the headwind of net outflows experienced during the month.

Looking at channel performance, only the Private Wealth segment delivered positive client flows, while both Institutional and Retail channels experienced outflows. This mixed flow picture suggests potential challenges in client retention despite the overall AUM growth.

Breaking down by asset class, Equity assets saw the strongest growth, increasing from $315 billion to $332 billion - a substantial 5.4% rise that likely reflects strong equity market performance during May. Fixed Income assets remained relatively stable with modest growth from $295 billion to $296 billion, while Alternatives/Multi-Asset Solutions increased from $171 billion to $175 billion.

The contrasting story between market-driven appreciation and client outflows merits attention. While growing AUM positively impacts management fee revenue, persistent outflows across major distribution channels could eventually counteract market gains if the trend continues. The Private Wealth segment's positive flows represent a bright spot, but institutional outflows are particularly noteworthy given their typically larger account sizes and impact on fee stability.

NASHVILLE, Tenn., June 10, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $803 billion during May 2025 from $781 billion at the end of April. The 2.8% increase in month-end AUM was driven by market appreciation, partially offset by net outflows. By channel, private wealth experienced slight inflows, which were offset by institutional and retail outflows. 

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At May 31, 2025																Apr 30,
																	2025
									Private
	Institutions				Retail				Wealth				Total				Total
Equity
Actively Managed	$	49			$	160			$	54			$	263			$	249
Passive	25				37				7				69				66
Total Equity	74				197				61				332				315
Fixed Income
Taxable	115				72				20				207				207
Tax-Exempt	2				47				30				79				78
Passive	—				10				—				10				10
Total Fixed Income	117				129				50				296				295
Alternatives/Multi-Asset Solutions(1)	138				8				29				175				171
Total	$	329			$	334			$	140			$	803			$	781
	At April 30, 2025
Total	$	323			$	322			$	136			$	781

(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. 

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SOURCE AllianceBernstein

FAQ

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

AllianceBernstein's total AUM as of May 2025 was $803 billion, up from $781 billion in April 2025.

How much did AB's assets under management increase in May 2025?

AB's AUM increased by 2.8%, from $781 billion to $803 billion during May 2025.

What caused the change in AB's AUM in May 2025?

The increase in AUM was driven by market appreciation, partially offset by net outflows across channels.

How are AB's assets distributed across different investment categories?

As of May 2025, AB's assets were distributed as: $332 billion in equity, $296 billion in fixed income, and $175 billion in alternatives/multi-asset solutions.

Which of AB's business channels experienced inflows in May 2025?

Only the private wealth channel experienced slight inflows, while institutional and retail channels saw outflows.