Alliancebernstein Hldg L P (AB) Stock News, May-Aug 2025

AllianceBernstein (NYSE:AB) reported Q2 2025 financial results with adjusted net income of $0.76 per unit and declared a cash distribution of $0.76 per unit. The firm's assets under management reached a record $829.1 billion, with private wealth representing 17% and EQH general account assets comprising 10% of the $685 billion asset management business.

The quarter saw active net outflows of $4.8 billion, primarily in April, though flows improved by June as conditions stabilized. The institutional pipeline expanded to $21.9 billion, up from $13.5 billion in Q1. Compared to Q2 2024, investment advisory base fees grew 4%, adjusted operating income increased 7%, and adjusted operating margin expanded 150 basis points to 32.3%.

[ "Record AUM of $829.1 billion, up 7.7% year-over-year", "Adjusted operating margin expanded 150 basis points to 32.3%", "Investment advisory base fees grew 4% year-over-year", "Adjusted operating income increased 7.4% to $272.9 million", "Institutional pipeline grew significantly to $21.9 billion from $13.5 billion in Q1" ]

AllianceBernstein (NYSE: AB) has announced the addition of Pacific Life to its multi-insurer lifetime income platform for Defined Contribution (DC) plans. The platform includes the Lifetime Income Strategy (LIS) and AB Secure Income Portfolio, with LIS currently managing approximately $12 billion in assets, including $4.5 billion in secured income.

The platform offers flexible lifetime income solutions through multiple insurers, providing DC plan participants with secure retirement income streams while maintaining account control and growth potential. Pacific Life joins other major insurers including Equitable, Jackson National Life, Lincoln National Life, and Nationwide Life Insurance Company. The solutions are currently available on three recordkeeping platforms with planned expansion.

AllianceBernstein (NYSE: AB) reported a significant increase in assets under management (AUM) to $829 billion in June 2025, up 3% from $803 billion in May 2025. The growth was primarily attributed to market appreciation and modest net inflows.

The firm's AUM breakdown shows $344 billion in Equity (including $273B actively managed), $304 billion in Fixed Income, and $181 billion in Alternatives/Multi-Asset Solutions. While institutional segment saw net inflows, both retail and private wealth experienced net outflows. The quarter ending June 2025 recorded preliminary firmwide net outflows of $6.7 billion.

AllianceBernstein's (NYSE: AB) Bernstein Private Wealth Management unit announced three key leadership appointments to drive its inorganic growth strategy and ultrahigh-net-worth (UHNW) expansion. Craig Storch, a 25-year veteran, has been promoted to Senior Managing Director for Growth Strategies, while Neel Ray joins as Senior National Director and Marshall Butler as Head of Marketing.

The appointments support Bernstein's strategy to recruit experienced wealth advisors in strategic markets and acquire select registered investment advisors (RIAs). This initiative follows the January 2024 buildout of Bernstein's UHNW service team and complements the firm's 50-year history of organic talent development. The firm recently established a new office at Hudson Yards, New York City, in September 2024.

AllianceBernstein (NYSE: AB) has scheduled its Second Quarter 2025 financial and operating results release for July 24, 2025, before market opening. The company will host a teleconference at 9:00 am (CT) on the same day.

Key executives participating in the call include Seth Bernstein (President and CEO), Thomas Simeone (CFO), and Onur Erzan (Head of Global Client Group and Private Wealth). Investors can access the conference via webcast through AB's Investor Relations website or by telephone. The presentation materials will be available on the company's website after the results release.

AllianceBernstein (NYSE: AB) has launched its new actively managed ETF, the AB Emerging Markets Opportunities ETF (EMOP), on the NYSE. The fund aims for long-term capital growth by investing at least 80% of its net assets in emerging market equity securities. EMOP focuses on companies offering strong profitability prospects, reasonable valuations, and favorable fundamental and quantitative trends. Led by Global Head of ETFs Noel Archard and Head of Emerging Markets Sammy Suzuki, the launch responds to increased demand for non-US equity exposure. The fund leverages AB's 30-year experience in emerging markets investing, combining fundamental research with quantitative tools. Jane Street serves as the Lead Market Maker for the fund.

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.

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.

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.