AllianceBernstein Reports March 2026 AUM Decline and Net Outflows

Key Highlights from March 2026 Financial Update

• Assets Under Management (AUM) Decline: AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) reported a significant decrease in preliminary assets under management, falling to \$839 billion as of March 31, 2026, from \$880 billion at the end of February 2026. This marks a notable \$41 billion decline within a single month, primarily attributed to market depreciation and, to a lesser extent, net outflows.
• Net Outflows: The firm experienced firmwide net outflows totaling \$7.2 billion for the quarter ended March 31, 2026. During March, modest net inflows in Private Wealth were more than offset by net outflows in the Retail and Institutional channels.
• Channel Breakdown:
  • Equity: Total equity AUM dropped from \$355 billion at the end of February to \$327 billion by March 31, with both actively managed and passive strategies seeing reductions.
  • Fixed Income: Total fixed income AUM decreased to \$312 billion from \$321 billion, with both taxable and tax-exempt components seeing declines.
  • Alternatives/Multi-Asset Solutions: AUM in this segment also reduced slightly from \$204 billion to \$200 billion.
• Ownership Structure: As of March 31, 2026, AllianceBernstein Holding owned approximately 31.4% of AllianceBernstein. Equitable Holdings, Inc. (“EQH”) held an approximate 68.0% economic interest in AllianceBernstein, factoring in both general and limited partnership interests.

Details Investors Should Watch

• Potentially Price-Sensitive Information:
  • The sharp decline in AUM by \$41 billion in just one month may raise concerns about the firm’s asset retention, investment performance, and market positioning, all of which could be price sensitive and impact share value.
  • Net outflows of \$7.2 billion for the quarter highlight ongoing client withdrawals, particularly from Retail and Institutional channels, potentially signaling challenges in client confidence or competitive pressure.
• Market & Economic Risks: The release cautions about forward-looking statements, referencing possible adverse impacts from financial market performance, economic conditions, industry trends, competitive environment, regulatory changes, and integration of acquisitions. These factors could materially affect future financial results and should be closely monitored by investors.
• Ownership Structure: The significant ownership stake by Equitable Holdings, Inc. (68% economic interest) could influence strategic direction, governance, and capital allocation at AllianceBernstein, which shareholders should consider in their investment decisions.

Comprehensive AUM Breakdown (as of March 31, 2026)

Management Commentary and Forward-Looking Statements

Management has issued cautionary statements regarding the risks associated with forward-looking statements. Investors are advised to consider a range of factors that could materially affect the company’s financial results, including market volatility, investment performance, economic trends, regulatory changes, competition, and future acquisitions. AB does not undertake any obligation to update forward-looking statements, and investors are encouraged to consult AB’s recent SEC filings for further risk disclosures.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm offering diversified services to institutional, individual, and private wealth clients across major markets. For more information, visit www.alliancebernstein.com.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with financial advisors before making any investment decisions. The information is based on preliminary figures and statements provided by AllianceBernstein and may be subject to change.

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