AllianceBernstein Holding L.P. Q4 2023 Financial Report

Executive Summary

For the quarter and year ended December 31, 2023, AllianceBernstein L.P. (AB) and AllianceBernstein Holding L.P. (AB Holding) reported a notable performance driven by a combination of strong market gains and strategic growth in fixed income allocations. Despite a modest decline in average AUM and adjusted operating income, the firm's strategic positioning in municipal and taxable fixed income markets, alongside an expanded private markets platform, bolstered overall financial resilience.

Financial Highlights

Market and AUM Performance

End-of-period Assets Under Management (AUM) stood at $725.2 billion, marking a 12.2% increase YOY, fueled by robust inflows across Retail and Private Wealth channels and a significant appreciation in global markets. Average AUM over the period slightly decreased by 0.9% YOY to $680.3 billion, reflective of the market's volatility throughout the year.

Strategic Focus and Outlook

As we enter 2024, AllianceBernstein maintains a prudent outlook, anticipating continued market volatility. Our strategic focus remains on delivering outstanding investment performance and efficiently managing our diverse investment portfolio to cater to our clients' evolving needs.

Declaration and Payment of Distribution

The firm's cash distribution per Unit of $0.77 is payable on March 14, 2024, to holders of record of AB Holding Units at the close of business on February 20, 2024.

Forward-Looking Statements

This document contains forward-looking statements regarding expected future financial performance and results. These statements are based on current expectations and are subject to risk factors that could cause actual results to differ materially.