Recent Updates — AB
AllianceBernstein Holding L.P. reported GAAP net income of $0.79 per Unit and adjusted net income of $0.88 per Unit for the third quarter ended September 30, 2026. The firm generated $6.6 billion in net inflows, its strongest quarterly result in four years, driven by institutional demand for credit and alternatives. Adjusted operating income was stable year-over-year at $303 million, while adjusted net revenues grew 2.2% to $904 million. Assets under management ended the quarter at $900.4 billion. The company declared a cash distribution of $0.88 per Unit, payable on November 19, 2026, to holders of record as of November 6, 2026. AllianceBernstein is a global investment management firm providing research and diversified investment services to institutional, retail, and private wealth clients.
AllianceBernstein announced that preliminary assets under management decreased to $900 billion at the end of September 2026, down from $919 billion in August. The 2% monthly decline was driven by market depreciation and net outflows, particularly in Retail and Private Wealth channels, although Institutional clients generated net inflows. For the quarter ended September 30, 2026, firmwide preliminary net inflows totaled approximately $6.0 billion. AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients.
AllianceBernstein Holding L.P. announced that CEO Seth Bernstein will retire on March 31, 2027, while remaining on the Board of Directors. He receives a $2.5 million appreciation grant and $325,000 in salary continuation. Onur Erzan is appointed President and CEO effective April 1, 2027, with a total compensation target of $13.5 million for fiscal year 2027. Bernstein led the firm through significant growth, expanding assets under management to over $919 billion as of August 2026. AllianceBernstein is a leading global investment management firm and a subsidiary of Equitable Holdings.
AllianceBernstein reported second quarter 2026 financial results for the period ended June 30, 2026. The company achieved record assets under management of $905.5 billion, up 9.2% year-over-year. Adjusted net income per Unit was $0.82, compared to $0.76 in the prior year, while adjusted net revenues rose 5.1% to $887.5 million. The firm generated $0.8 billion in net inflows, rebounding from outflows in previous quarters, driven by $4 billion in Alternatives/MAS inflows and a $9 billion retail sub-advisory mandate. Adjusted operating margin expanded by 70 basis points to 33.0%. AllianceBernstein is a global investment management firm providing research and diversified investment services.