AllianceBernstein reports preliminary AUM $792B as of December 31

AllianceBernstein (AB) announced that preliminary assets under management decreased to $792B during December 2024 from $813B at the end of November. Market depreciation, coupled with net outflows across all three channels (Institutions, Retail and Private Wealth), resulted in a 2.6% decline in month-end AUM during the month of December. For the quarter-ended December 2024, preliminary firmwide net outflows totaled $5B.