Record AUM and Growth in Private Wealth
Firmwide assets under management reached $860 billion, with Bernstein Private Wealth achieving a record high of $153 billion.
Positive Net Flows and Strong Demand in Key Asset Classes
Firmwide net flows were $1.7 billion positive, led by tax-exempt fixed income and private alternatives, with $4 billion in tax-exempt inflows.
Strategic Partnerships and New Ventures
Announced a partnership with Fortitude and investment in FCA Re to expand leadership in global insurance asset management.
Strong Financial Performance
Adjusted earnings for the third quarter increased by 12% compared to the prior year, with a 15% increase in operating income.
Expansion of Private Markets Platform
Private markets platform grew to nearly $80 billion in assets, with a focus on credit-oriented strategies.