AllianceBernstein reported $474 billion in assets under management as of Dec. 31, which is flat from Sept. 30 but up 5.2%, from a year earlier.
In its earnings statement issued Thursday, the company said institutional assets under management totaled $237 billion, while retail accounted for $161.5 billion and private clients, $75.5 billion.
The firm reported net outflows for the quarter of $1.6 billion, with institutional net outflows totaling $300 million. In the previous quarter, the manager reported total net inflows of $2.8 billion and institutional net inflows, also of $2.8 billion.
Net retail outflows, meanwhile, were $1.2 billion in the fourth quarter, while net outflows for private clients totaled $100 million. In the previous quarter, net retail outflows were $100 million, while net inflows for private clients were $100 million.
Net revenue for the fourth quarter totaled $787 million, up 5% from the previous quarter and up 3% from the year-earlier quarter.
AllianceBernstein’s third-quarter net income totaled $177.4 million, up 27% from the prior quarter but down 2.7% from the fourth quarter of 2013.