Alliance Bernstein AUM falls 2.6% in December (AB:NYSE)

AllianceBernstein’s (NYSE:AB) preliminary assets under management dropped to $792B at Dec. 31, 2024, from $813B at Nov. 30, due to market declines and net outflows across all three of its channels, the company said on Monday. During the month, the S&P 500 fell by 2.3%.