AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended December 31, 2017.
“Our outstanding momentum with clients culminated in impressive operating results in 2017,” said Seth P. Bernstein, President and CEO of AllianceBernstein. “Not only did we attract $19.1 billion in active net inflows and increase our average fee rate by 2.7%; we also grew both adjusted net revenues and operating income by double-digits, and expanded our adjusted operating margin for the sixth consecutive year, to 27.7%.”
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