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, 2018.
“We continued to take steps to strengthen our strategic position and maintained strong underlying momentum across our business in 2018,” said Seth P. Bernstein, President and CEO of AllianceBernstein. “Our full year results reflect our sustained investment in active equities, which grew at an organic rate of nearly 8%, and the growth of our equities and alternatives services drove an improvement of 1% in our average fee rate. Through disciplined expense management, we added 140 basis points to our adjusted operating margin of 29.1%.”
Click here for Press Release
Click here for Press Presentation
Click here for Webcast