FAIRPORT, N.Y., May 11, 2022
/PRNewswire/ -- Manning & Napier, Inc. (NYSE:
MN), ("Manning & Napier" or "the Company") today
reported preliminary assets under management ("AUM") as of
April 30, 2022 of $19.6 billion, compared with $20.6 billion at March 31,
2022. AUM by investment vehicle and by portfolio are set
forth in the table below.
|
Assets Under Management
|
|
|
(in
millions)
|
|
|
|
|
|
|
|
|
|
April 30,
2022
|
|
March 31,
2022
|
|
|
|
|
|
|
|
|
By investment vehicle:
|
|
|
|
|
|
|
Separate
accounts
|
|
$ 14,074.9
|
|
$
14,916.1
|
|
|
Mutual funds and
collective investment trusts
|
|
5,486.3
|
|
5,733.1
|
|
|
Total
|
|
$
19,561.2
|
|
$
20,649.2
|
|
|
|
|
|
|
|
|
By portfolio:
|
|
|
|
|
|
|
Blended
Asset
|
|
$ 13,373.0
|
|
$
14,112.3
|
|
|
Equity
|
|
5,066.0
|
|
5,452.0
|
|
|
Fixed
Income
|
|
1,122.2
|
|
1,084.9
|
|
|
Total
|
|
$
19,561.2
|
|
$
20,649.2
|
|
About Manning & Napier,
Inc.
Manning & Napier (NYSE: MN) provides a
broad range of investment solutions through separately managed
accounts, mutual funds, and collective investment trust funds, as
well as a variety of consultative services that complement our
investment process. Founded in 1970, we offer equity, fixed income
and alternative strategies, as well as a range of blended asset
portfolios, including life cycle funds. We serve a diversified
client base of high-net-worth individuals and institutions,
including 401(k) plans, pension plans, Taft-Hartley plans,
endowments and foundations. For many of these clients, our
relationship goes beyond investment management and includes
customized solutions that address key issues and solve
client-specific problems. We are headquartered in Fairport, NY and had 275 employees as of
March 31, 2022.
Safe Harbor Statement
This press release and other
statements that the Company may make may contain forward-looking
statements within the meaning of section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
which reflect the Company's current views with respect to, among
other things, its operations and financial performance. Words like
"believes," "expects," "may," "estimates," "will," "should,"
"intends," "plans," or "anticipates" or the negative thereof or
other variations thereon or comparable terminology, are used to
identify forward-looking statements, although not all
forward-looking statements contain these words. Although the
Company believes that it is basing its expectations and beliefs on
reasonable assumptions within the bounds of what it currently knows
about its business and operations, there can be no assurance that
its actual results will not differ materially from what the Company
expects or believes. Some of the factors that could cause the
Company's actual results to differ from its expectations or beliefs
include, without limitation: changes in securities or financial
markets or general economic conditions; the impact of COVID-19 on
the U.S. and global economy; a decline in the performance of the
Company's products; client sales and redemption activity; any loss
of an executive officer or key personnel; changes in the Company's
business related to strategic acquisitions and other transactions;
the Company's ability to successfully deploy new technology
platforms and upgrades; changes of government policy or
regulations; and other risks discussed from time to time in the
Company's filings with the Securities and Exchange Commission.
Contacts
Investor Relations
Contact
Emily Blum
Prosek Partners
973-464-5240
eblum@prosek.com
Public Relations Contact
Nicole Kingsley Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com
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SOURCE Manning & Napier, Inc.