AllianceBernstein reports preliminary AUM $793B as of October 31

AllianceBernstein (AB) announced that preliminary assets under management decreased to $793B during October from $806B at the end of September. The 2% decrease in month-end AUM was entirely driven by market depreciation, as firmwide net flows were flat in October. By channel, net inflows in Private Wealth and Retail were offset by Institutional net outflows.