AllianceBernstein ends year with increased revenues

Nashville-based AllianceBernstein reported Friday fourth quarter and annual results for 2021, with Q4 net revenues of $1.3 billion up 19 percent compared to the figure of the same period in 2020.

According to a release, 2021 net revenues for the global asset management firm were $4.4 billion, an increase of about 20 percent compared to the $3.7 billion mark in 2020. Higher investment advisory base fees, distribution revenues, performance-based fees, higher shareholder services fees and lower investment losses were partially offset by lower Bernstein Research revenues, the company reported.