04:52 PM EDT, 06/11/2024 (MT Newswires) -- AllianceBernstein ( AB ) said late Tuesday that preliminary assets under management rose to $757 billion during May from $736 billion at the end of April.

Market appreciation and firmwide net inflows resulted in a 3% increase in assets under management, the company said.

By channel, net inflows in retail and institutions were partially offset by net outflows in private wealth.

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