FAIRPORT, N.Y., Aug. 10,
2022 /PRNewswire/ -- Manning & Napier,
Inc. (NYSE: MN), ("Manning & Napier" or "the
Company") today reported preliminary assets under management
("AUM") as of July 31, 2022 of
$19.3 billion, compared with
$18.5 billion at June 30, 2022. AUM by investment vehicle
and by portfolio are set forth in the table below.
|
Assets Under
Management
|
|
|
(in
millions)
|
|
|
|
|
|
|
|
|
|
July 31,
2022
|
|
June 30,
2022
|
|
|
|
|
|
|
|
|
By investment
vehicle:
|
|
|
|
|
|
|
Separate
accounts
|
|
$ 13,782.2
|
|
$
13,305.2
|
|
|
Mutual funds and
collective investment trusts
|
|
5,480.8
|
|
5,149.7
|
|
|
Total
|
|
$ 19,263.0
|
|
$
18,454.9
|
|
|
|
|
|
|
|
|
By
portfolio:
|
|
|
|
|
|
|
Blended
Asset
|
|
$ 13,069.9
|
|
$
12,624.8
|
|
|
Equity
|
|
4,950.2
|
|
4,668.8
|
|
|
Fixed Income
|
|
1,242.9
|
|
1,161.3
|
|
|
Total
|
|
$ 19,263.0
|
|
$
18,454.9
|
|
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
June 30, 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," or
"should," 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: the delay in or failure to consummate the proposed
transaction with Callodine Group; changes in our business related
to the proposed transaction with Callodine Group; changes in
securities or financial markets or general economic conditions,
including as a result of the COVID-19 pandemic or political
instability and uncertainty, such as the Russian invasion of
Ukraine; inflation; changes in
interest rates; a decline in the performance of the Company's
products; client sales and redemption activity; any loss of an
executive officer or key personnel; 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.