antonyme de affable

Equitable Holdings, Inc. (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde.In 1991, French insurance firm AXA acquired majority control of The Equitable. Equitable Holdings, Inc. (NYSE; EQH) comprises two complementary and well-established principal franchises, Equitable Financial Life Insurance Company and AllianceBernstein. We also excluded the limited partner interests we do not own. Higher distribution revenues and investment advisory fees were partially offset by lower net dividend and interest income, Bernstein Research revenues and investment gains. We adjust for the revenue impact of consolidating company-sponsored investment funds by eliminating the consolidated company-sponsored investment funds' revenues and including AB's fees from such consolidated company-sponsored investment funds and AB's investment gains and losses on its investments in such consolidated company-sponsored investment funds that were eliminated in consolidation. Higher promotion and servicing expenses were partially offset by lower total employee compensation and benefits expense. Previously, we had been excluding the value of this investment from adjusted net revenues. Sequentially, operating income increased 4% from $210 million in the second quarter of 2020 and the operating margin of 24.1% increased 240 basis points from 21.7% in the second quarter of 2020. 6. AXA Equitable Holdings named Ramon de Oliveira as the independent Chairman of the AXA Equitable Holdings and AllianceBernstein Boards of Directors. Acquisition-related expenses have been excluded because they are not considered part of our core operating results when comparing financial results from period to period and to industry peers. Also, adjusted net revenues exclude investment gains and losses and dividends and interest on employee long-term incentive compensation-related investments. Excluding AXA redemptions of low-fee fixed income mandates of $2.2 billion in the third quarter and $7.9 billion in the second quarter, the firm generated net inflows of $5.3 billion in the third quarter and net inflows of $4.6 billion in the second quarter of 2020. These products and services enable individuals to choose from advantages such as wealth accumulation, guaranteed income, death benefits and tax-efficient distribution options. Equitable Holdings, Inc. ( NYSE: EQH ) is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein . EQ Financial Consultants (formerly, Equico Securities, Inc.) was merged into AXA Advisors, LLC on Sept. 20, 1999. Third quarter adjusted operating expenses of $511 million decreased 3% from $527 million in the third quarter of 2019, driven by lower promotion and servicing expenses, total employee compensation and benefits and interest on borrowings, partially offset by higher G&A expenses. This represents 4.2 percent ownership of the company. The firm's cash distribution per Unit of $0.69 is payable on November 12, 2020, to holders of record of AB Holding Units at the close of business on November 2, 2020. Promotion and servicing expenses increased due to higher distribution related payments, partially offset by lower trade execution costs. Equitable Holdings, Inc. (NYSE; EQH) comprises two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Third quarter adjusted net revenues of $727 million were flat from the third quarter of 2019. Available Cash Flow typically is the adjusted diluted net income per unit for the quarter multiplied by the number of units outstanding at the end of the quarter. However, beginning in the fourth quarter of 2019, real estate charges (credits), while excluded in the period in which the charges (credits) are recorded, are included ratably over the remaining applicable lease term. AllianceBernstein has been enormously beneficial for Equitable Holdings. Our employee benefits segment provides small and medium-sized businesses a suite of differentiated insurance products to protect their employees, regardless of what happens in life. We distribute our variable annuity products through our affiliated retail sales force and a wide network of approximately 600 third-party firms, reaching more than 100,000 financial professionals. In Private Wealth, improved sales and net inflows reflected fundings from a diverse client pipeline. Equitable Holdings is well-positioned for continued performance and value creation with approximately 12,000 employees and financial professionals, $701 billion in assets under management (as of 9/30/19) and more than 5 million client relationships globally. In both arrangements, the third-party client intermediary owns the relationship with the client and is responsible for performing services and distributing the product to the client on our behalf. (1) Includes index and enhanced index services. Third quarter adjusted diluted net income per Unit of $0.69 was up from $0.63 in the third quarter of 2019 and up from $0.61 in the second quarter of 2020. We move forward with confidence in our ability to continue to deliver for our clients.". Equitable Holdings, Inc. (NYSE; EQH) comprises two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. For certain products, based on the distinct arrangements, certain distribution fees are collected by us and passed through to third-party client intermediaries, while for certain other products, we collect investment advisory services fees and a portion is passed through to third-party client intermediaries. ” – AllianceBernstein Corporation (Delaware corporation), the general partner of AB and AB Holding and a subsidiary of AXA Equitable Holdings, and, where appropriate, ACMC, LLC, its predecessor. All guarantees are based on the claims-paying ability of Equitable Financial Life Insurance Company. “ Investment Advisers Act ” – the Investment Advisers Act of 1940, as amended. AllianceBernstein provides diversified investment management, research and related solutions to a broad range of clients around the world. "Earnings and cash distributions to Unitholders grew year-over-year and sequentially, and we generated net inflows in all three client channels. Prior to 2009, a significant portion of employee compensation was in the form of long-term incentive compensation awards that were notionally invested in AB investment services and generally vested over a period of four years. Equitable Holdings, Inc. (NYSE; EQH) comprises two complementary and well-established principal franchises, Equitable Financial Life Insurance Company and AllianceBernstein. Employee compensation and benefits expense decreased due to lower fringes, commissions and recruitment costs, partially offset by higher incentive compensation. Equitable owns two principal businesses: Equitable Financial Life Insurance Co. and a majority (65%) stake in AllianceBernstein Holdings L.P. (AB), a highly respected investment management and research firm. Company announces additional executive appointments for key leadership positions Equitable Holdings, Inc. ( NYSE:EQH ), the financial services holding company comprised of Equitable and AllianceBernstein , today announced the appointment of Robin M. Raju to Chief Financial Officer, effective April 1, pending approval from the Equitable Holdings Board of Directors. Employee compensation and benefits expense increased due to higher commissions, base compensation and incentive compensation, partially offset by lower fringes. Higher investment advisory base fees were partially offset by lower Bernstein Research revenues, investment losses compared to investment gains in the prior period and lower performance-based fees. Management principally uses these non-GAAP financial measures in evaluating performance because we believe they present a clearer picture of our operating performance and allow management to see long-term trends without the distortion caused by long-term incentive compensation-related mark-to-market adjustments, real estate charges/credits and other adjustment items. Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein… We are at the intersection of advice, asset management and financial protection which provides our clients with products and strategies to help them address their long-term financial needs and our shareholders with attractive growth potential. Higher promotion and servicing expenses and total employee compensation and benefits expense were partially offset by lower real estate charges and general and administrative ("G&A") expenses. As such, we exclude these fees from adjusted net revenues. Equitable Holdings, Inc. (NYSE; EQH) comprises two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. Management anticipates that Available Cash Flow will continue to be based on adjusted diluted net income per unit, unless management determines, with concurrence of the Board of Directors, that one or more adjustments made to adjusted net income should not be made with respect to the Available Cash Flow calculation. Active equities grew 8% organically, with inflows of $1.7 billion, positive for the 14th straight quarter. The recording of changes in estimates of contingent consideration payable with respect to contingent payment arrangements associated with our acquisitions are not considered part of our core operating results and, accordingly, have been excluded. Promotion and servicing expenses increased due to higher distribution related payments and amortization of deferred sales commissions, partially offset by lower travel and entertainment and marketing expenses. As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings ("EQH"), directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein. ... • “AB Holding” means AllianceBernstein Holding L.P., a Delaware limited partnership. Through our two businesses, our clients have entrusted us with over $670 billion of assets under management. Net Flows for Three Months Ended 9/30/2020: Total net inflows were $3.1 billion in the third quarter, compared to net outflows of $3.3 billion in the second quarter of 2020, and net inflows of $8.1 billion in the prior year third quarter. Sequentially, adjusted net revenues increased 4% from $699 million. Real estate charges (credits) incurred have been excluded because they are not considered part of our core operating results when comparing financial results from period to period and to industry peers. Promotion and servicing expenses decreased due to lower travel and entertainment expense and marketing expense. Our institutional pipeline of $16.9 billion continued to reflect strong alternatives and active equity participation, in addition to growth in multi-asset (CRS) strategies. To listen by telephone, please dial (833) 495-0952 in the U.S. or (409) 216-0498 outside the U.S. 10 minutes before the scheduled start time. Parties may access the conference call by either webcast or telephone: The presentation management will review during the conference call will be available on AB's Investor Relations website shortly after the release of Third Quarter 2020 financial and operating results on October 22, 2020. NEW YORK, Oct. 22, 2020 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today reported financial and operating results for the quarter ended September 30, 2020. U.S. and global equity and fixed income markets were up in the third quarter extending a broad-based recovery from steep declines experienced during the first quarter. The compensation expense associated with these awards has been excluded from our non-GAAP measures because they are non-cash and are based upon EQH's, and not AB's, financial performance. The non-GAAP measures alone may pose limitations because they do not include all of our revenues and expenses. Important information: A long-term financial product designed for retirement purposes, an annuity is essentially a contractual agreement in which payment(s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. Institutional channel third quarter net inflows of $2.1 billion compared to net outflows of $6.4 billion in the second quarter of 2020. The sequential decrease was due to lower customer trading activity in the U.S. and Europe. US GAAP Consolidated Statement of Income (Unaudited), Amortization of deferred sales commissions, Trade execution, marketing, T&E and other, Net  income (loss) of consolidated entities attributable to non-controlling interests, Net income attributable to AB Unitholders, AB Holding L.P. (The Publicly-Traded Partnership), Equity in Net Income Attributable to AB Unitholders, Additional Equity in Earnings of Operating Partnership (1). The conference call will be hosted by Seth P. Bernstein, President and Chief Executive Officer, Ali Dibadj, Head of Finance and Strategy, John C. Weisenseel, Chief Financial Officer, and Kate Burke, Chief Operating Officer. We believe offsetting distribution revenues and certain investment advisory services fees is useful for our investors and other users of our financial statements because such presentation appropriately reflects the nature of these costs as pass-through payments to third parties that perform functions on behalf of our sponsored mutual funds and/or shareholders of these funds. Third Quarter 2020 Earnings Conference Call Information. Annuity and life insurance products are issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY), which was established in 1859, and life insurance products are issued by Equitable Financial Life insurance Company of America (Equitable America), an AZ stock corporation headquartered in Jersey City, NJ. A replay of the webcast will be made available beginning approximately one hour after the conclusion of the conference call and will be available on AB's website for one week. Mr. de Oliveira has held a variety of board positions with subsidiaries of the company since 2011, and currently serves on the AXA Equitable Holdings and "The firm delivered strong financial results in an improving, though still uncertain economic and market environment," said Seth P. Bernstein, President and CEO of AllianceBernstein. Our annuity products help our clients accumulate wealth and prepare for their retirement income needs. Retail channel third quarter net inflows of $0.7 billion compared to net inflows of $3.8 billion in the second quarter of 2020. The phrases "adjusted net revenues", "adjusted operating expenses", "adjusted operating income", "adjusted operating margin" and "adjusted diluted net income per Unit" are used in the following earnings discussion to identify non-GAAP information. Higher total employee compensation and benefits expense was partially offset by lower promotion and servicing and G&A expenses. Sequentially, adjusted operating expenses increased 1% from $504 million. Equitable Holdings owns a 65 percent stake in AllianceBernstein, a leading global investment management and research firm. Total amount of AB Holding Units Purchased, Total Cash Paid for AB Holding Units Purchased, Open Market Purchases of AB Holding Units Purchased, Total Cash Paid for Open Market Purchases of AB Holding Units, Additional Equity in Earnings of Operating Partnership, http://alliancebernstein.com/investorrelations, http://www.prnewswire.com/news-releases/alliancebernstein-holding-lp-announces-third-quarter-results-301157434.html, To listen by webcast, please visit AB's Investor Relations website at. Retail gross sales of $17.5 billion decreased sequentially from $19.6 billion. We expanded operating margins and drove double-digit earnings growth both year-over-year and sequentially.". (1) To reflect higher ownership in the Operating Partnership resulting from application of the treasury stock method to outstanding options. The decrease from prior year was due to reduced customer trading volumes in the U.S. and Europe, partially offset by growth in Asia. Net Revenue, as adjusted, is reduced to exclude all of the company's distribution revenues, which are recorded as a separate line item on the consolidated statement of income, as well as a portion of investment advisory services fees received that is used to pay distribution and servicing costs. The conference ID# is 5360089. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, integration of acquired companies, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. Bernstein continued, "In Retail, we generated net inflows despite gross sales normalizing following record prior periods. Similarly, we believe that non-GAAP earnings information helps investors better understand the underlying trends in our results and, accordingly, provides a valuable perspective for investors. Sequentially, adjusted operating income of $216 increased 11% from $195 million and the adjusted operating margin of 29.7% in the third quarter of 2020 increased 180 basis points from 27.9%. AllianceBernstein Holding Units are publicly traded on the New York Stock exchange. Any awards granted to Mr. Bernstein by EQH are recorded as compensation expense in AB's consolidated statement of income. I mean if you look at cash flows today, it's 30% of cash flows and total … © 2020 Equitable Holdings, Inc. Total amount of AB Holding Units Purchased (1), Total Cash Paid for AB Holding Units Purchased (1), Open Market Purchases of AB Holding Units Purchased (2), Total Cash Paid for Open Market Purchases of AB Holding Units (2). Higher investment advisory fees were partially offset by investment losses compared to investment gains in the prior year and lower Bernstein Research revenues. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed below, could also adversely affect AB's revenues, financial condition, results of operations and business prospects. AXA Equitable Holdings, Inc. (NYSE:EQH) announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock based on third quarter 2019 earnings. Financial Professionals are registered with associated broker-dealers, including Equitable Advisors, LLC (member FINRA, SIPC). Excluding these legal fees, G&A would have increased by less than 2%. Within G&A, the decrease is attributable to lower technology and office-related expenses, partially offset by higher professional fees. As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings ("EQH"), directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein. AB economically hedged the exposure to market movements by purchasing and holding these investments on its balance sheet. Our colleagues around the world have proven their resiliency in the face of recent circumstances, strengthening the foundation of our firm. Bernstein Research revenues declined versus both prior periods, as higher retail participation led to lower institutional trading volumes and market volatility declined from this year's second quarter. Please note, however, that these non-GAAP measures are provided in addition to, and not as a substitute for, any measures derived in accordance with US GAAP and they may not be comparable to non-GAAP measures presented by other companies. Private Wealth channel third quarter net inflows of $0.3 billion compared to net outflows of $0.7 billion in the second quarter of 2020. Third quarter adjusted operating income of $216 million increased 8% from $200 million in the third quarter of 2019, and the adjusted operating margin of 29.7% increased 220 basis points from 27.5%. The public portion of the company, AllianceBernstein Holding (ticker: AB), owns 35%, while Equitable Holdings (EQH), the life insurer, holds the other 65%. Adjusted operating margin is derived by dividing adjusted operating income by adjusted net revenues. Also, we adjust distribution revenues for the amortization of deferred sales commissions as these costs, over time, will offset such revenues. Gonzalez joins the Equitable Holdings Management Committee and will report to President and Chief Executive Officer Mark Pearson. RECONCILIATION OF GAAP FINANCIAL RESULTS TO ADJUSTED FINANCIAL RESULTS, Impact of consolidated company-sponsored investment funds, Long-term incentive compensation-related investment (gains) losses, Long-term incentive compensation-related dividends and interest, Long-term incentive compensation-related items, Less: Net income (loss) of consolidated entities attributable to non-controlling interests, Operating Margin, GAAP basis excl. We expect these redemptions to total approximately $14 billion, with the remaining redemptions expected to be completed by the end of the first quarter of 2021. Annuity and life insurance products are issued by AXA Equitable Life Insurance Company (AXA Equitable / AXA Equitable Life) (NY, NY), which was established in 1859. Equitable Holdings, LLC had its name changed to EQ Holdings, LLC, effective November 4, 2019. Sales and net inflows of active equities remained robust in both Retail and Institutional, and our Private Client channel generated sales growth and net inflows.

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