Aditya Omprakash's questions to AllianceBernstein Holding LP (AB) leadership • Q3 2024
Question
Aditya Omprakash, on for Alex Blostein, asked about the active ETF opportunity, the nature of client dialogues, and the appetite for these products from intermediary channels.
Answer
Onur Erzan, Head of Global Client Group and Private Wealth, highlighted the success of reaching over $5 billion in AUM in two years and noted that as products meet AUM and time-in-market thresholds, they gain access to large broker-dealer platforms, creating a significant cross-sell opportunity. CEO Seth Bernstein added that 70% of the ETF AUM represents new money for the firm, not conversions from existing strategies.