FAIRPORT, N.Y., Oct. 12,
2022 /PRNewswire/ -- Manning & Napier,
Inc. (NYSE: MN), ("Manning & Napier" or "the Company")
today reported preliminary assets under management ("AUM") as of
September 30, 2022 of $17.4 billion, which included approximately
$12.4 billion in separately managed
accounts and approximately $5.0
billion in mutual funds and collective investment
trusts.
Transaction Update
As previously announced, Manning & Napier expects to
complete its transaction with Callodine Group in October 2022.
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 274 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
646-818-9237
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.