Manning & Napier, Inc. Reports November 30, 2013 Assets Under Management

Business Wire

FAIRPORT, N.Y.--(BUSINESS WIRE)--

Manning & Napier, Inc. (MN), (“Manning & Napier” or “the Company”) today reported preliminary assets under management (AUM) of $50.4 billion at November 30, 2013, compared with $49.1 billion at September 30, 2013 and $45.2 billion at December 31, 2012. AUM by investment vehicle and by portfolio are set forth in the table below.

           
Assets Under Management
(in millions)
 
November 30, September 30, December 31,
2013 2013 2012
 
By investment vehicle:
Separate accounts $ 26,618.5 $ 25,823.6 $ 24,683.6
 

Mutual funds and collective investment trusts

23,753.8 23,291.3 20,525.3
     
Total $ 50,372.3 $ 49,114.9 $ 45,208.9
 
By portfolio:
Blended Asset $ 23,326.6 $ 22,844.1 $ 20,470.7
 
Equity 25,874.7 25,136.7 23,472.5
 
Fixed Income 1,171.0 1,134.1 1,265.7
     
Total $ 50,372.3 $ 49,114.9 $ 45,208.9
 

About Manning & Napier, Inc.

Manning & Napier (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 and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. 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 509 employees as of September 30, 2013.

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,” “should,” “intends,” “plans,” or “anticipates” 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: changes in securities or financial markets or general economic conditions; a decline in the performance of the Company’s products; client sales and redemption activity; 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.

Contact:
Investor Relations Contact
Prosek Partners
Brian Schaffer, 212-279-3115 ext. 229
bschaffer@prosek.com
or
Public Relations Contact
Manning & Napier, Inc.
Nicole Kingsley Brunner, 585-325-6880
nbrunner@manning-napier.com
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