FAIRPORT, N.Y., Jan. 11, 2018 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today announced that it will report fourth quarter and full-year 2017 financial results after financial markets close on Wednesday, February 7, 2018. The Company will host a teleconference to discuss its results at 5:00 p.m. that day.
To access the teleconference, please dial 706-758-9224 (domestic and international) approximately ten minutes before the teleconference's scheduled start time and reference ID# 4490479. A live webcast will also be available on the investor relations portion of Manning & Napier's website at http://ir.manning-napier.com/.
A replay of the call will be available approximately two hours after the call's completion through February 14, 2018, and can be accessed by dialing 404-537-3406; and referencing ID# 4490479. The webcast will be archived on Manning & Napier's website.
Assets Under Management
The Company also announced that preliminary December 31, 2017 assets under management ("AUM") were $25.1 billion, which included approximately $16.8 billion in separately managed accounts and approximately $8.3 billion in mutual funds and collective investment trusts.
On December 1, 2017, the Company sold the Rainier Large Cap and Mid Cap Equity Funds to Hennessy Advisors, Inc., which represented $122 million in AUM at the time of the sale. The Company also expects to complete the sale of the Rainier Small/Mid Cap Equity Fund to Hennessy Advisors, Inc. during January 2018. This fund represented approximately $250 million in AUM as of December 31, 2017.
About Manning & Napier, Inc.
Manning & Napier (NYSE: MN) provides a broad range of investment solutions 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, such as 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.
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SOURCE Manning & Napier, Inc.