AllianceBernstein assets fall to $900 billion in September. Reading Time: 2 mins read AllianceBernstein reported a 2% decline in preliminary assets under management during September, to $900 billion from $919 billion at August's end, as market depreciation and monthly net outflows reduced the asset base. The October 12 announcement nevertheless put preliminary firmwide net inflows for the quarter ended September 30 at approximately $6 billion. AllianceBernstein Holding trades on the New York Stock Exchange under the ticker AB. Equity assets fell to $356 billion from $364 billion in August. Fixed-income assets declined to $315 billion from $323 billion, while alternatives and multi-asset solutions decreased to $229 billion from $232 billion. By distribution channel, institutional assets totaled $383 billion, retail assets $352 billion and private wealth assets $165 billion. The company reported institutional net inflows during September alongside net outflows in retail and private wealth. The quarterly inflow follows a return to positive flows in the second quarter. In its July 28 results, AllianceBernstein reported $0.8 billion of second-quarter net inflows, compared with $7.1 billion of net outflows in the first quarter. For the quarter ended June 30, GAAP operating income was $289 million, up 30% from a year earlier. AB Holding's GAAP net income per unit was $0.77, while adjusted net income, a non-GAAP measure, and its cash distribution were each $0.82 per unit. Its GAAP operating margin rose to 23.2% from 20.7% in the second quarter of 2025. The update also comes ahead of a planned leadership transition. AllianceBernstein announced on September 25 that President Onur Erzan would become president and chief executive effective April 1, 2027. He will succeed Seth Bernstein, who is scheduled to retire as CEO on March 31, 2027, and remain on the board. Erzan joined the firm in 2021 and became president in January 2026. Support Independent Journalism Help The FINANCIAL continue delivering quality business and financial news.Support from as little as $1. If you can, please consider supporting us with a regular amount each month. Thank you

Elite Realty Invest launches into US market - why Elite Realty Invest Limited chose Nashville. Elite Realty Invest has launched its first US property investment opportunity, marking its entry into the American market. Elite Realty Invest Limited has partnered with Nashville developer Richland Building Partners to bring three schemes to market. Darren Gallagher Published on 9 October 2026 Elite Realty Invest has launched its first US property investment opportunity, marking its entry into the American market. Elite Realty Invest Limited has partnered with Nashville developer Richland Building Partners to bring three schemes to market: * Cam on Third - off-plan, 120+ units in Chestnut Hill. Studios from $299,950. Construction begins October 2026, completion targeted Q2 2028. * The Jesse - completed, 58 units on East Nashville's Main Street corridor. Short-term rental approved. Available to invest in now. * Athena at the Park - completed and tenanted, 51 units overlooking Centennial Park on the West End. Limited availability. It's its first move outside the UK and Turkey, and Nashville has been on its radar for a while as the right place to start. Why Nashville. UK property investors have had a difficult few years. Mortgage interest relief phased out, stamp duty surcharges on additional properties, the Renters' Rights Act - the risk-reward balance has shifted, and more experienced investors are asking whether their entire portfolio should stay exposed to one economy, one regulatory system, one currency. For a growing number, the answer is looking to the US. The question is no longer simply where in the UK to buy next, but whether fundamentals should matter more than postcode, or even country. Some investors will keep finding those fundamentals in the UK, but others are looking to diversify and expand their UK portfolio with property in Nashville. The comparison Elite Realty Invest Limited keep coming back to is Manchester, Leeds and Liverpool - cities where regeneration, population growth and employment drove returns well ahead of the national average, long before the rest of the market caught on. Nashville is that story, playing out now. The city is adding roughly 35,000 net new residents a year. Oracle is bringing 8,500 jobs to its new East Bank campus, Amazon is adding 5,000 more, and AllianceBernstein relocated its global HQ from New York. Nissan, HCA and Bridgestone all call it a major hub, and luxury names like Soho House, Nobu and Hermès have followed. Household incomes already run 12% above the Tennessee state average, and that gap is widening as higher-earning employment arrives. A $4.5 billion airport investment and a 550-acre regeneration programme are underway, and the city is set to host the Super Bowl in 2030. Chris Barnhizer, CEO, Richland Building Partners said: "You've got population growth outpacing the national average, a diversified job market, and billions going into infrastructure and public space. Every cycle we've seen here has been underpinned by demand." That demand is outpacing supply, which is exactly the setup that drives rental growth. Wedgewood-Houston (WeHo) alone is projected to see 43.6% capital growth over five years, with rental growth of 3-4% annually. It's also structurally simpler to invest in than the UK. There's no stamp duty equivalent - a realty transfer tax of around $1,110 on a property that would cost £20,000 in SDLT on a comparable UK purchase. Buyers acquire full freehold title outright, deposits are held in escrow for protection, and the process is generally faster than a UK transaction. The takeaway. The investors who did well in Manchester and Leeds spotted the pattern of jobs, infrastructure, and supply constraints early. Elite Realty Invest Limited is confident Nashville is at that stage now, and Elite Realty Invest Limited has backed that view with three live schemes. The investors who get this right won't be the ones who've simply read about Nashville - they'll be the ones who act on it. Explore Cam on Third, The Jesse and Athena at the Park, or book a call with its team to talk through what fits your portfolio. Speak to Its Team Today Get in touch with its team of expert independent property consultants today. Elite Realty Invest Limited is committed to protecting and respecting your privacy, and Elite Realty Invest Limited will never share your data

Jeeves raises $110M to take its stablecoin play global. Eight months ago, stablecoins barely registered on Jeeves' platform. Today, they account for an annualized $1.5 billion in volume. That rapid shift is helping reshape the Miami-based fintech's business, and investors are putting another $110 million behind its push to build financial infrastructure for companies operating across borders. Jeeves announced this week that it had raised a $110 million equity round led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator and others. The funding comes amid a sharp period of growth for the company. Jeeves said its revenue had quadrupled over the past 14 months, while overall volume tripled year over year to more than $5 billion on an annualized basis. Stablecoin-settled activity has climbed from effectively nothing eight months ago to a $1.5 billion annualized run rate, according to the company. Jeeves said enterprises are increasingly using stablecoins to move money between markets where the traditional correspondent banking system can make international transfers slower or more expensive. "The enterprises that choose Jeeves are global by default, requiring corporate cards, accounts payable, treasury payments, and financial automation that span continents, and every one of them is tired of legacy infrastructure that wasn't built for that," founder and CEO Dileep Thazhmon shared in a statement. It is a major turn for a company that initially made its name providing corporate cards and expense management to startups and other businesses across Latin America. Jeeves is now pitching itself as something much broader: a stablecoin-based financial operating system that can handle much of a multinational company's day-to-day financial activity. The company said more than 80% of its customers already use multiple Jeeves products, which span corporate cards, accounts payable, treasury payments, spend management and automated financial workflows. Its customers include BMW, H&M, Lululemon, Burger King, Kavak and XP. Stay ahead of Miami tech. Join 16,000+ founders, investors, and tech professionals. The latest funding will help Jeeves take that model into more markets. Its stablecoin card offering is expanding from 25 to 35 countries, adding Argentina, Costa Rica, the Dominican Republic, Guatemala, Panama, Peru, Paraguay and Uruguay, among others. The company said the expansion will give it coverage across nearly all of Central and South America, alongside existing operations in North America, the United Kingdom and Europe. Jeeves is also opening an office in Madrid as it pushes further into Europe. "We built Jeeves as a banking platform on stablecoin rails because that's the only way to give companies the same speed and cost structure moving money between São Paulo and Berlin that they get transacting within one country," Thazhmon said. "That is what a stablecoin-native banking platform for global business actually looks like." The company is putting more products on those rails as well. Alongside the funding announcement, Jeeves launched its own stablecoin wallet, which it said can make payouts to 190 countries. It also announced a global AI-powered spend tracking product and an accounts receivable module. For lead investor CoinFund, the attraction was less about stablecoins as a financial experiment and more about Jeeves finding a practical business use for them. "Stablecoins are fundamentally changing finance for enterprises, but thus far, very few companies have created robust stablecoin-based infrastructure ideally suited to enterprises," David Pakman, managing partner and head of venture investments at CoinFund, said in the press release. "Jeeves has real distribution among companies already operating across Latin America, the United States and Europe, and that combination of technology and adoption is why we led this round." Jeeves' latest numbers offer another sign that stablecoins are moving deeper into the plumbing of business finance. It's far from alone, with various Miami startups innovating in the area, including XFX, Cyclops, OpenFX, alfred. That's not too dissimilar from tokenization hitting the tradfi world, pioneered by Miami fintech Securitize, which exited to public markets in July. READ MORE IN REFRESH MIAMI: